This helps you get accurate costs and makes it much easier for subcontractors to follow without guesswork.

Those will not be that accurate but it is nice to anchor to a number and then refine later.

Monthly bookkeeping and reviewing your financials monthly at a minimum is crucial for REIs for decision-making, cash flow management, tax strategy, etc.Otherwise, you're probably leaving some meat on the bone in your business.Everything starts with properly structured, accurate, and up-to-date bookkeeping.

I wanted to try the rent calculator and now it's a $390 analysis charge for something that was not remotely accurate, off by $1,500 a month

We're very limited in what we can do if the bookkeeping is accurate and up-to-date.

It’s like 60-70% accurate and it’s FREE!.

Great points, Jeff — and you’re right to highlight that the expense ratios are unusually efficient for a coastal STR.A couple of clarifications on the numbers:The current owner self-manages, which keeps cleaning and maintenance costs lower than a third-party STR manager would typically charge.Some of the repairs and CapEx were front-loaded in prior years (new flooring, appliances, and paint), so last year’s P&L reflects more of a stabilized-operations scenario.The utilities figure is accurate — it’s higher due to being master-metered for the property — but the other OPEX categories are slightly understated if you were to underwrite this as a fully managed, third-party operation.If I modeled it using a professional management assumption plus normalized reserves, the operating ratio trends closer to 48–50%, which aligns with what you mentioned for coastal STR multifamily.I appreciate you calling that out — it’s a great reminder of how much variance there can be between owner-operated and institutional-style expense reporting, especially in hybrid STR assets like this.Here's the owner's profit and loss statement for the exacts of the 2024 year.

You need to step back and do the accurate analysis.

If you have been an active rehabber or builder, the past few years you should have accurate budgets. 

Most people in the industry experimented with this already, but aren't having success because email addresses are not highly accurate when you skip trace the lists - especially if you're using a cheaper datasource.Atop of this, you're in Denver, which is an affluent market.