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Updated 10 months ago, 02/26/2024
Analyzing medium term rental deal
I was trying to analyze a home for medium term rental. Doesn't look like it will work well, however I'm more interested in if I am missing something.
https://www.biggerpockets.com/analysis/rentals/249c5d76-1eba...
This is my first time analyzing a medium term rental. As I started entering expenses, it occurred to me that there were more expenses than I thought. Is there anything that you can think of that I may be overlooking in my analysis? I entered a higher CapEx than usual. I thought about renting as three separate rooms, although I've heard that this may lead to more issues, so may not do that.
10% Property manager (although, could self manage from out of state)
Electric, internet, water, garbage (with water bill)
vacant maybe 3 days a month due to how people schedule
a few fixes necessary
furniture/dishes etc.
lawn
insurance
taxes
cleaning costs
loan/loan closing costs
no HOA for this one