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Updated almost 3 years ago on . Most recent reply
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How Do I Account For Seasonal Fluctuations & Vacancies?
Hey!
I'm looking at purchasing a property that I'd turn into an AirBnB in a skiing town.
During the long winter months here in Canada, the AirBnB will be rented out for sure,
But how do I account for the slow summer months or even unpredictable vacancies in my expense calculations?
Thank you in advance, cheers!
Most Popular Reply
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Run your numbers based off annual revenue, not monthly.
Save profit from the busy season to use to pay your mortgage in the slow season. Example: I’ll make $15k profit off my beach condo in July, but I’ll loose $2k in February. Numbers still work annually.