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Updated 5 months ago, 07/11/2024
Estimating operating cost on a new construction STR
Hi! Anyone have advice on general rules of thumb or ways to estimate operating cost for a short term rental new construction? I need to figure out a base operating cost so I can consider this when I assess land purchase price, but I"m finding it very difficult to asses things like insurance, property tax, utilities etc. on something that isn't build yet. Any advice?