Vacation rentals and taxes

[Elisha Cram]

My husband and I bought his grandmother’s house last year and have fixed it up. We decided to use it as a vacation rental to offset the costs of owning and maintaining it. Our fIrst guests since the remodel are staying tonight.

I am curious if anyone who currently has vacation rentals can share what you set aside for taxes. I have driven for Uber, for example, and I put 25% of those earnings aside for tax time. Should I not need it all of it for taxes due to writing off expenses, then I consider what is left to be a bonus after filing taxes. Any suggestions for percentages to sock away for vacation rentals?

Thanks!