STR in the Smokys - Expenses

[Vincent M.]

Hi again, Trying to pick up some of my research in the STR market in the Smoky Mountain area. I am putting together a spreadsheet with some costs to help understand a the end game a little more - i.e. cash at the end of the year. Was hoping some of you all who have cabins can weigh in a little with some real life costs ....

Avg Nightly rent for a 2 Bed - estimating from VRBO / AirBnB ~ $140 over the course of the year. Does this sound like a good average or am I shooting Low/High?

Vacancy - I am guessing about 15%? for this area? Again whats been your experience. Is this high or low?

I am estimating the following for expenses. Some I have guessed, Some @Avery Carl (Thank you) has guided me on &  Some I really don't know what they are in that area:

Garbarge - $50/Month

Water/Sewer - ? 

Cable/web/Phone - $150/month

Cleaning - $500/ Month. 

Electricity - $150/Month

HOA - Variable

Security - ?

Pest Control - ?

Gas - $50/Month

Insurance - $75/Month

Landscaping/External Maintenance - $75/Month

Capex - Going to use 5% of Gross receipts

Rental costs associated with VRBO/AirBNB and general Marketing costs - ?

Would welcome some feedback on these numbers any any that I am missing. I would be glad to share my spreadsheet once I have it put together

Thanks - Vincent

[Luke Carl]

@Nancy Bachety don’t turn guests away. Call or text me. You already have access to everyone you need :) 

Also don’t worry about trash worry about the next purchase!!!! Massive action!!