BP Buy & Hold Calculator for Short-Term/Vacation Rental

[Dave Gaines]

Hey All,

I’m new to BP and short-term/vacation rental (specifically Orlando, FL area) is what peaked my interest into real estate and I have been immersed in gathering information. I have been trying to run numbers and analyze properties through the BO Buy and Hold calculator but I have run into a few workarounds and wanted to reach out to see if anyone else experienced this. The biggest work around is the occupancy rate is different than vacancy rate (even got a pop-up starting to put a percentage in haha); therefore, I don’t really want to include it in my expense section.

1. Multiply occupancy assumption by 365 days
2. Multiply the days by the average rate
3. Divide that by 12 to get the average monthly income

Has anyone else done this work around? The other anomaly is that the property type doesn’t allow you to pick townhome, anyone else see this too? Not that big of a deal, but definitely something I noticed. 

Thanks guys!