AirBNB Vacation Rental Analysis Help

[Vincent Porter]

First-time poster, long time reader. 

I have recently discovered BiggerPockets in my venture into real estate. What a goldmine of information and ideas. I feel like a kid in a candy store jumping from topic to topic as well as digesting all of the podcast content. 

Here is my question. I am looking at potential lake houses outside the DFW market with hopes of using this as an AirBNB to generate a return. If I get to use this 4 -6 times a year too that would be great. I understand the tax consequences and how to navigate that. 

My question relates to my analysis. When I am projecting what my investment should be, what my occupancy rate should be and what nightly rate should be I need to know all of the costs. What costs should I consider to maintain the property on an ongoing basis? Currently, I have the following : 

1. Closing Costs on Loan
2. Furnishing costs on the property 
3. Annual prop taxes 
4. Monthly Utilities (Electricity, Water, Gas, Internet)
5. Insurance 
6. Maintenance 
7. Property Mgt 5-25% depending on what you choose
8. AirBNB Fees 3%
9. Debt Service 

I have not included hotel occupancy taxes. Texas AirBNBers - correct me put AirBNB / HomeAway collect this on your behalf so this is not your responsibility?

What am I missing? Is there anything I am overlooking or not accounting for? 

Thanks in advance 

[Paul Sandhu]

If you ask me, the property management fee should be $0.00

Do it yourself, or don't do Airbnb at all.  I have have 23 STRs with 83 beds in this town.  The only set fee I have to pay to someone is $65 a month.  That's to my maintenance guy.  He got a loan for a riding mower.  I make his monthly loan payment and he mows all my yards.  I have to buy his gas though.  When his mower is paid for, he might buy something else and want me to finance it.  He does it every 6 months with campers.  I buy a camper for him, he fixes it up in a few weeks then sells it for double the price.  Then I get my money back.  Sometimes his communication isn't that great.  He talks about this website called "Spacebook", and he was going to get his tombstone engraved with "The Lord is My Shepherd, I Shall Not Wait".