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Updated over 5 years ago,

User Stats

3
Posts
2
Votes
Vincent Porter
  • Dallas / Fort Worth
2
Votes |
3
Posts

AirBNB Vacation Rental Analysis Help

Vincent Porter
  • Dallas / Fort Worth
Posted

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 

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