Set up and furnishings for STR

[Marissa Liesenfelt]

Hi all! When you are putting your numbers together for a new STR property, how do you look at the cost of initial furnishings, linens, etc? Do you just look at this as an acquisition cost like you would a downpayment? Do you have a formula for how quick you'd want to recoup those start-up costs? I can easily see spending $15K to furnish and trying to figure out how to factor this into the profitability picture for the investment and what's realistic. Looking at the numbers, I def. wouldn't make it back yr 1 on cashflow after expenses. Thanks for any POV you want to share!