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All Forum Posts by: Jesse Ottesen

Jesse Ottesen has started 6 posts and replied 31 times.

Post: Calculating Vacancy Loss for a Vacation Rental

Jesse Ottesen
Posted
  • Investor
  • Staten Island, NY
  • Posts 31
  • Votes 23

When we purchased our first vacation rental the Realtor provided us with the last 2 or 3 years rental records of all the properties we considered.  Unless you're in a place like Hawaii that has a 52 week season you should look at just the customarily rented weeks for that location.  Ours is in an area that is primarily summer only but with continuous improvements and a good rental manager our utilization is increasing into spring and fall.

Best part about vacation Rentals, no concerns about evictions.

Worst part, extremely hard to cash flow with traditional LTV rates.