You should have a good idea of every expense you have in your primary home, then add the STR specific:  (These are rough estimate numbers, depending on various factors)STR insurance - a special insurance that covers both the property and your liability, could be $2~4k in areas without natural disasters, could be more than $10k in some other areas.cleaning fee - approx. $50 per bedroom, so a 4-bedroom house will cost you about $150~200consumables - bathroom supplies, kitchen supplies, beverage supplies: $20~30 per week, depending on how much you providewear and tear - towels, linen, kitchen utensils, some furniture: $1000~2000 per yearRepairs/replacement for things that guests break or steal:  $1000~2000 per yearAlso, if your personal use is less than 14 days a year, the entire property's expense is deductible against STR income, but if you use more than 14 days, then you will have to calculate the proportion of how many days it's rented out vs how many days you or your family uses. 

Making sure you are doing this in a house and community that will warrant it too. 4.

I'm not sure if this forum is still active, but I'm looking to chat with a few real estate investors in Ontario who may be interested in raising funds by selling fractional shares of their property.My co-founder and I are doing some market research so we need to talk to some folks to gather more insights before building this out.If this interests you or someone you know, please reach out.

You should reach out to @Melissa Haworth she can get the actual numbers/rents on STRs in the area to help run your comps.Each building is different, each area is different, it is important to find accurate data to make good decisions.

Poconos STR Conference 2025 - March 6 in Mount Pocono!

I'm interested in going back, and would be interested in talking carpool. 

He is also a city councilman in Minnetonka or at least he was.

Those are like 1 in 10000 opportunities. 

I'm seeking references for a few great rehab contractors in the Tampa Bay region.

Hello !  Can anyone recommend a good property manager that covers Modesto, CA?  I'd prefer a smaller "Mom and Pop" type company if possible.  This is for a 3 bed/2 bath single family rental home.All input would be app...