Consider These Expenses when Investing in a Short Term Rental Cabin

The Cabin Rental experience can be great for many investors! If you are looking for a way to earn income while maintaining your career, or you are looking to begin a new career, the Short Term Cabin Rental business has its merits!

As local professionals, we will work with you to find the right property to fit your business plan. As you are considering your budget, we want to provide you with a list of expenses you will want to consider as you create your business plan.

Fixed Expenses:

• Mortgage
• Homeowners Insurance for Short Term Rental
• HOA Fees
• Property Taxes
• Utilities

Large Expenses
These expenses you want to have a budget and funding set aside for repairs and incidents along the way.

• HVAC
• Roof
• Major Appliances
• Siding/ Gutters/ Windows
• Decking
• Painting/Staining

Regular, often Monthly or Annual Expenses
These are the maintenance expenses you will want to consider and plan in your budget and have funding for.

• Cleaning Fees, including Hot Tub and Deep Cleans
• Credit Card Processing
• Linens
• Pest Control
• Household Inventory, stocking of basic items
• Landscaping
• Marketing | Reservations System
• Maintenance
• Business Taxes | State, County, City

You will find more than these as rental properties must stand up to the test of many guests. The Cabin Rental business can be lucrative and done in many types of plans. Self management or Property Managed is the biggest decision you will make. As #yourcabinexperts, allow us to help walk you through the considerations needed as you choose your property and begin!