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money~take the risk or lose the chance.
Location, property type, season, amenities + proximity to tourist locations all come into play when determining your income. Short term rentals earn up to three times more than the traditional long-term rentals.
There are basically three groups of numbers you need to think about when calculating for a short-term investment:
1. Rent collected
2. Upfront costs
3. Monthly costs
You also need to consider vacancy rates and seasonal variance in your calculations. If you want some of our free tools we use, drop us a DM.