Many property owners could be lured into the belief there’s HUGE income potential from putting their cabin into a weekend or short-term cabin rentals program. Let’s make a quick comparison between the income potential between Long-Term and Short-Term rental programs:
- Occupancy Rate 100% 70-75%
- Monthly Income Consistent Variable
- Management Fees 10% 35-45%
- Maintenance Expenses Scheduled Immediate
- Net Operating Income ~12-15% Target 10%
The anticipated changes to the TAX PLAN will likely have an impact on home mortgage interest deductions, too.
We can help you evaluate your specific property to determine if Long-Term Rental Income works for you. Give Us a Call! 706-946-2424
Mountain Place Home Management – your Preferred Property Partner – offers long-term residential property management in Ellijay, Blue Ridge and Blairsville and other communities in north Georgia.