What cost's can I expect when I
run a short term rental home
You will need to cost out your particular home as costs may vary by location. This is intended as a guide only.
Monthly Villa Maintenance Charges (Generally irrespective of size of villa)
Garden & lawn irrigation maintenance - $ 85
Pool maintenance - $ 85
Pest control (interior & exterior) - $ 35
Air conditioning maintenance - $ 30
Management company fees - $135
Utility Costs (Based on a 3 bed villa )
Cable TV - $100.00
Electricity - $200.00
Water - $ 95.85
Telephone - $ 30.28
Other Monthly Costs
Wear, tear and running repair - $100.
Promotional costs - $ 30.
Total Monthly Cost (+ Mortgage) $926.13
Real Estate Taxes - $2500.00.estimate
Property Insurance - $900.
License fees - $100
Total Monthly Cost $1217.79
In Florida when you rent out the home you need to add Tax.
Sales tax 6% of the booking as of 2012
Tourist Development Tax 5 - 7% of the booking depending on county
We at FL Villa Management llc help and advise all our owners as to the Licensing and tax's to be paid in Florida.
It is different in most of the county's. Osceola, Lake, Orange, Polk.
I am sure depending on your Vacation Homes location there will be other expenses such as HOA fees.
Please do you home work before buying a vacation home. If you have plenty of money it can be a hobby. If not then it is a
business so treat it as one!