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Budget imageVacation rentals have standard costs, which vary depending on your property:

  • Property-related expenses, like mortgage payments, insurance, taxes, or condo fees
  • Utility costs, like electricity, phone, cable, Internet and water
  • Ongoing maintenance, like cleaning services or a property manager.

Once you have your more set costs sorted, how do you budget for the rest? A lot of owners don’t have a strict budget for their vacation rental, but we connected with three owners to find out what they prioritized — and how — as they got their rental business up and running.

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