- 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.