Writing a Business Plan for Short Term Property Rentals
Many people have turned to using websites such as AirBnB, VRBO, and related websites in order to rent their properties on a short-term basis. Unlike a traditional long-term lease which attendant signs for one year, these businesses act almost as if they were a small hotel or similar place of lodging. These have become very popular among real estate investors given the fact that they are able to generate several times the amount of rent on a daily basis instead of having a long-term residential tenant. Deutsch and Thomas has worked extensively with real estate investors and property owners that focus on acquiring properties that are going to be used for short-term rentals. We are familiar with all of the operating costs associated with these businesses, how they generate revenue, and how they market their places for rent to the general public. We can work very closely with you to develop a business plan that showcases how the short term
rental management you intend to engage in will occur over a five-year period.
As with all business plans developed by Deutsch and Thomas, we include a full five-year financial model that features a profit and loss statement, common size income statement, cash flow analysis, balance sheet, breakeven analysis, and business ratios page. If you are looking to acquire capital in order to purchase a number of properties, we develop the business plan to showcase all of the collateral that will be used in order to finance a long-term mortgage or real estate backed line of credit. All the work we do is done specific to the needs of each of our client, and we can develop a business plan to your complete specifications. We also include all the necessary industry research, local market research, and general economic analysis within the business plan.
If you're seeking to have a professional business plan written, please contact us anytime at 646-216-9844 or through the contact us form on this website. We look forward to working with you!