Which letting model pays more.
A worked example
Starting figures
- Nightly rate
- $140
- Occupancy
- 60%
- Short-let costs
- 30%
- Long-let rent
- $1,850
What it returns
- Long let wins
- $62.48/mo
- Short-let net
- $1,787.52
- Long-let rent
- $1,850
- Break-even occupancy
- 62.1%
How to read the results
With the defaults above, long let wins works out at $62.48/mo.