Quote:
Originally Posted by thevillages2013
If you are going to rent short term (any lease less than 6months+1day) you will need to collect from your tenant the “hotel” tax and pay it to the state. Also summer rentals by themselves are spotty since there are so many homes available during those months. IMO if you have a 75-80 percent ( of the home’s cost )mortgage you will have a hard time breaking even .
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I totally agree with you that it would be hard to break even for summer rentals at $1100 for a villa, you would barely break even with the wear and tear and maintenance and pay your mortgage.