1 minute read
AirBNB - OPERATING STATEMENT NOTES
from Airport Villas
by aiden.davis
Notes To Operating Statement
[1] Short Term income is based on $100/night for 1-bedrooms and $120/night for 2-bedrooms
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[2] Short Term Vacancy is based on 20% of the Gross Scheduled Rent.
[3] Laundry income is based on $60 per unit per year.
[4] Other income includes, parking fees, resort fees, etc.
[5] 2021 Property taxes are $200,499, proforma taxes are assuming an 80% reassessment, times the 2021 millage rate minus a 4% early payment.
[6] The insurance figure is estimated to be $1,667 per unit per year because of short term rental operations.
[7] The electric figure is estimated to be $600 per unit per year.
[8] The Water/Sewer figure is from the 2021 P&L.
[9] The cable, phone & internet figure is estimated to be $45,000.
[10] The trash removal figure is estimated to be $250 per unit per year.
[11] Repairs and maintenance is assumed at $750 per unit per year.
[12] The landscaping figure is estimated to be $139 per unit per year.
[13] The pest control figure is from the 2021 P&L.
[14] Payroll is assumed to be $1,200/unit per year.
[15] The elevator setvice figure is from the 2021 P&L.
[16] General Administrative is assumed to be $150 per unit per year.
[17] The pool service figure is from the 2021 P&L.
[18] Reserves is assumed at $375 per unit per year.
[19] Management fee is calculated at 5%.
