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Vacation Property Rental Rate Calculator

Whether you're an old hand at renting out a vacation property or are just getting started in the vacation rental business, setting optimal rental rates is a critical part of the job - albeit not one of the easiest or most pleasant. As a homeowner or other property manager, you always wonder whether you have set the proper rate for the vacation rental market in your specific area. You wonder whether your rental rates are too high and may be chasing away potential renters or, on the other hand, whether they are too low and you might be leaving good money on the table or worse, cutting a loss.

This is why rentforyourvacation.com has created this Vacation Property Rental Rate Calculator to support homeowners and other property managers in calculating ideal rental rates for your vacation property.

The rental rate calculator is really straightforward - you simply plug in the numbers the tool requests and the rate calculator instantly figures out what rental rates you should be charging in order to cover your expenses and then make a decent profit. It also tells you whether your current rental rates are causing you to take a loss. Before testing the rental rate calculator, you'll need to pull your papers together for expenses such as mortgage, heating, electricity, taxes, renovations, maintenance and so on. If you're just getting started in the vacation rental business, you'll want to do some additional homework in order to gain a good understanding of the vacation rental market in your particular area.

For instance, do you know whether your market is a seasonal market or a year-round market? What is the peak season in your market? What rates does your competition charge (other property owners/managers and hotels)? Do you want to charge additional fees such as cleaning fees or a pet fee, and if so, do you want to include those amounts in your rates or present them outside as additional fees? You'll also have to determine your minimum stay.

Your optimal rental rates should factor in all these elements. You can learn more about refining your vacation rental rates by subscribing to rentforyourvacation.com's blog for Property Managers where we talk about this and other issues that matter to Property Managers.

Give the Vacation Rental Rate Calculator a try. We're always interested in your comments and suggestions.

How to use the calculator