One of the main differences between short term rental and long term rental for property owners is that the owner is responsible for all the running costs including utilities. These running costs for short term rental property owners include:
- Property taxes (yearly): Typically 2% of the sales price/assessed value.
- Resort taxes in some locations (based on rental income).
- Licensing fees (some areas require a license similar to hotel).
- Homeowners Insurance & Liability Insurance.
- Homeowners Association or Community Dues (maintenance of community features).
- Management fees (Typically $100-250 per month depending on property size).
- Management Commissions (Usually 15-20% of rental).
- Property Maintenance (cleaning fees, pool service, repairs, etc.)
If you have more questions please feel free to contact us by email or phone: 321-278-5486.
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Copyright © 2012 Mid Florida MLS. All rights reserved. Information deemed reliable but is not guaranteed. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Mid Florida MLS. Real estate listings held by brokerage firms other than Holiday Realty LLC are marked with the IDX logo and detailed information about them includes the name of the listing broker. Information provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information last updated on 5/23/12 6:33 AM PDT.