Closing Costs $10,623
Pre-Launch Costs $5,675
This property was brand-new, so it allowed us to get started without investing anything into renovations. On the other hand, since it was higher end than the other ones we’ve done, furnishing needed to reflect that so we spent a bit more than usual to design and furnish the unit.
Since the property was brand new, the process of setting it up and furnishing it was quite quick. The main delay was caused by the time it would take to get the short-term rental permit. Due to the long waiting list, we spent a good month just waiting for it. That said, closing to launch was about 1.5 months
If you’re looking to launch your own short-term rental properties or want to be involved in larger syndications that we organize, reach out and let’s set up a chat.