Short Term Rental Quiz 1

Which of these really happened?

• Tree rats invaded the attic and ate through the A/C

• A leak damaged the condo below and caused the owner to have a heart attack and die

• Robbers broke through a wall and stole everything in the house including the cabinets

• 1,000 African Honey bees nested in the siding creating 20lbs of honey

What type of property is best for short-term rentals?

• Condo

• Townhouse

• Multi-family home

• Single-family home

How much is a typical down payment on an investment property?

• 5-10%

• 10-15%

• 20-25%

• 30-35%

• Seller is offering a $10k incentive-which is the better deal?

• Buy down the interest rate

• Reduce the price of the house

• They are both the same

How much does it cost to set up your short-term rental?

• $10,000

• $15,000

• $20,000

• $25,000

• How many days were booked and how much gross income was generated in 2023?

• 150 days/$15,000

• 200 days/$25,000

• 250 days/$35,000

• 300 days/$40,000