Major Expenses
Type of Expenses
Description
Frequency
Percentage of income
Percentage of income per month
Expense
Commission of online platforms
Commission per listing and booking
Per booking
10-15%
0
Photography and ad preparation
Professional photography and ad creation
One time, update every 1-2 years
0.1-0.2%
0
Advertising and marketing
Advertising in social networks and search engines
Continuously
5-10%
0
Management company (if we include this, EXCEPT expenses depending on the list of services of the management company)
Reservation management, cleaning and tenant relations services
Continuously
15-25%
0
Water supply and sewerage
Payment for consumed water and sewage services
Monthly
0.1-0.2%
0
Electricity
Payment for electricity consumed
Monthly
0.2-0.3%
0
Gas
Payment for consumed gas
Monthly
0.1-0.2%
0
Internet and cable TV
Payment for Internet and cable TV
Monthly
0.1-0.3%
0
Garbage chute
Garbage disposal and garbage chute maintenance
Monthly
0.05-0.1%
0
Maintenance of common equipment
Electricity and maintenance of elevators, lighting of corridors and common areas, security systems
Monthly
0.2-0.3%
0
Cleaning
Regular cleaning of apartments
After each check-out or weekly
5-10%
0
Consumables
Toilet paper, shampoos, soaps, cleaning products
Regularly, as needed
1-2%
0
Income taxes
Taxes on rental income
Annually
15-30%
0
Property tax
Property tax
Annually
0.002%-2%
0
Routine repairs
Minor repairs and maintenance
As needed
1-2%
0
Legal expenses
Consultation with a solicitor on legal matters, company maintenance fees (if the property is deeded through opening a company)
As needed
0.5-1%
0
Banking costs
Bank trust maintenance fees, bank fees for receiving funds, payment system fees, etc.
Monthly
0.02%-5%
0
Property insurance
Protection against damage to or loss of property
Annually
0.1-0.2%
0
Civil liability insurance
Indemnification of third parties on the premises
Annually
0.05-0.1%
0
Rental income insurance
Protection against loss of rental income
Annually
0.1-0.2%
0
Additional expenses
Type of Expenses
Description
Frequency
Percentage of income
Percentage of income per month
Expense
Furniture and appliance replacement
Depreciation of furniture and appliances
Every 5-7 years
2-3%
0
Air conditioning maintenance
Regular maintenance of air conditioning systems
Annually
0.1-0.2%
0
Decorative updates
Painting, decor replacement, and minor repairs
Every 3-5 years
1-2%
0
Pool maintenance
Regular pool maintenance
Monthly
0.2-0.3%
0
Garden maintenance
Regular garden maintenance
Monthly
0.2-0.3%
0
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