Include detailed cost data for each property, such as mortgage payments or monthly rental costs, property tax or council tax for the year, and utility expenses like gas, electricity, Wi-Fi, and water.
Break down daily costs, including cleaning fees and estimated utility usage based on time spent and the season. Factor in the cost of amenities, for example, if a crate of water is provided each stay. With this information, you can accurately calculate the lowest possible price a property can be offered at, along with a clear figure that shows when the property breaks even—whether monthly, quarterly, or annually.
Once a property surpasses the break-even point for a given period, any additional income becomes pure profit. You could also compare utility and operational costs with similar properties in the area to identify opportunities to switch providers and reduce expenses.
Include software-related costs associated with managing each property as part of the overhead.
As well as ad management fee cost
Once fully implemented, this data could be visualized on a map, allowing you to quickly see which properties are operating at a loss and which are generating a profit.