Owner Decision Support Tool Only
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How Much Will
I Save with iTrip?
Property's Estimated Gross Rental Income
(not cleaning, taxes, limited damage waiver)
Commission Rate
Non-iTrip Company
Savings with
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Input Values in These Yellow Cells! > > > >$40,00040%$5,080< - - -
This field is computed.
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See Below How Terms Determine Your Savings
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iTrip TermsCost Estimate for Non-iTrip OptionAdditional Cost for non-iTrip OptionMore Info
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Commission % 30%35%5%Commission is computed only on lodging part of booking: about 60% of total booking value roughly since stay lengths vary
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Commission Expense Total$12,000$14,000$2,000
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Credit Card Fees$03.50%$1,400charged on full transaction with cleaning, taxes and LDW
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Guest Damage Expenses$0$500$500
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Third Party Invoice Upcharges (avg 20% over invoice, with an avg cost / property of = $2900)$0$580$580we found no significant corelation between unit bedroom count or square footage and maintenance expense due to the random nature of large expenses (i.e. new appliances, furnaces, painting projects, etc.)
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Recurring Junk "Service" Charges$0$200$200
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Standard Bulbs and Batteries $0$300$300You pay for neither labor to install, nor the standard bulbs themselves
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Guest Service - no charge to you to plunge a toilet, light a pilot, etc. $0$200$200
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Inspections Between Each Booking$0$0$0
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Inspection and Inventory Annually (very deep)$0$0$0
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300 thread count 100% cotton sheets & fluffy towels (rental cost split across all cleaning jobs)$0$300$300
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Electronic lock with code for each guest $700 cost
OR Standard lockbox $30
$0$700$700
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Sales Tax and BOLT Tax remittance on your behalf$0$0$0
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Cost Saving Inventory! $0$300$300Rare weekend or overtime wherever possible. (i.e. heaters for afterhours furnace failures, extra refrigerators, a large toaster over, to name a few....)
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Special projects (get multiple project bids, installs, receive and deliver items to your home etc.)$50/hour
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TOTAL ANNUAL RENTAL EXPENSE DOLLARS**$12,000$17,080$5,080
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iTrip CostOption B CostiTrip Savings
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OWNER EXPENSES WITH ITRIP
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Main Expenses
Annual Expenses
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Mortgage
· Annual inspection of fireplace (boiler, furnace, water heater - only on request)
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Utilities
· Annual Cleanings:
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Monthly HOA fee
Deep clean (cost is 2-3x the cost of a guest clean for your property size)
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Homeowner's Insurance for Short-Term Rental
Window cleaning ($100-300+ depending on property size)
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Furnishings
Carpet-upholstery ($150-400 depending on size and need)
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Annual Breckenridge Unit License - billed against rental proceeds
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Owner Stay Cleaning Expense
For properties NOT in an HOA that handles these services:
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Repair or replace household effects showing gradual wear and tear
· snow removal on driveway - $100-$150/month Nov – April
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Maintenance Basics
· roof snow removal - $400-900 per season only if roofline profile and snowmelt require it
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· Maintenance not related to guest damage or wear and tear (No markup on 3rd party invoices)
· walks/decks snow removal - $40/hour, done as needed
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· Smaller repairs - projects handled in-house (billed at $50-75/hour)
· trash removal - $35 per pickup for garage service + $70 refundable trash bin
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· weekly hot tub maintenance - $125/month, free flush and refill when needed
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