| A | B | C | D | E | F | G | |
|---|---|---|---|---|---|---|---|
1 | 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 | |||
2 | |||||||
3 | Input Values in These Yellow Cells! > > > > | $300,000 | 35% | $18,080 | < - - - This field is computed. | ||
4 | See Below How Terms Determine Your Savings | ||||||
5 | iTrip Terms | Cost Estimate for Non-iTrip Option | Additional Cost for non-iTrip Option | More Info | |||
6 | Commission % | 30% | 35% | 5% | Commission is computed only on lodging part of booking: about 60% of total booking value roughly since stay lengths vary | ||
7 | Commission Expense Total | $90,000 | $105,000 | $15,000 | |||
8 | Credit Card Fees | $0 | 3.50% | $10,500 | charged on full transaction with cleaning, taxes and LDW | ||
9 | Guest Damage Expenses | $0 | $500 | $500 | |||
10 | Third Party Invoice Upcharges (avg 20% over invoice, with an avg cost / property of = $2900) | $0 | $580 | $580 | we 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.) | ||
11 | Recurring Junk "Service" Charges | $0 | $200 | $200 | |||
12 | Standard Bulbs and Batteries | $0 | $300 | $300 | You pay for neither labor to install, nor the standard bulbs themselves | ||
13 | Guest Service - no charge to you to plunge a toilet, light a pilot, etc. | $0 | $200 | $200 | |||
14 | Inspections Between Each Booking | $0 | $0 | $0 | |||
15 | Inspection and Inventory Annually (very deep) | $0 | $0 | $0 | |||
16 | 300 thread count 100% cotton sheets & fluffy towels (rental cost split across all cleaning jobs) | $0 | $300 | $300 | |||
17 | Electronic lock with code for each guest $700 cost OR Standard lockbox $30 | $0 | $700 | $700 | |||
18 | Sales Tax and BOLT Tax remittance on your behalf | $0 | $0 | $0 | |||
19 | Cost Saving Inventory! | $0 | $300 | $300 | Rare weekend or overtime wherever possible. (i.e. heaters for afterhours furnace failures, extra refrigerators, a large toaster over, to name a few....) | ||
20 | Special projects (get multiple project bids, installs, receive and deliver items to your home etc.) | $50/hour | |||||
21 | TOTAL ANNUAL RENTAL EXPENSE DOLLARS** | $90,000 | $108,080 | $18,080 | |||
22 | iTrip Cost | Option B Cost | iTrip Savings | ||||
23 | OWNER EXPENSES WITH ITRIP | ||||||
24 | Main Expenses | Annual Expenses | |||||
25 | Mortgage | · Annual inspection of fireplace (boiler, furnace, water heater - only on request) | |||||
26 | Utilities | · Annual Cleanings: | |||||
27 | Monthly HOA fee | Deep clean (cost is 2-3x the cost of a guest clean for your property size) | |||||
28 | Homeowner's Insurance for Short-Term Rental | Window cleaning ($100-300+ depending on property size) | |||||
29 | Furnishings | Carpet-upholstery ($150-400 depending on size and need) | |||||
30 | Annual Breckenridge Unit License - billed against rental proceeds | ||||||
31 | Owner Stay Cleaning Expense | For properties NOT in an HOA that handles these services: | |||||
32 | Repair or replace household effects showing gradual wear and tear | · snow removal on driveway - $100-$150/month Nov – April | |||||
33 | Maintenance Basics | · roof snow removal - $400-900 per season only if roofline profile and snowmelt require it | |||||
34 | · 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 | |||||
35 | · Smaller repairs - projects handled in-house (billed at $50-75/hour) | · trash removal - $35 per pickup for garage service + $70 refundable trash bin | |||||
36 | · weekly hot tub maintenance - $125/month, free flush and refill when needed | ||||||
37 | |||||||
38 | |||||||