Discover answers to your questions with Westonci.ca, the leading Q&A platform that connects you with knowledgeable experts. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.
Sagot :
Answer:
David needs 8 short-term rentals monthly to match revenue from a lease. He can rent both ways because he is equally likely to get either type of renter.
Step-by-step explanation:
David needs 8 short-term rentals monthly to match revenue from a lease.
We have given
David wants to rent out his house, and he can list it as either a short-term vacation rental or a yearlong lease.
He lives in a quiet university town.
Similar short-term rentals on the market average.
$120/night, and similar yearlong leases average $900/month.
What is the formula for Short term rental needed to match monthly rent?
Short term rental needed to match monthly rent
=Monthly rental / short term rental
= $900/ $120
= 7.5
David needs 8 short-term rentals monthly to match revenue from a lease.
He can rent both ways because,
He is equally likely to get either type of renter.
To learn more about the cost visit:
https://brainly.com/question/1153322
Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Get the answers you need at Westonci.ca. Stay informed by returning for our latest expert advice.
