Welcome to Westonci.ca, where finding answers to your questions is made simple by our community of experts. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.
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 platform. We're always here to provide accurate and up-to-date answers to all your queries. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.
