How should owners interpret the information presented in the appraisal?
The appraisal serves as a general reference, providing an overview of your property's earning potential. The key figure to emphasise is the annual NET income projection. Short-term rentals often exhibit seasonal variations, resulting in weeks of no income and weeks of substantial returns. Considering these fluctuations, the most reliable number to concentrate on in the appraisal is the annual revenue projection. These predictions are accurate at the time of compilation, relying on historical data for the area and properties of similar nature.