Startup Cost

Startup cost is the full upfront cash to get a short-term rental open: furnishing, setup, permits and compliance, professional services like an LLC or accountant, and the first round of supplies. It is worth keeping three layers distinct so you do not undercount.

The furnishing budget is just one slice of startup cost. Startup cost in turn is narrower than the total cash you need to reach break-even, which also includes carrying costs while bookings ramp up. On top of all of that sit your reserves, the replacement and operating funds you hold for later. Plan each layer separately so an early slow stretch does not catch you short.