$2,400/mo Gross Rental Income for a Typical 800 sq.ft. Suite

- $600/mo Less 25% Management of Rental Pool

- $200/mo Less Advertising, Brochures, Front Desk, Maid Service, etc.

- $300/mo Less Maintenance, Taxes for Suite

- $100/mo Less Utilities (Telephone, Cable, Hydro)

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$1,200/mo Net Goes into a Pot. Net Income is Calculated by the Vacancy Rate for Each Quarter

Average Vacancy Rate: 50% Winter (Oct. - Mar.)

(based on time of year) 90% Summer (Apr. - Sept.)

Overall yearly Average Occupancy is 70%

70% x $1,200/mo = $840/mo Net to Owner Paid Quarterly Minus 25% Withholding tax for Revenue Canada

The above information is for reference purposes only & is not guaranteed and must be verified by the reader. Actual figures vary from season to season. The writer claims no responsibility for the accuracy of the above.