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A family has owned property with a small lake for many generations.
Recently the family has built three cabins dispersed around the lake to rent out.
They are hoping this will be added revenue.
The family is currently charging $200.00 a night to rent the cabin.
In the table provided is an estimated cost of maintaining and renting each cabin.
Yearly
Per Rental
Utilities $100
Cleaning/Housekeeping $50.00
Firewood $300.00
Yard maintenance $25.00
Insurance $300.00
Maintenance $200
With the knowledge that you have of the family's cabin rental business.
What would be a SMART goal for the family?
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