Real Estate Rookie

Rookie Reply: How Do I Analyze Short-Term Rentals?

av Real Estate Rookie | Publicerades 3/13/2021

We’re asked a lot on how to analyze short-term rentals. Since short-term rentals have different expenses, rent estimates, and occupancy rates, running a short-term rental analysis may seem tricky at times. Both Ashley and Tony own short-term rentals and know the often overlooked costs of running a profitable getaway. If you’re still looking for the best way to analyze your short-term rental prospect, Ashley and Tony may offer some much needed guidance! Here are some suggestions:Understand your average nightly rate, occupancy rate, and annual expensesUse tools like AirDNA and Mashvisor Use Tony’s short-term gross revenue formula Try out the BiggerPockets Airbnb CalculatorKnow the permitting laws and fees of the area you’re looking intoAdd regular business expenses to your calculations (accountants, insurance, taxes, etc.)And more!If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE). Links from the ShowAirbnbMLSAmazontheyoungretireeby33 Check the full show notes here: https://www.biggerpockets.com/rookie60

Om Podcasten

Ready to build your real estate empire… but not sure where to begin?Think of us as your personal trainer.From detailed breakdowns of real-world deals… to one-on-one coaching sessions and a warm, welcoming community… hosts Ashley Kehr and Tony J Robinson bring on a wide range of guests to tackle the “newbie” questions you've wondered about but might be afraid to ask.Looking to 10X your real estate investing business this year? This show isn’t for you.Looking for your first, second, or third deal -- or envisioning a more modest portfolio? Step right up. Every Wednesday, we’ll arm you with the tips, tools, and roadmaps you'll need as you embark on your journey toward financial freedom.