Tips for Underwriting STRs

[Shaun Fogleman]

Looking to get into my first STR in the next few months out in the Knoxville/Oak Ridge/Gatlinburg area(s)....I understand getting average daily rates, occupany rates, mortgage, saving for maintenance/CapEx. Are there any other expenses that I should be accounting for or any way to verify that what I'm analyzing is a solid deal? I've been using AirDNA, BnBCalc, and Rabbu for help analyzing as well. Any tips would be great, thanks!