Potential AIRBNB Property Analysis

[Julia Sauceda]

Hello Fellow BP members!

My husband and I spent some time this weekend looking at potential airbnb properties in Hudson NY.  We've done a fair bit of research on costs and expected income and have made some local connections with RE agents, banks, and even fellow airbnb hosts who shared their experiences with us.

My biggest question is how to properly analize one of these spaces.  A lot of traditional analytical templates, p&l sheets I found online don't really factor in some of the unique nuances of short term rentals like this.  I just want to make sure before we pull the trigger, that we are 100% comfortable with the numbers, and I can't say that right now.  I found one site (learnairbnb.com) which does have a tool like I've been looking for, but it's geared towards a tenant looking to rent their space on airbnb....weird.  

Does anyone have experience analyzing a property like this(doesn't need to be in Hudson), and if so, are there any tools you have found that would be helpful?

Thank you!!!