Short term rental help

[Kenny Robbins]

Hello,

So I have 2 properties in Missouri and wanted to branch out specifically into the short term rental market. My main concern is cash flow. I want to cash flow if possible 1k or more from each property I would buy. 

Is this too aggressive? 

I have been talking to realtors but no one seems to know about str and data for it. Looking if numbers exist to grab a pm since I am ok with out of state. 

I live in San Diego but looking into Tennessee, lake havasau, big bear, Arizona.

Location is not of a concern just hitting the cash flow as this would be a business endeavor moving forward. ANY help would be great. THis is a new space for me and would like to understand what’s possible and where is it best possible achieved! Thanks guys.

[Michael C.]

@Adrienne Green

We own and operate 20+ properties exclusively for short term rentals in Philadelphia and Pigeon Forge. You should easily hit $1k+ in free cash flow in the Smokys especially if you self manage it.

I would recommend AirDNA and KeyData for market data when you are underwriting specific deals. I’ve found them to be the most accurate.