Estimating Utility Expenses for Short Term Rentals

[Seth Wiseman]

Hello everyone! I am looking into potentially making my current home into a short term rental on Airbnb once my wife and I make the move to a different residential home for some extra space. We are in Louisville, KY in a pretty up and coming neighborhood that has a decent amount of good comps for short term rentals. What I am wondering about is how to estimate utility costs if we were to make the move to making it a short term rental? How do people estimate their monthly electric and water/sewer bills? We obviously live there now and know what it costs for the two of us to live there full time, but I didn't know if it would possibly be less than what we pay currently since we would have an occupancy rate that wasn't at 100% every month. Thanks in advance!