Getting comfortable with the numbers - First time STR Investor

[Eric Coats]

I'm looking at a cabin that I think would make a great STR. What are some ways investors are getting comfortable with the average monthly income (e.g. nightly rent and vacancy) in an area?

[Eric Coats]

So I have been intrigued with the services that Awning has offered, it seems like a pretty good model. I haven't moved on any listing there because, they seem to be more single family homes versus multi family, but I did find they have this great tool that estimates STR pricing. https://awning.com/airbnb-esti....  I used it and actually found a property I was looking at specifically so I could verify the rents and occupancy.  I found the tool to be really excellent.