Math for short term rentals

[Archimedes Jao]

How do I do the math for short term rentals on the bigger pockets calculator? I am stuck on what to put down for the monthly rent part of the calculation. Thank you.

[Kevin Pillow]

I know it’s tricky because STRs are seasonal but I just use AirDNAs rentalizer. Then I multiply the occupancy rate the rentalizer tells me but the total number of days in a year. For example: occupancy rate x 365 = total days rented. If the estimated occupancy rate is 65% then total days rented is .65 x 365 = 237 days retendes. The last step for me is to multiply 237 days x Average Daily Rate. 237 days x $450 = 106,650.