Short-Term Rental Expenses & Management

[Jackson Madonna]

I wanted to know the differences or extra costs involved in converting a multifamily building into a STR. I was wondering why the STR numbers on the property I am currently looking at are so much better than the LTR numbers. I used AirDna to look at the regional STR market, and I factored in the cost of renovating and furnishing the units. To convert the units and market them, I would have to wait until the tenants moved out. But it would be greatly appreciated if someone could explain the extra costs to STR. Thank you.

P.S. If you're a STR property manager in the Atlanta area, I would love to connect and talk more.