Short Term Rental+ Long Term Rental

[Elijah Bryant]

Is it possible to cash flow on a 5+ 3+ bath in utah county area? 

Have a long term renter in basement and airbnb the top part for 10 months out of the year? 

[Bobby Souza]

As everyone mentioned above, you'll want to estimate potential gross income and total expenses. From a short-term rental perspective you're looking at one-time fees like furnishing & tech and then monthly expenses such as: mortgage, insurance, utilities, property tax, HOA if applicable, cable/internet, OTA fees, maintenance/capex, software subscriptions, supplies, cleaning fees.

Tools I use to analyze deals for short-term renting: Airdna, Rabbu, Pricelabs Market Dashboard. I suggest using at least two different tools/sources to get a good idea of the overall market (macro), the potential occupancy and average daily rates. Always use Airbnb to vet out the numbers by looking at comps: see pricing, cleaning fees and availability.

Hope this helps. Feel free to DM if you have any additional questions or want to dive into this further.