STR Analysis on BiggerPockets

[Joseph Hossenlopp]

Hello! 

When analyzing a vacation property, I have been looking at comps on AirBnB, VRBO etc, and using 150 days/year, to figure out the rental income.  Do people do that, or use the monthly income, like a LTR, using the Rent Estimator on BiggerPockets?  Any advice would be helpful!

[Sarah Kensinger]

You can't use LTR income at all to analyze a STR. Not only is the income 2-3 times more but it's a completely different modal. Check out the free version of Airdna, STRinsights, and Rabbu to find numbers and comps on a STR. Then I usually confirm those numbers by a quick search on Airbnb and VRBO. Then of course you need to break down monthly expenses and find your COC return, to find out if the property would be cash flowing enough to make a good STR. If you need any help going through the steps to analyze a property, feel free to reach out!