Need you opinion on going from long term rental to short term

[Suhaib Rehman]

Hi everyone
I own a single-family home in Folsom CA. It is a 4 bed 2 bath house built in 1990. It has been rented out as a complete unit for 3 years now. 
My problem is that this house has a negative cash flow.  Mortgage is 3400 while rent is 3200. This excludes 800 a month in property tax. I have not included the insurance which is about 1500 a year.  As you can see, I lose an average of 1100 a month over this house.

I am wondering if a short-term rental could be a better choice for me.  The house is in a great school district. It is for this reason I bought the house but my family does not want to move there.  

How can I reliably calculate the potential income from the house if I switch to short-term rental?  

Thanks

[Noah Laker]

Hey Suhaib, I'm a broker and investor here in Sacramento and I manage about 100 Airbnb properties. Your negative cashflow problem is very common. 

Here's the deal: You cannot do short term rentals in Folsom unless the home is your primary residence. However, there is a workaround with a creative rental model. I learned this from some investors down in LA. Happy to share :)