What is your net income in STR’s?

[Thomas Weidner]

On your short term rentals how much of that rent do you actually put in your pocket? I understand some of the things you have to pay for such as utilities, WiFi, furniture. But what are some of the other costs associated with STR? A booking company??

[Avery Carl]

250-300k will get you a 2 *maybe* 3 bedroom in Pigeon Forge. You can expect to gross (true gross, all monies coming in) $45k ish for a 2 to $55k ish for a 3. I hesitate to give out net numbers as everyone's net is going to be different. Some people will spend more money on capex than others (whether needed or not), some will utilize smart thermostats to keep the electric costs down while some will not, some will hire cleaners that cost more than others. Some won't vet renters as well and have more maintenance costs due to damages etc. The list goes on and on. The best thing to do is to narrow down what the basic expenses are for a property, and work down from there to find what the probable net for your personal management style will be.