Short Term rental question

[Jay Rogers]

My wife and I are considering turning a property into and Airbnb rental, and we’re looking for some beginner’s tips on the subject.

We know we’ll need to furnish it as well as supply cable and internet, and that we’ll have to find a service to “flip” it between a guests. What other expenses might we have outside of those and our mortgage? Any other “pro tips” would be appreciated as well.

[Paul Sandhu]

Replacing consumable supplies, repairs, lawn mowing.  Every now and then you'll have to clean vomit stains from the carpet.  Some people do illegal things and you have to deal with the police or find an unconscious and unresponsive overdosed tenant in you place.  I won't mention the things that prostitutes bring.  There can be underage drinking and parties going on.  Some people can use your house to cook meth.  

Other than all that, you should be good.