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Updated almost 5 years ago,
How do you determine monthly revenue for a potential property?
I currently own a fourplex outside of Tulsa and I am considering buying a property in Kansas City (where I grew up) as a short term rental. Of course I will crunch the numbers to make sure that it works as a normal rental but how can I estimate what my monthly revenue will be as a short term? I understand location and bed count are the two most important factors and I should find similar properties when estimating, but do you have a specific strategy when making a purchase?