Short Term Rental Expense Ratio

[Mark Grozen-Smith]

Hi BP friends,

I'm looking at acquiring a property for use as a short term rental (STR) and I want to know what the typical expense ratio is for a STR. I know the benchmark for multifamily is ~30%, but I haven't found any benchmarks for any of the typical RE metrics/financial measures.

1) What are typical STR expense ratios?

2) Where could I find benchmarks for any other financial measures for STRs?

Yes, I know it will vary, but the benchmarks are helpful to know if I'm vaguely in the right realm here. 

Thank you!