STR start up considerations

[Stephen Girard]

Hello BP friends, I found a deal that would be great for short term rentals, this would be my first time analyzing the deal and I do not want to over think it as well as leave anything out.

I have checked the air dna web page and have a general idea on what to expect from an established rental.

I also have gotten an insurance quote. I have read on the Airbnb page about their insurance but will I need to insure the property in addition to the provided coverage from Airbnb?

Ive seen on other discussions to expect to pay around 5% of the booking on fees, how accurate is this?

How much would you estimate to furnish the apartment/house? What is the middle and high end costs? Themes or neutral?

Thanks in advance