Variable Expenses (AirBnb vs. Rental)

[Jason Porto]

I'm analyzing a property two different ways to understand the differences between renting out a property to a long-term tenant as opposed to renting it out on a short-term basis on AirBnb. I'm particularly interested in variable expenses such as maintenance and CapEx. Let's say I can rent it out for $1,500 per month for a long term tenant vs pulling in $3,000 per month on AirBnb. In this scenario, if I set aside 10% of the rental income for maintenance, and 10% for CapEx, I will be saving twice as much for each if I go the AirBnb route as I would for the long-term rental route. But, it's the same house right? Will I really be spending twice as much on maintenance and CapEx just because I'm renting it out on AirBnb? It makes sense that the vacancy and management fees will differ, but I'm less sure that maintenance and CapEx will. Does anybody have experience with this? Do houses rented on AirBnb have more maintenance and CapEx costs than one with a long-term tenant?