Hey @James R., we have a 2700sqft 4/3 lake house.We charge $250 to the guests and pay $300 to our cleaner.Now we are out of town by about 36 miles so the cleaner has to drive an hour each way so she charges us more. 

Also looking for R E Agent / Investors form out of state to give me some insite of your market. 

Hey @James R..

Check the competition manually on Vrbo and Airbnb to get the most accurate numbers possible.Google the enemy method if you don't know how to do it.

VTSTRA has a (slightly outdated) list of town ordinances: https://vtstra.org/regs but that does not even get into some of the crazy proposals being tossed around at the state level, like an additional 10% STR tax (atop the 9% M&R + 1% local options tax already in place in many communities). https://legislature.vermont.gov/Documents/2024/WorkGroups/House%20Ways%20and%20Means/Short-term%20Rentals/W~Kirby%20Keeton~Short-term%20rentals%20draft%20language~3-13-2024.pdf

Is there anyone that knows the BRRRR method that can advise? 

This needs to be addressed quickly and methodically. 

My Milwaukee clients aren't using that method, but as you know it can help with closing deals quickly.

Quote from @Kumar R.: One of the homeowner who recently joined our STR portfolio said she got 6.25%.

Here's a simple method: https://www.facebook.com/share/v/L3rQkN4K5teAtk3r/Do this enough times and soon you'll be analyzing properties in your head or on a napkin.