Implementing a "per guest" model can be difficult as guests are incented to lie about how many people will be staying.

I'd recommend you really spend time defining your typical tenant and that you back out of the per/rm student model.

Strong due diligence and modeling should include occupancy projections on (at least) a yearly basis for the life of the hold.

Redfin has a great business model for the owner not the employee.

I focus on buy and hold long term rentals, but I've explored the airbnb model for several of our properties, and I'm a (painfully) frequent user....my input is limited, but here goes: - if I were you, my first step would be to study up on the local ordinances around short term rentals.

Originally posted by @Max Petrov:@Nick B.For me it takes much more longer) You  need to develop a model of a good deal and then just compare what you see with that model.E.g., your good deal may be priced at $80/sqft "all-in" in the submarket where retail houses are priced at $110/sqft and rents are above $1/sqft.You need to know these numbers before looking at individual properties.

Hi @Matthew Simmons, our entire business is based on this model and it's what we do 95% of the time.If you're interested in learning how to build a business around this model, shoot me a PM and I can give you some things to check out.Hope that helps,Chris Pre

It's an awful model that falls apart after year 2, 3 or 4.

For modeling purposes, I'd plug in 18% annual increases on your flood insurance.

Property management is almost a money loser to have as a business model.