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305: The Rookie’s Guide to Analyzing Rental Properties and Airbnbs in 2023
Real Estate Rookie
How to Analyze Short Term Rentals
There's some overlap, obviously, between what Ashley just explained when she's looking at long term rentals and what we'll be doing with short term rentals. When you're analyzing a property as a short term rental, specifically when it comes to the income, there are three kind of key pieces of information that you need to understand. You need to understand your average daily rate, which is also called your ADR. With short term rentals, you have variable income on a monthly, weekly, daily basis that you needto account for.
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