How to Analyze a Short Term Rental Real Estate Investment (Step by Step Guide for Beginners) 

Absolute killer content right here! Thanks for sharing the analysis calculator with us!

Love it!!! Thank you for this awesome video!

You're THE BEST, Tony. Thanks for sharing all of this info!

Love what you do guys … very well explained and entertaining

So thorough, You rock!! Thanks so much for the calculator as well.

Great info, thank you so much for sharing! Will definitely use this to analyze properties.

Love the video editing! Very professional!

Awesome breakdown! Purchasing my first Airbnb this year and your calculator has been so helpful in analyzing properties! Keep going guys.

Great video...really well explained! Thanks for the valuable content.

By far one of the best videos on the subject i've seen

Thank you so much you won a new subscriber!

Seriously great video. I appreciate all the info you are sharing.

Great video! Very informative and much appreciated

Great video - thank you!

Very Helpful, thanks.

Great video and thanks for the spreadsheet.

Fantastic! Thank you

Great and valuable insights

Great information! Thanks for sharing ❤

This is your best video my dude. If you could do more of exactly this that would be amazing!

Fantastic content, thank you Tony

Dude, I started following yall because I want to be in this busiess. Yall do a great job. I am learning. Trying to figure how to start

Omg! I was just asked to look at a property to see if it has potential and when straight to your youtube and found this video!! Thank you!!

Súper helpful, thank you!

Thanks Tony. This is amazing. I m falling in love with your content. Amazing content!

Amazing video! Thanks for sharing. Saw your video with Rob this morning and have already watched 3 of your videos. You and Sara are killin it!

Best channel ever!

EXELLENT, EXTREMELY INFORMATIONAL, EDUCATIONAL AND TOTALLY AWESOME PRESENTATION..ONE OF THE BEST I HAVE COME ACROSS. THANK YOU!

So helpful. Thanks man.

Thank you for the calculator ✅

great content man, thank you many times over

Very helpful, Tony. Thanks for making the calculator available also. Grateful. - Brian

Thanks man. Great info! From one Tony to another. Loving the vids.

Super helpful thank you

Thank you for doing this!

Thanks for the spreadsheet and info!

Great content & helpful tips. I am new to this as well & love to start something soon.

that was a very usefull practical real example demonstration . thanks for your video

Great analysis!

Hi Tony. Can you talk about how to best insure your short term rental for liability purposes as well as your advice on LLC’s? Thx

Good stuff. Thanks

this was fantastic

Great video and thank you for providing your analysis tool. Appreciate you sharing your learnings! What types of lenders do you find are best to go to for Vacation Rentals?

This video is super legit. Excellent for a newb like me.

Great content

Good information

I love the calculator but I didn’t see monthly supplies there. I know I can just put that in but I was curious on how much you spend. Thank you.

New subscriber here. Great info and got some new insights. Two notes though that I might question: 1) regarding insurance, I trip out on potential emergencies that could end up being huge liabilities so I’ve been looking at proper insurance which I’ve heard can be very expensive so that insurance figure would be a lot higher. Second, I would use a 1.25% tax estimate as the taxes will be reassessed when you buy the property. Apologies in advance if Zillow does that already but I wasn’t sure if it was doing that based on asking price or the existing owners amount. Thanks again

Thx for the vid.

Thanks. Good info. I've been trying to get my husband interested in rental properties that we can use as an STR most of the year. Of course it has to cash flow and this was a great description for how to figure it out

Such good info!

Great info, thanks

It’s just now a time of repeating the process and looking and practicing it. Thanks for this. I thought I wanted to be a fix and flip her but now that I’m heavily involved in it it is not something I wanna do moving forward. These general contractors make things horrendous. I’m going to go the route of Airbnb for sure

Thanks so much for the spreadsheet. I was looking for the other two tabs but did not see them. Has it been updated?

Ijust want to say thank you man.. i am out to start my journey in this soon and im just really excited about it all. Hope to catch on fast cause this seems like alot of fun. Definitely going to be watching all your videos. Ireally love how thorough you are at explaining in detail. Very easy to digest for the rookie/beginner. If you have any other resources that you can recommend where ican learn more of this or just make like some courses thats really "beginner friendly" and i will buy it as im sure others will to. Thanks again for the content, stay blessed bro 🙏🏽

Really excellent content!! How much is price labs? Think it's worth buying this if I'm analyzing deals to buy in any market?

Just found you guys. Third video in. Great content. Thank you!

Nicely done Tony! Clear and concise 👌

New here! Thanks for the info. I'm interested in this industry, so starting to learn. I believe another video you mentioned having around 10 properties, where are all located? I know CA and TN. Also, when people break your things or maybe even steal, you don't contact them for reimbursement, instead take it out of your maintenance budget? What made you guys get into the business, background story or did I miss the video on your beginnings?

To determine utilities you mention reaching out to airbnb hosts in the area. For this do you use forums or do you suggest just reaching out to listing hosts directly?

Excellent info. So now that you know how much $ you’ll need and how much it will make, how would you structure a deal with an investor partner?

Awesome content! The STR Analysis Calculator on your page doesn't have the "Rental Comps" and "Future Price" tabs. Shoud it?

New subscriber, sorry for all the questions! - If price labs tells you average occupancy in your area of interest (JT here) is 50-60%, why use 80% in your analysis? seems aggressive, esp coming off 2021.

Thanks for the very good info. My wife and I are thinking about doing an Air bnb. We have our own house (it has a mortgage) plus we inherited her parents house (no mortgage) which has 6 bedrooms and is located in the mountains near a lot of wineries and a major Equestrian center but I would not call it a major tourist area. It seems like a no brainer but is it as easy as I think (all we are paying on the house is taxes and utilities)?

Great video! Occupancy tax is another big monthly expense to factor in. In Waco TX we have a 6% state, 2% county, and 7% city occupancy tax.

What template did you use to build the analyzer? I tried downloading the checklist and the calculator, but both links lead me to the calculator. I'm really appreciating your video content!

Do you provide the form your showing?

Do you think AirDNA is worth the subscription or do you recommend another tool? Thank you!

Would you sign an apt lease to use for this short term rental income strategy?

This was the EXACT video I needed!! Thank you so much!!! Excellent job!!!! Thank you, thank you, thank you!!!!!

On the spreadsheet, what are the fields "user input" and "calculated" for?

Thanks Tony. Been loving the Real Estate Rookie podcast as well! What are some key differences between Price Labs and AirDNA? Do you use both, or do you prefer one over the other?

Do you change the Airbnb did codes each time?

Just saw your video. How do you identify the most profitable cities in a certain state? I live in MD.

How do you account for changes in the law cracking down on short term rentals? I'd like to invest but it seems that most major cities/states these days are increasingly enacting laws severely limiting the ability of people to own short-term rentals that are not also their primary residence. Curious to hear how you deal with that when it comes up/identify markets not subject to those laws/account for the risk that such a law might pop up in a place where you already own and operate an airbnb.

Thanks for the video!!! Question though. When looking at comps I can't seem to get it to show me the last 30 days. Only 365. I've changed it up top to 30 and it won't change down where I filter by revenue. Am I missing something?

Thank you. This was extremely informative and helpful. I noticed you didn’t include this fee for the property management company in your example? This would’ve been nice to see how it affect the bottom line.

Great video Tony! So when you went over insurance line item it got me thinking do we need a special insurance policy since it will be. A vacation rental?

I came from Robuilt - so thrilled to have found you 😆

Thanks for the content. I think you did a clear job. Have you analyzed a property that you don’t own? Using a rental property? I would be interested in seeing a long term leased property (similar to a commercial NNN lease) Sales list price in destination markets are too inflated. The high prices are not real when the market crashes. I never owned property that was under water. Moreover, I’m not a retail real estate investor. So I would never buy anything listed on MLS. Those are with few exceptions retail properties. I purchase properties off market or under market. If I find a property on MLS and pursue purchase it’s a distressed seller and willing to sell subto or seller financing with little or no money down out of my wallet or some other creative financing method. How is this business model in April 2023, after many destination cities have housing market crashes going on? In my sub market Austin City Limits, housing is crashing after the peak May 2022, and with 33000 new construction apartments units coming to market any day rents are going down also. My 2 cents.

Did I hear correctly that the rental averages just under $190/night plus $175 cleaning fee for an average of two days? Does the client see this billed as a single number or as two fees? Is there push back from visitors on this?

The checklist snd calculator won’t load for me

Hi I have been follow you I have 2 Airbnb in Orlando Florida but the slow season like now August and September are veryyyyy slow I lower the price is beautiful 3/ 2 Condominiums. What advise you can give me. Best regards

Hey Real Estate Robinsons. I'm a new subscriber; I saw you on The Robuilt Channel and thought I take a look, great info!! I'm working up to participating in Airbnb. Between you and Robuilt I think I'll have enough knowledge to make it work.

You and your lovely wife are very brilliant.

awesome

With all the data you were looking at, how did the 50% average occupancy rate go to 80 in your predictions? Did I miss something?

Hi Tony how can you pay10% down payment and 3,5% interest rate " isn’t 7% interest rate more practical, also who help you push trash can out and pull it back two times in a week. Thank you

Great video but you skipped over the PM fees. Why is that?

Great video! Do you have a preference for Pricelabs over AirDNA?

I entered the information to get the calculator and the email link never came to download.

Great video! How do you know that the property would average 80% occupancy though?

Great video. I heard you say that most of your properties you put 10% down. Are those conventional loans?

This is literally the most beautiful video I have ever watched.

How are you able to only put 10% down? I thought investment/second home properties require 20%?

I do have a few questions (possibly for another video). Do we need a property manager if our Airbnb is not in the same state where we live? Or can we manage long distance? What does a property Airbnb manager do? Does Airbnb offer that? Or do we need a real estate agent? How much do they charge? Is it worth it? Thank you so much in advance!!

What type of C.O.C return do you usually aim for on STR? Im looking to purchase a 3br/3bth SFR property near Disney in Orlando florida, P.P $360k, average nightly is around $150-$190, i used your calculator and punched in all the numbers and were able to get about a 25% C.O.C return. Thoughts?

Thanks so much Tony, this is Gold. Appreciate the calculator and the checklist

Solid gold 🪙. Amazing video 🤩

How do you take into account vacancy for an area that may not rent year round due to weather conditions?