S1: E4 - How to run your numbers for house hacking 

In the video I mention that can use this frame work for running numbers on a short term rental but you need to make a few tweaks. Here are the tweaks that I would make: 1) Remove Vacancy from your equation. Online calculators that estimate short term rental revenue will factor in vacancy so it will be reflected in your income and doesn't need to be counted twice. 2) Under expenses: + Be sure to plan for all of your utilities + Add a line for disposable item replacement. Your kitchenware and linens are more or less disposable in a short term rental and will wear out much faster than at home. Budget to replace a few items per month and you should be ok. 3) Decide how you will handle seasonality in your equation. STR/AirBnB properties typically do much better in peak months and the income has a high degree of seasonality. I use the average income per month to run my calculations but you could also break it down month by month which will help for cash flow planning. Questions? Shoot me an email!