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Updated 7 months ago on . Most recent reply

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Carlos Lopes
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Short Term Rental Gross Income

Carlos Lopes
Posted

Curious what everyone here has been averaging on STRs in the Destin/Ft Walton area? 

Some of the profits and losses I’ve been seeing in certain properties have been significantly lower than Airdna projects, with only a handful being in the projection range, and maybe one or two exceeding. 

So what’s been your average annual gross for a 2/2 beachside? 

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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied
Quote from @Carlos Lopes:

Gross income doesn't matter.

This is the number most people post, and it's 92.7% useless.

What you need is NET income, meaning the money left over after all expenses, and that should include a dollar amount for your personal time spent operating the business. 

  • Nathan Gesner
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