STR/MTR Rate Estimate from LTR Rent Rate

[Miller McSwain]

Are there any ROUGH rules of thumb for determining a STR or Mid-Term Rental from a Long-Term Rental rate?

For example, if I know a property can rent long-term for $1500/month, can I do x2 ($3000/month) for MTR and x3 ($4500/month annual avg) for STR?

That was just an example, but has anyone found any decent rules-of-thumb for this that I can use for the initial analysis?

Thanks!

[Luke Carl]

Use the enemy method. It’s on YouTube