Short term rentals on coast

[Ben Kirchner]

Does anyone have experience with short term rentals? I'm in discussion of some condos on the coast. I've been told some condos are getting $1200 per week to rent. Certainly a better return than even many very good cash flowing long term rentals, even with 2/3 of the year having a lot of vacancy.  Are these numbers realistic?  Are there resources to analyze these numbers (such as a rentometer-like site).  Any other sharing on experiences within this realm are appreciated.