Specialist · Los Angeles, CA · Member since 2017 · 16 posts · 1 vote
BP!
I'm looking for US markets that have a low cost to entry (SFR or multi for under $100K per unit/"door") yet have a strong potential for short term rentals. What data sources can i use to determine this? Any recommendations?
@Account Closed, there are tons of sources for this.
First, I would listen to BP Podcast # 229 with Zeona McIntyre (if you have not already), she speaks to her success with short term rentals, and discusses how she found her properties.
Next, I know of two sources that I use for research:
1. Mashvisor, which pulls in MLS data from most metro markets, displays the properties and gives you an analysis as to how much you can expect from the selected property either as a long term landlord or short term landlord. They are free for demo and have a monthly cost if you continue with them after 5 days.
2. AirDNA, which also provides you with analysis of properties across the markets they service. They have demo data available for Nashville TN, but there is a cost associated with getting their info for your desired marketplace. They also have a free service called rentalizer, that allows you to enter any address and if they have info for it, they can guesstimate how much you may get as a AirBnB landlord.
There are a lot more sources and blogs dedicated to this, so a search on google for "airbnb best markets" can give more details.
hi @Michael Hastings! Thank you for the really helpful tips! I did listen to #229 recently and agree a lot with her approach as a semi recent airbnber myself. I didn't know about these websites, which are fantastic. thank you!