Updated over 5 years ago on . Most recent reply
Running Comps for Air BnB
How do people comp Air BnB income for a house they are buying that would potentially be used to rent on that site? Is there an online scraper tool that pulls sales data from neighborhoods? Do people just guess?
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@Greggory Kowalkowski as you can imagine, the industry has evolved with a number of tools that provide market data on occupancy, revenue and all kinds of metrics for vacation rentals. AirDNA has been around a long time and can provide an idea on income for a specific unit by scraping websites. We use Key Data Dashboard, a much more precise tool which actually pulls the data from participating property management systems. AirDNA is probably sufficient for the initial exploration phase. We manage and market 80 units in the Orlando market, which is one of the most competitive markets in the US with over 65,000 vacation rentals. It's also (normally) a very high demand area, so with the correct decor, marketing and pricing strategy, homeowners can still expect to yield far more than they would with a long term rental. So my advice would be do your homework, crunch the numbers but don't write off vacation rental investments :)