Analyzing Short Term Rental Question?

Question

Hope everyone had a nice holiday season and is staying safe.  I have been analyzing STR and using free AirDNA along with some tables that I was sent based on past years from AirDNA.  I have found what I thought were deals only to talk to some local STR investors/management companies to find out that the AirDNA data is heavily inflated.  Average of 20% less actual vacancy than what AirDNA is stating.

Is the subscription data much more accurate?  Also how does Mashvisor compare?

Just looking for some guidance.  I have also tried the enemy method but need a lot more practice at it.  Any advice would be appreciated.   Thanks have a Happy New Year.

Gerald Pitts · Answer

I haven't tried Rabbu, but have heard others mention it. It's free. The paid version of airdna is also worth it to me when it comes to investing a DP of five or 6 figures.  There's also the data included with a cheap Pricelabs subscription.

Bruce Woodruff · Answer

There is just nothing better or more accurate than comparing your target property to other similar properties in the same area. Look at future months for bookings and prices, esp holidays. This will give you exact data and it's easy to do.

Conner Olsen · Answer

@Robert Verdi AirDNA does not give a perfect estimate. I have heard from some that it overestimates and others that it underestimates. I think it's a good jumping off point, but it isn't consistent and I wouldn't trust it.

Robert Verdi · Answer

Thanks for the responses.  I will subscribe to a few and also do my own research to give myself a better idea of what the real numbers are.  Happy New Year thanks again.

Austin Drew · Answer

Robert, when I analyze the potential of a STR I use Airdna for a broad idea of what the surrounding area is doing, then I dive into the actual comps on Airbnb/VRBO to compare my property directly to what is in the area.

Justin Beasley · Answer

Focus in on a few markets. AirDNA is more accurate in some places than others. Hit the "find an agent" button and get connected with someone in your primary areas that can help you make a solid purchase.

Analyzing Short Term Rental Question?

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