How accurate do you find AirDNA?

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John UnderwoodPro Member
Investor · Greer, SC · Member since 2014 · 13k+ posts · 17k+ votes
4y

Not accurate at all.

I doesn't take long to manually check your competition to get the numbers you need for free.

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  • John UnderwoodPro Member
    Investor · Greer, SC · Member since 2014 · 13k+ posts · 17k+ votes
    4y

    Not accurate at all.

    I doesn't take long to manually check your competition to get the numbers you need for free.

  • Dave StokleyBusiness Member
    Property Manager · Cleveland, OH · Member since 2015 · 705 posts · 799 votes
    4y

    In most cases they're decent approximations. However almost everywhere is going to be at least somewhat seasonal, so if it says $300/night at 66% occupancy you probably shouldn't expect that to be consistent across 12 months. 

    More importantly, I think you really need to use the paid subscription to dig into the comps and make sure they make sense. 

  • Realtor · OK · Member since 2020 · 139 posts · 165 votes
    4y

    I would add that it depends on the market and how well the property is managed. I like airdna as a base line and then I can refine the estimates:

    1.Running comps in AirBnB for nightly rates, you can use Mashvisor to help make this quicker.

    2.Reaching out to the owners of comps to ask how they did for revenue/their occupancy numbers.

    3.Ask a local agent to pull the property and comps up in the MLS. Sometimes listing agents will upload revenue and cost to own sheets. This is not public data so working with an agent here is a plus.

    Check out the enemy method by Avery Carl on YouTube too. It may help you build your own system.

  • Rental Property Investor · Bow, NH · Member since 2016 · 216 posts · 185 votes
    4y

    @Ryan Cleary

    In my market a dart board is probably more accurate. I am getting 180 a night consistently and their rate is 62....

  • Rental Property Investor · Pinehurst, NC · Member since 2016 · 3 posts · 1 vote
    4y

    There's inconsistency and inaccuracy with the aggregates provided by both Mashvisor and AirDNA. 

    @John Underwood hit the nail on the head. 

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