Market and listing analysis

[Mike Francis]

Where can one learn a systematic way to evaluate markets and properties for STR? It feels like information overload!

[Andrew Steffens]

I agree with Ian above, this is an art and a science.  I use AirDNA to evaluate properties and markets.  First with the market, it gives good macrodata.  From there you can drill down on properties that would be in your range and use the platforms like Airbnb to check on the health etc.  The art is seeing if you can do the same if not better than what the average people are doing in that market.  Also, thinking outside of the box can help avoid issues.  For example, I remember Boise was all the rage during COVID.  A lot of people bought thinking it would continue to grow and prosper.  The reality ended up being it was a fad market, people went there because social distancing was easy and it was a new place to explore.  The novelty wore off after COVID and their market crashed.  That is why I like to invest in markets that have a track record of success.