Newbie here. Just want to know if and what services do you recommend to use when looking at properties for possible income if doing STR. I am talking about AirDNA versus mash visor etc or any other method. Any feedback is appreciated. Thanks in advance.
Property Manager · Gatlinburg, TN · Member since 2020 · 3k+ posts · 4k+ votes
11mo
I would never rely on a third party dataset to analyze a deal. Go to VRBO and look at comps in the area. Rates, occupancies, amenities, and do some math. It will take you a few hours, but that's better than the few years it might take you to recoup your losses based on some software program.
AirDNA is right some of the time. But I am looking at a clock right now in my office that needs winding, and it's still right twice a day, too.
Real Estate Agent · Worcester, MA · Member since 2024 · 107 posts · 45 votes
11mo
Interesting, I didn't of the others aside from Airdna. Airdna helps with the baseline but know if you have strong ameneties like hot tubs, you might crush the airdna comps.
Real Estate Agent · Louisiana · Member since 2017 · 215 posts · 148 votes
11mo
I use AirDNA mainly but always compare with AirBNB & VRBO directly. In addition, Pricelabs, Rabbu & local FB groups. I find AirDNA to be the most accurate when comparing with my current listings. Once you get above $50,000 I find it skews slightly.
I’d recommend starting with AirDNA for solid short-term rental data like occupancy, ADR, and revenue estimates. Mashvisor is good too but leans more toward long-term analysis. You can also cross-check with AllTheRooms or Rabbu for comps and revenue projections. I like using a mix to compare numbers before diving deeper.