San Francisco, CA · Member since 2014 · 161 posts · 26 votes
Which site (if any) do you recommend to evaluate the profitability of Airbnb properties to buy? I want to maximize ROI and cash flow. Mashvisor? Other site? Thank you!
Airdna.co (not .com) but buy their raw data, not the report, by zipcode(s). You can then sort it a number of ways. Worth the every penny! Then take that data and find your top 10 or so competitors and their rates & occupancy. Then run a cash over cash analysis to find your monthly mortgage nut, factor in furnishing, cleaning, maintenance etc... Happy to send you a small spreadsheet I created to do this, just PM me.
Matt Smith I doubt this would apply to San Francisco but would talk to the professionals that do vacation rentals. If you find one that's on the market (for sale) the agent will usually have a T12 from the management company. Weeks rented, revenue, costs, etc. so you can determine peak weeks/months as well as the rates. Odds are that if it's the same city then their peaks are your peaks and their lulls are your lulls. You can apply your rental rate for the subject property to theirs and at least have a percentage adjustment to worth with.
I know a former underwriter that is getting heavily involved in this space. I can't go into specifics but he and his partners will soon be the authority on AirBnB investment (with my input of course) :D
PM and I can make an introduction - he can give some pointers or possibly even evaluate some opportunities for you.
Airdna.co (not .com) but buy their raw data, not the report, by zipcode(s). You can then sort it a number of ways. Worth the every penny! Then take that data and find your top 10 or so competitors and their rates & occupancy. Then run a cash over cash analysis to find your monthly mortgage nut, factor in furnishing, cleaning, maintenance etc... Happy to send you a small spreadsheet I created to do this, just PM me.
@Matt Smith I also recommend Airdna.co. However, keep in mind that they only collect data from Airbnb, so details such as occupancy can be incorrect if the owner lists on multiple platforms (most do). It provides a great starting point for your analysis though!
I really recommend talking directly with other hosts. Submit inquiries to hosts in the areas you are looking at and ask if they'd be willing to share occupancy and financials. I know I'm personally always willing to share that kind of info and help people looking into that space, so I bet there are plenty of other people that are as well. I think it's always better to get info straight from the horse's mouth :)