AirDNA Reports and Rentalizer

[Brandon Mendez]

My wife and I are considering purchasing our first rental property with the intent of utilizing it as a short term rental property through Airbnb. It is a studio unit in a condo building that allows short term rentals. A major concern for me is that we don't know the annual average occupancy rate and the annual average price per night. I purchased a report from AirDNA for the zip code the property is located in and used the Rentalizer tool on their website in an attempt to gain better data to analyze the potential purchase. Based on these tools, my expectation is that the property will break even or cash flow up to $4,000 per year. Looking at other Airbnb rentals in the area, they seem to do better than AirDNA's data suggests, but I know I don't get to see the actual price a room is booked for. Does anyone have any experience with the AirDNA reports or the Rentalizer tool? If so, how does the AirDNA analysis compare to your results with your short term rental? Thanks, Brandon

[Michael Greenberg]

Hi @Brandon Mendez

I have significant experience with Airdna's data.  The first thing I would do is call them and request to buy their raw data in excel format (they might even credit you back what you have spent already) for the zip code(s) you need.  I don't buy their standard reports because it's not a deep enough dive for me.  I can send you a sample of the data your receive if you want to PM me.  I have found their data to be very accurate.

Mike