I have gathered and purchased very useful Airbnb data on a zipcode level. The data can help with peple interested in finding their next market to invest in, be used to see how you are doing in your zip by bedroom type and more. Glad to announce that this data recently helped close on our 5th STR residence all doing very well.
Rental Property Investor · Castle Rock, CO · Member since 2017 · 335 posts · 387 votes
8y
I spent a lot of time looking at it and I do find it to be a good comparative tool, i.e. comparing returns in one area with another. But where it fails is that it's only looking at AirBNB data. In some regions, ABB is King and so it's good information. But in areas where VRBO rules and ABB holds a small market share then you're relying on a small subset of the available data and so it's accuracy across that market is dubious at best.
BUT, there is one area where I think it excels, no matter the market or area. You can look at the top performing properties and see what they're grossing. Now you have a target. Duplicate their place, their amenities, their location, their prices, and you ought to be able to make the same revenue. I don't know of another place you can get that unless you have a buddy who will open his books and show you his numbers.
Real Estate Broker · Columbus, OH · Member since 2016 · 181 posts · 244 votes
8y
I agree with Tim Schroeder, it only looks at ABB, not the full market. I also agree that looking at top properties is the most valuable piece of AirDNA. It shocks me though how inaccurate a lot of their revenue numbers are. I manage 18 listings now. There are 2-3 of them that are deadly accurate as reported by AirDNA, then there are 10 or so that are off by 10% - 20%. Then there are 5 or so that are off by over 50% compared to what AirDNA reports them as.
I have one property that has multiple listings at the same address. There is a glitch in the AirDNA system that double counts all those bookings, and it false reports my revenue as $55,000 when it is actually about $27,000. So just be weary of that glitch when evaluating properties with multiple listings at the same address.
I agree with Tim Schroeder, it only looks at ABB, not the full market. I also agree that looking at top properties is the most valuable piece of AirDNA. It shocks me though how inaccurate a lot of their revenue numbers are. I manage 18 listings now. There are 2-3 of them that are deadly accurate as reported by AirDNA, then there are 10 or so that are off by 10% - 20%. Then there are 5 or so that are off by over 50% compared to what AirDNA reports them as.
I have one property that has multiple listings at the same address. There is a glitch in the AirDNA system that double counts all those bookings, and it false reports my revenue as $55,000 when it is actually about $27,000. So just be weary of that glitch when evaluating properties with multiple listings at the same address.