AirDNA for Lender/Appraiser Comps

[JR Woolf]

Has anyone ever had any luck getting a lender or appraiser to use AirDNA to come up with STVR comps for underwriting purposes? I have a STVR in an area that is ripe with vacationers but I have no idea how strong or what the long term rental market is like. We are trying to acquire a new property to use as a STVR and the lender is wanting data regarding long term rental rates in the area as part of their underwriting - obviously to offset the cost of the mortgage. I have 2 other STVR's in the area and have given them the info concerning those and what they each pull (easily enough to cover the cost of the mortgage on the new property) as well as the STR history of the property we are looking to acquire (once again easily enough to cover the mortgage). I think that AirDNA would provide a more accurate picture of the market since we will be using the property as a STVR and hope to convince the lender/appraiser to see it the same way.... wondering if anyone else has ever dealt with this.....

[Luke Carl]

2 years tax returns showing your STR 1099 or 75% of a Signed Lease. Otherwise it's a commercial property. Which it is not.