AirDNA or Mashvisor?

Question

Which or these platforms do you use to research properties? Both have nice features, but wondering what the majority of you use and why? I have decided on the area where I want to invest and I have several properties that I need to do a detailed analysis on. This will be one of the tools I will use.

Thanks in advance for your help!

Torrance

Thanks in advance for your help!

Torrance

Luke Carl · Answer

@Torey Chumbley

Brother! This question is asked very often and my answer is always the same. Use the enemy method.

https://www.biggerpockets.com/forums/530/topics/818478-determine-how-much-an-str-will-make-using-the-enemy-method

Melissa Bovee · Answer

I have only validated the data from mashvisor on the property I ended up purchasing. The revenue it showed for the property matched the records I received from the previous owner. I’m not sure how others have validated the data. I also don’t know how you would validate the aggregate data. In my market there is a wide range of prices and seasonality based on location and property type. The most useful thing for me was to be able to get individual property IDs and analyze which properties were out performing, then study the listings to find out why. This helped me significantly in setting up my listing and deciding what projects were worth it for my renovation.

Melissa Bovee · Answer

It sounds like you haven’t used Mashvisor much. If you have a property pulled up, it will spit out a full cash flow analysis specific to that property for STR and LTR. All the expenses and income are filled with data from their model, but you can overwrite the numbers with your own. You can sort all mls properties by STR CoC return or LTR revenue or any other thing you want. You can also export the LTR or STR data for the market to a spreadsheet for whatever offline analysis you want, or to do research on the most profitable listings. Everything I needed to analyze and purchase was there for me with mashvisor. For Airdna, it was more high level data about an area and didn’t seem as useful to analyze each potential deal.

Melissa Bovee · Answer

Mashvisor. You can get all markets for a year for about the same price as a few months of one market on Airdna.  I also like the property analysis. It will throw in estimates for income and expenses, but you can override as you do more refined research.

Torey Chumbley · Answer

@Melissa Bovee

Thanks Melissa! Mashvisor does seem to be a cheaper option and a little more user friendly too. I also like that they include the MLS listings for the area I am searching in

Frank Calderaro · Answer

@Chris Elkendier @Melissa Bovee thank you for the input.

Chris Elkendier · Answer

@Frank Calderaro Mash is not accurate at all. I have both products and never use Mash. I only use AirDNA. It is easier to use and more accurate. I wish I could get a refund on my lifetime subscription of Mash... AirDNA is so much better.

Frank Calderaro · Answer

@Melissa Bovee

How accurate have you found mashvisor to be on STR income projections?

Torey Chumbley · Answer

@Melissa Bovee

Mashvisor is offering a 7 day free trial right now. Sounds like it has enough of the features I need to be worth trying out for test drive.

Ryan Moyer · Answer

How do you even use Mashvisor for STRs?  It seems much more tailored to long term rentals.

I have the lifetime subscription to it and I never really use it.  AirDNA seems to give back so much more data.

As best I can tell on Mashvisor the STR side of things seems just kind of tacked on.  It looks like there is just an extra tab there you can click that shows you all the AirBNB listings in the area with a little graphical representation of how booked up their calendar is.  Is there more to it that I'm missing?

AirDNA or Mashvisor?

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