Air DNA can anyone tell me about this service

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Air DNA can anyone tell me about this service

Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes

I am looking for a replacement for a 1031 I have been posting about it for a few weeks now..

I am considering doing a STR on it. I just popped on to Air dna but you cant get much info unless i guess you pay for it which is fair..

But one thing that comes up is a score which for my sub market I am looking at was an 83.. So my question is .. is that good or just average or poor.. ???

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John UnderwoodPro Member
Investor · Greer, SC · Member since 2014 · 13k+ posts · 17k+ votes
6h

AirDNA isn't super reliable. It might county a mobile home because it is nearby or a poorly managed property.

Google the Enemy method and watch a video on how to manually go check the competition on Vrbo and Airbnb.

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  • Jay HinrichsBusiness Member
    OP
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    7h

    @johnunderwood @collinhayes

    Any help would be appreciated on my question. thank you.

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  • Khaled El DorryPro Member
    Casselberry, FL · Member since 2016 · 111 posts · 54 votes
    6h

    I own 2 STR's that are doing well and use airdna ($600/year)

    the value for me is in 2 areas.  It had the ability to show you the the top performing properties in that market and to me that's more important than the market itself. I'm in the smokies and I think it's rated 89 if that's point of reference for you but the top performing proprieties are where I get the most value when I'm buying.

    the swing value I get is in the property score compared to competition . I keep tabs (revenue, occupancy l, etc...) on 6-7 competitors just to make sure I'm positioned well 

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    • Jay HinrichsBusiness Member
      OP
      Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
      6h

      maybe if I had some context on the 83 number.. now I know the smokies are one of the top STR destinations in the US so at 89 on the surface an 83 could be pretty good or if the score starts at 80 and goes to 100 would not be that good.

      I am not looking to this as a business I have personal use baked into this and its just a place holder until my 2 year 1031 lock up has sunset then it will just be a second home unless the running of the STR is easy and no stress.. I dont really need it to make any money. its just I am rolling a rental into this and the rules require 24 months of renting it in some manner. my thought to is to give the most bang for the buck IE its a brand new construction on the high end of the market there so have it the lowest priced unit so It does see some revenue.. And then I can use it the 14 days a year for my fishing adventures I like to do and I guess use it when I have work to be done on it..

      the main reason I ask is if 83 means its going to be tough to get any kind of occupancy then I can just rent it by the month for 2 years and call it macaroni :) thank you for the thoughtful reply.

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  • John UnderwoodPro Member
    Investor · Greer, SC · Member since 2014 · 13k+ posts · 17k+ votes
    6h

    AirDNA isn't super reliable. It might county a mobile home because it is nearby or a poorly managed property.

    Google the Enemy method and watch a video on how to manually go check the competition on Vrbo and Airbnb.

    1Reply
  • Jules Aton
    MD/DC · Member since 2024 · 1k+ posts · 1k+ votes
    5h

    I suspect there is some wiggle room with the 1031 occupied criteria but will leave that to the legal guys. Since it is a consumption item I would focus on finding something you like which will no doubt be a solid purchase that can be resold easily and also likely with appreciation. Those things will be second nature to you based on your background and intuition. In my experience the prediction tools have their limitations and as someone with only 2 STRs I have not found them to be especially valuable or relevant.

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