All Forum Posts by: Jodi V.

Hi @Katharine Gonzalez ! Yeah for sure, we purchased in Panama City Beach just east of Pier Park. We are loving the area when we visit and our guests seem to really enjoy their time there too. There are a lot of tourist attractions and the beaches there are incredible. All the best with your search! 

@Michael Baum Yeah absolutely! I agree and honestly, looking at the other listings was probably more helpful for actually setting our nightly rate. For us, Air DNA was mostly used for seeing occupancy rates and seasonality as the listings don't really show you that. (If the owner blocks off 3 months for themselves in low season, it might show as booked on Air BnB even though it isn't). So in order for us to make the investment and take that leap we wanted to know what occupancy looked like in different seasons, and if there was still money to be made. Air DNA helped confirmed that for us. 
However, since buying in the area and learning for ourselves, we wouldn't use AirDNA in the future unless we were looking in a totally new area. 
Thanks! :) 

Hi Wesley, 
We own a STR in Panama City Beach! In order to set our pricing before going live with our listing, we looked at data on AirDNA and then also looked at comparable units on AirBnB and VRBO. Usually if you select just weekend dates, you can see what hosts are charging for weekend nights vs weekdays. We charge about $10-20 more / night on Fridays and Saturdays.
I agree with what another commenter mentioned above, when you publish your listing on AirBnb you will be given the option to give a 20% discount to the first 3 bookings. I would suggest doing that rather than lowering your rate. It will encourage people to book and will hopefully get you some good reviews. 
Welcome to the area & all the best with renting out your condo! 

Hi Michael, 
We used AirDNA and upgraded to the paid subscription in order to access all the data for the area where we were interested in purchasing our short term rental. As stated above, I believe AirDNA works great for areas where there are a lot of STR properties. We were able to view a lot of useful data, and since purchasing our property and renting it out, I can attest that the data on AirDNA was reliable. Our monthly averaging rental income is exactly in line with what we forecasted based on AirDNA's data.
Hope that helps! :) 
(I will note: we stopped our paid subscription after a few months as it had served its purpose --which was just to give us data to make the initial decision whether or not to purchase a property for STR in that area).