All Forum Posts by: Joshua Furrow

AirDNA 

Quote from @Saranya Sundararajan:

Quote from @John Underwood:

Vrbo and Airbnb. 

Just look at the competitions calendar.

 Is this only if you have listings on airbnb/vrbo?

No, you just go on there like you're looking to book and start looking at people's calendars and pricing. To be honest this take A LOT of time and your search would need to be based off a very similar property that you would be possibly purchasing. I do it myself but don't use it as the main source of research, I feel it's pretty hard to narrow down exact numbers that way. Airdna is pretty good, and they have a free trial rentalizer, but remember it's looking in the past. Although some lenders do use Airdna to project the income of a STR property and decide if they'll loan on it, so that says a lot! Rabbu is also another good place to look. It's a free website that looks 30 days ahead in airbnb/VRBO sites and calculates the data off of those potential numbers. 

AirDNA is good but comes at a cost. What has helped our listings if using Pricelabs to adjust the daily rate in comparison to the local market but also comes at cost ($20/month first listing)

Quote from @John Underwood:

Vrbo and Airbnb. 

Just look at the competitions calendar.

 Is this only if you have listings on airbnb/vrbo?

Depending on market some municipalities share the info on the internet. One example is the City of Pigeon Forge. 

Vrbo and Airbnb. 

Just look at the competitions calendar.