Has anyone used BNBCalc?

[Serena Cheung]

Hi, I am looking for STR rental analysis. Recently, I came across BNBCalc. Anyone has used it and can comment on the accuracy of the tool?

Thanks!

[John Underwood]

There are sine good STR analysis spreadsheets that have been posted on here previously that you can search for and download.

One of these is all you need to run the numbers.

You'll need to find occupancy and nightly rates to plug in. You can easily check the competition and get that info.

[Sarah Kensinger]

BNBCalc is becoming quite well known and used along with Airdna. I've only briefly used BNBCalc, but I've heard long-term STR operators that have underwritten thousands of properties, say they would only use BNBCalc along with Airdna.

[Serena Cheung]

Thank you both!!

[Michael Baum]

Hehe, I just tested in on our lake house. Pretty funny actually.

The overall revenue wasn't far off, but it had our best month as February. Seeing as it is usually about 20 degrees and the lake is frozen I kinda think that is off. 

[Andrew Steffens]

I talked to the owner, he is a Tampa local.  I believe I remember him telling me that the data is pulled from AirDNA

[Martin Koch]

Quote from @Andrew Steffens:

I talked to the owner, he is a Tampa local.  I believe I remember him telling me that the data is pulled from AirDNA

 This is correct, they pull data from Airdna

[Brian Barch]

when I punched in my address, it estimated 47% occupancy, which is WAAAAAY low.  But then, my actual cabin was listed as a comp with 79% occupancy, which is very accurate, albeit the nightly rate was about 15% too high.

Like most of these services, they don't do a good job distinguishing between owner stays and guest stays, my property included

[Parker Place]

Hi Serena. I'm Parker, founder of BNBCalc. We use data from Airdna as well as Airbtics, MLS data for tax savings and property info, and also long term rental comps data.

If you try BNBCalc.com you may notice there’s percentiles. We use company’s data to estimate revenue percentiles, but I still recommend looking at our comps table to Benchmark similar properties and their revenue. 

Some benefits we offer that others don't is monthly pricing, tax savings, customizable expenses, and long term rental comps. We built BNB Calc because our team is STR investors ourselves, and the tools out there lacked these other features needed for thorough due diligence.