how to find good markets(under$100k) for short term rentals

[Account Closed]

BP!

I'm looking for US markets that have a low cost to entry (SFR or multi for under $100K per unit/"door") yet have a strong potential for short term rentals. What data sources can i use to determine this? Any recommendations?

Thanks!

[Michael Hastings]

@Account Closed, there are tons of sources for this.

First, I would listen to BP Podcast # 229 with Zeona McIntyre (if you have not already), she speaks to her success with short term rentals, and discusses how she found her properties.

Next, I know of two sources that I use for research:

1.  Mashvisor, which pulls in MLS data from most metro markets, displays the properties and gives you an analysis as to how much you can expect from the selected property either as a long term landlord or short term landlord. They are free for demo and have a monthly cost if you continue with them after 5 days.

2.  AirDNA, which also provides you with analysis of properties across the markets they service.  They have demo data available for Nashville TN, but there is a cost associated with getting their info for your desired marketplace.  They also have a free service called rentalizer, that allows you to enter any address and if they have info for it, they can guesstimate how much you may get as a AirBnB landlord.

There are a lot more sources and blogs dedicated to this, so a search on google for "airbnb best markets" can give more details.

Hope this helps!