Air BnB analyzing tools

[Mauricio Quintana]

BP Community,

Those of you involved in short term rentals (Air BnB, VRBO, Home Away etc), what tools do you use to analyze if this property would be in a good area?  Is there a filter within any of these apps (or a 3rd party app) that will tell you how many properties are listed in the area, occupancy rate, etc.?  I see many shows on TV now about short term rentals and they always have tons of data regarding the above.  I'm assuming they are getting this from somewhere with relative ease.  Anyone have experience in this field?  

Thanks in advance

[Myka Artis]

You can use AirDNA but the honestly the best way is to get on Airbnb and run comps just like a realtor. Compare the place you are looking to places that are already listed on Airbnb. Match the number of bedrooms, number of guests, bathrooms, etc. Check their calendars to get a glimpse into their occupancy rate. Honestly with short term rentals and with them being banned in many places throughout the nation I would check laws first especially if you are looking to buy a property. Property owners are the ones being hit first by short term rental bans. If you're in Houston you may be safe for now but they are one of the cities that has failed to accept tax payments from Airbnb. That's just something to watch out for. 

Good luck on your STR journey.