STR (Short Term Rentals) - How To Determine Occupancy Rates

[Daniel Beckius]

Here's the path I use to determine occupancy and rental rates for an STR (Short Term Rental) in any given market.

1. Log Into Airbnb & Vrbo Applications

2. Search the areas you're interested in buying in.

3. When you're searching, do NOT select a check in and check out date.

4. Select the properties that are the most similar to the style, size, bed, & bath count you're looking for.

5. Select the calendar for each property.  The calendar will show when there is an open date and when there is a booking for each month.

6. Divide the amount of booked days by the amount of days in the month and you'll have the occupancy rate (please note: for the most accuracy you'll have to visit each listing numerous times throughout the month considering there are cancelled bookings and last minute bookings.  Also, doing this over an extended period of time through the season changes)

7. 

[Bruce Woodruff]

Good info for all those newbies who come on here asking that question. My belief is that real-world research like this is far more accurate than AirDna etc....