How to Analyze a Short Term Rental/Airbnb Property for Investment

[Isaac Fridmann]

Hi BP Fam,

I know this question has been asked a lot but I haven't been able to get a clear direction. I'm looking to invest in a STR. I'm trying to analyze the deal but this is where I've hit a road block. I see a lot of members mentioning two methods:

1) AIRDNA. I was about to sign up but saw mixed reviews on the forums. Would really like to know if it's even good as a guideline.  

2) Checking manually on Airbnb for similar properties nightly rate and occupancy rate.  From what I've seen, it's only possible to get data for 2-3 months into the future. How do you determine the properties performance for the rest of the year? 

If there are any other methods/videos you recommend, I'd really appreciate all the input I can get.

Thanks in advance!