How Do You Research Your Occupancy Rates In Your Area?

[Cole Simpson]

Occupancy plays a very important role for those wanting to generate a notable income from short-term rentals. It goes without saying that bookings are your bread and butter – having an empty, un-booked property is obviously never ideal.

In some cases, a low occupancy rate indicates that something is wrong with the property, such as its location or available amenities. In other cases, low occupancy rates may mean the facility is poorly managed by its existing owners or it is in an undesirable location.

The key is to always do your research first.

You can use AirDNA or rabbu and they will give you an average of the occupancy rates in your area. If you want more anecdotal reach out to hosts and buy them coffee, ask them about their experience (offer value, I’ll book your place when it usually wouldn’t be, etc) Hope this helps!

What about you? What data provider are you using for your occupancy metrics?

[Chad McMahan]

Quote from @Cole Simpson:

Occupancy plays a very important role for those wanting to generate a notable income from short-term rentals. It goes without saying that bookings are your bread and butter – having an empty, un-booked property is obviously never ideal.

In some cases, a low occupancy rate indicates that something is wrong with the property, such as its location or available amenities. In other cases, low occupancy rates may mean the facility is poorly managed by its existing owners or it is in an undesirable location.

The key is to always do your research first.

You can use AirDNA or rabbu and they will give you an average of the occupancy rates in your area. If you want more anecdotal reach out to hosts and buy them coffee, ask them about their experience (offer value, I’ll book your place when it usually wouldn’t be, etc) Hope this helps!

What about you? What data provider are you using for your occupancy metrics?

Cole,
the advice you are giving to investors is extremely unreliable.

Investors- either check the data manually from AirBnB (tends to be most utilized by landlords and PM's), or connect with an investment specialized local realtor that truly knows the market and the business. If the realtor gets their data from AirDnA, Rabbu or similar unreliable sources, this should be considered a red flag.