Average Daily Rate and Occupancy Rate Data tools

[Nathan Olds]

Good morning everybody!!

I am looking to buy a lake front STR in Michigan for $200K. I'm from Michigan, I love Michigan, and this is where I want to buy an STR.

I can not narrow in on a specific local Michigan market because there isn't one that has enough properties that meet my criteria. Michigan has  a plethora of lakes and unique lake towns.

I am looking for a STR data and analytic service that offers me all of Michigan without spending a fortune.

These are the services I've looked into and what I've found:

Airdna: $599 annually for access to all markets globally

    - I only need MI and I don't want to spend $600 a year 

Alltherooms: You can only buy individual markets and according to them, MI has 979 different markets

    - I had been using Alltherooms to find ADR and Occ comps but they recently removed the ability to see occupancy rate from the free account

Mashvisor: $599.88 annually for access to all markets

    - I purchased the "Lite Annual Subscription" for $215.88 and found out that I don't have access to the data I want

Rabbu: Is free but only offers ADR and Occ data for a listing's next 30 days worth of bookings 

Airbtics: $149.95 monthly for 5 cities

    - Too Expensive for me

Does anyone know of a data and analytic service that will show me historical 12 months ADR and Occ for all of Michigan for a reasonable price?

[John Underwood]

Start a spreadsheet and pop in 6 or similar properties. Look at their calendars and their pricing. Then take an average of their occupancy and pricing. Use airbnb and Vrbo. 

This will be much more accurate data than anything you can buy.

When starting out undercut the normal pricing until you have some bookings. Concentrate on getting 5 star reviews on these bookings.