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Updated over 2 years ago on . Most recent reply
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STR Investors / Property Mangers--AirDna, Mashvisor...Help!!!
Hi!! I would LOVE your input!!
I have spent the last week digging into AirDna, Mashvisor, All The Rooms, Price Labs etc (oh my!) and I would love your input! Which platform do you use to analyze a STR for you or your clients. Typically, I want to start with a high level look at the comps historical 12 months of Occupancy and Rental Rates. All the other fancy data is great but where can I get a comprehensive report showing the comps last years Activity. Right now I am doing it manually on Airbnb. Perhaps that is the best way?
I am a broker in Vail / Beaver Creek Colorado and after many years of my clients asking I've decided to open an arm of my business and manage their short term rentals. Rates and occupancy can change drastically month to month.
The problem that I have with Air Dna & Mashvisor is I can't remove comps that are skewing the data. Just like when analyzing a comp for Purchase, I want to just use comps in that same condo community or neighborhood when possible.
Thank SO much!! I appreciate this community! A drink on me when your in town skiing the answer to my dilemma ;)
Jamie
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- Rental Property Investor
- Tennessee Florida
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I just use the enemy method. All that third party data makes my brain hurt. I'll sit down with a scratch pad and airbnb/vrbo and spend a few hours taking notes. Eventually it becomes old hat. It's similar to long term really. a 3/2 with granite in any given school district will rent for about the same as any other 3/2 with granite in that same school district.
Be careful with Colorado. Tons of regulations.