Can I outperform AirDNA and Rabbu Data with unique property and amenities???

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Definitely consider other options besides just AirDNA. Get local market experience from other investors and agents or property managers. Plus, just by listing yours and gauging interest you will see what it can truly make. If it's a premium product and it stands out and starts booking fast - then you are priced too low.

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Absolutely. Doing things to stand out is definitely the way to go right now. There was a time during the revenge travel boom where getting an average listing and spending the least out of pocket was a decent way to maximize revenue. Now it's the opposite, as there is a huge oversupply of average listings and you really need to stand out in terms of amenities and the property itself.Of course, as more and more people realize that (as many many already have) what was once "stand out" will become "average", and be less advantageous. We're seeing this a lot in the Disney area where a "regular" home used to be average and a mid-tier themed home was "stand out". Now I would say a mid tier theme home is "average" and to standout you have to have really over the top theming (which is becoming more and more average by the day).

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Right agreed! I am also not leaning on OTAs alone and will be fully marketing my property (I am a marketing professional by trade) so I think that could help as well, vs throwing it up on an OTA and letting it sit.

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I think everyone agrees here you def can! We often beat AirDNA for our clients by not only providing a superior product but also listing on 14+ sites (and direct booking marketing) as well as using good pricing software. Best of luck!

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1000%. You are now in the hospitality business. If comps look like motels but your property looks like a 5-star hotel - you'll earn MUCH more. Investors often overlook attention to detail on furnishings and amenities - to their peril. Kudos to you for putting more effort, energy, and capital towards your stay, I'm sure you'll be happy you did.

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However, if you're not in an ideal location or have fewer amenities than your competition it might be difficult to do better than the comps. That's why it is so important to research the local real estate market and get a detailed understanding of what homes like yours are selling for. Understanding the local dynamics can help you make sure you are pricing your property correctly and maximize your return on investment.

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Hey @Melissa Thomas, well, I agree with some of your ideas. EV chargers are something you could offer. Not sure how that will add to your bottom line seeing as just about 3% of the cars on the road are EVs. Before adding a hot tub, make sure you have the infrastructure (cleaners) in the area to support it. Hot tubs needs to have the water swapped per guest (from what I have read here on BP). With the local market being more basic cabins, I wouldn't go nuts on finishes. Too overboard can possibly turn off some guests. They might think it is too fancy for them and stay where they usually stay. You will have to find a nice balance. Something nicer than average but not over the top.

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Thanks! The place came with a basic hot tub thankfully and no extra out of pocket for me there, and I have worked out details with my cleaner already so we are all set there thankfully! Agreed, its, not anything luxe as I mentioned but better. We do get a lot of traffic from larger cities, mainly Chicago so hoping to appeal to some of that crowd with the EVs (not that all of Chicago has EV's or anything not making assumptions) but we get a good pull from larger cities

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Hey @Melissa Thomas, sounds like a cool place!I agree with everyone on making it nice as a standout.Have you looked at all the other listings nearby on AirBNB and VRBO to compare how you will look? What is their nightly rates? What kind of amenities are you talking about? What are others offering?AirDNA and Rabbu are algorithms so they are basing their info off what is in the area. That can get skewed. For example, I am not meeting AirDNA's nightly rate. That was because we were lumped in with some large log mansions on the lake. Our lake house is nice, but not 13k sqft and 4k a night. AirDNA priced us at $1250 a night. That is way over what we charge and what I felt, based on comps, we should rent for.

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First I don't trust these comps because they can't drill down to specific comps to make sure they are your true competition. So yes if you have a great property that has a great location, views and amenities then you should absolutely be able to do better than these estimates.