Which market analysis platform to start with?

[Susannah Nation]

New accredited investor who's still narrowing down markets. Which platform or subscription is the best investment as I start to drill down into the numbers? PriceLabs? AirDNA (pricey!)? Something else?

I don't have anything to list, and I want to be able to research many locations in different states. Thanks, folks.

[Michael Baum]

Hey @Susannah Nation, I would start using the Enemy Method. If you have some ideas on where you want to buy, start looking at other rentals in that area on AirBNB and VRBO.

See what they are charging for nightly rate, what is their occupancy and amenities they have. How many places are there doing STRs?

That will give you a solid start. Then you can add AirDNA or another to see how it looks. Remember that they are simply algorithms. More data in equals better results.

You could also try Awning.coms estimator. It is free. Just plug in the address of a property and it can give you some reference and estimates.