Accuracy of Pricelabs and/or Airdna Market Analysis

[Calvin Berstler]

Hello, I was wondering if anyone could share from recent *experience* how accurate a Pricelabs, Airdna, or other market analysis software has been for them for estimated annual income? I KNOW there are a lot of factors to consider, but I just wanted to hear any examples anyone could share from their own personal experience when making a STR investment decision in an area (ie. Pricelabs Market Dashboard in a certain area predicted a 2bd/2ba in a certain area could make $35K/year with 65% occupancy, was that spot on for you or deviated plus or minus $10K).

Although thoughts from people with no experience is appreciated, I was hoping to hear from individuals with actual personal experience making a STR/MTR investment.

Thank you!

[Andrew Steffens]

We tend to beat the projections with the combination of effective revenue management + listing on 15+ platforms.  This is for airDNA, which we use.  I would not recommend the free version as the number it generates could be skewed.  We use it as a starting point.  If I want to run a 3/2/2 pool house in Clearwater I enter it and then examine the comps (it gives the links to comps in paid version).  From there I can see if they are true comps, or adjust up or down based on if they are inferior or superior.