How do you research vacation rental income in your area?

[Ryan Hilbun]

I think there's a good opportunity to invest in vacation rentals in my area. I own a condo in Mesa, AZ that I rent out as a SFH. Recently the new Cubs Spring Training Facility was built within walking distance, they rehabbed the park next to it and shopping/dining is very close. I've noticed lots of new properties on Airbnb in the area so I've been considering converting the condo into a VR.

I haven't had much luck researching what kind of income or occupancy rates I can expect.

Please share how you conduct your research for potential VR's.

Anyone in the Phoenix area using Airbnb or any of the other sites, have you had success? Please share your experience.