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Updated over 4 years ago on . Most recent reply

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Michael McFadden
  • Rental Property Investor
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Experience with airdna has anyone used this service ?

Michael McFadden
  • Rental Property Investor
Posted

Air DNA provides estimated AirBNB income assessments for a property including approximate daily rental rates and annual estimated occupancy. I am considering a SFH that is on a river as vacation rental. Air BNB is a consideration. Has anyone compared their experience with thus site's information? Is it reasonable/reliable?

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Jon Crosby
  • Investor
  • Roseville, CA
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Jon Crosby
  • Investor
  • Roseville, CA
Replied

Hi @Reese Newell and @Julian Sage,  just getting around to responding here, for some reason I'm not getting BP email alerts anymore for some reason.  : ).  

Thanks for the kind words Reese, glad I'm able to provide some help to others where and when I can, certainly not an expert but happy to share what I know from my STR and technology backgrounds. Regarding your question, I will assume you are referring to the Investment Explorer in AirDNA and to be totally transparent, I really don't use that. I'm much more of a Market Minder user as I'm really not comfortable with 'predictive analytics' in my investments. And I'm also not really looking for markets across the country, I have a few that I like to look at and then focus on specific smaller areas within those.

I like to use historical metrics to garner what others have done in the past, to come up with conservative estimates of ADR and Occupancy and then generate my own Revenue estimates from that in my modeling.  I use their API to pull down my data, strip out the cleaning fees and then recreate my ADR's as well, because like you mentioned that is a pass thru to the guest and muddies the waters a bit when modeling deals (although for those not able to do that, I usually just say to back out 15 - 20% of the ADR to get sans Housekeeping).  Obviously if you clean your own STRs then you would want to leave it in there though.  

Thanks for the insight @Julian Sage as I'm always interested in learning more about that platform overall. I will have to check out your podcasts soon! 

Cheers to you both! 

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