STR revenue projection questions

[Michael Steimle]

Hello BP! I am a general contractor that is beginning to investigate income generating property investment. I have no issues analyzing long term rental deals because it straightforward to forecast stable rental income. However I am struggling to find STR income data that I can trust when making decisions related to purchases in the millions of dollars. Is AirDNA reliable? Do they provide any type of guarantee on the accuracy of historical data? Is there an independent data clearinghouse out there somewhere? TIA

[Jodi V.]

Hi Michael, 
We used AirDNA and upgraded to the paid subscription in order to access all the data for the area where we were interested in purchasing our short term rental. As stated above, I believe AirDNA works great for areas where there are a lot of STR properties. We were able to view a lot of useful data, and since purchasing our property and renting it out, I can attest that the data on AirDNA was reliable. Our monthly averaging rental income is exactly in line with what we forecasted based on AirDNA's data.
Hope that helps! :) 
(I will note: we stopped our paid subscription after a few months as it had served its purpose --which was just to give us data to make the initial decision whether or not to purchase a property for STR in that area).