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Updated almost 4 years ago,
Looking for good data for STR investment in S Florida
Hi everyone,
We're looking at properties in South Florida for a possible STR. Tough market for sure, but we have time and wanted to be within driving distance for our first property. I'm trying to get data and looking for good sources.
AirDNA is telling me avg occupancy in Ft Lauderdale for STRs is 61%, but I'm kind of skeptical. Listings I see on Airbnb don't look even 30% booked after the season. AlltheRooms says 53% for FtL. I also found InsideAirbnb.com and their numbers are worse... 31% estimated occupancy. They have a negative stance on Airbnb though.
I'm sure the numbers are an average, but want to make sure I'm not missing anything. Have you guys found better sources or you do you just conservatively guesstimate based on AirDNA? Any help would be appreciated. Thanks.