AirBnb Data Analytics - Lake Livingston TX

[Jessica Lindner]

Hi all, considering buying a property in Lake Livingston, TX as a short term/Airbnb rental.  I have seen AirDNA and a few other sites that have historical analytics data.  Are these sites any good?  Is there one that is better than the others? Since Lake Livingston is a relatively small market area I am not sure these sites will be much use...?

Thank you!

[Bruce Woodruff]

Originally posted by @Account Closed:

Originally posted by @Bruce Woodruff:

I don't get why people would pay to use sites like AirDNA when all one has to do is go on AIR or VRBO and do your own searches for comparable listings. You can find out so much more it seems......but maybe I'm missing something.... :-)

We can't assume we understand the used Ford F-150 market because we saw one guy trying to sell his on the side of one road for $25,000. 

No one would do that. When you go to AIR or VRBO and search within , let's say, 5 miles of your house, with similar amenities and size, you can easily find usable comps. You can also search different dates to see if they are actually being rented, in other words are they getting their asking price consistently?

So.... if you find that the top 10 (or 20, or 30) places that are very similar to your place are being rented for, let's say, $125 per night in June....Bingo. At least that's enough research for me, some people may want to research this to death, that's their choice. I still can't see how it's necessary.

As a matter of fact, your own research may be the only that is valid. The metrics that a certain company uses are most likely based on the way their brain works...they may not give you what you really need at all. It would be like getting all of your news from MSNBC (or ?) and assuming that you now know what's going on in the world. You actually would have no clue what is going on......

I still have no idea why one would use an Air DNA type service, it's waaay too easy to get your own results and probably more accurate. But thanks for attempting to explain :-)