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Updated 12 months ago on . Most recent reply
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Best analyzing tools for MTRs?
Hi, I am trying to see what the best tools are for analyzing mid-term rental comps, rental prices, average occupancy rates, etc for MTRs in my area? I've heard about AirDNA and Mashvisor. I need to do a bit of research to figure out what areas I need to focus on for my property search. I intend to do rental arbitrage to start and then eventually purchase. And naturally I want to focus on areas that provide the highest profit potential.
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@Kesha Hamilton To find my midterm rental rent rate, I start with long-term unfurnished rents and then x that rate by 1.4-1.65, depending on the season. I then compare this to Airbnb listings in my area. If my medium-term rental sits for 2 weeks with no interest, it's too high. If it gets 3 hits in 10 hours, it's too low. It's a bit of art and science.