Quote from @Glen Wiley:
AirDNA is very useful as one of your sources but their can't be used exclusively because there are gaps in their data.
We consolidate data from multiple sources when setting our STR nightly rates and when evaluating deals to buy an STR property:
1. AirDNA - we always buy the neighborhood data and comb through every single page of aggregated data.
2. We spend a lot of time looking up properties in VRBO and AirBNB to see what other hosts are actually offering.
3. Check facebook to see if there is a local STR operator group - those often have active conversations about the area.
4. Talk to realtors and local property managers, many are generous with the data that they have, you would be surprised at what they can give you.
Thank you, @Glen, very helpful! With respect to #1, do you need to be subscribed to the Basic Plan before you're able to purchase market data a la carte? If not, do you know the link to get to that section of Air DNA? I'm having difficulty locating it directly.
Thanks for #s 2, 3, and 4 as well. Much appreciated.
