All Forum Posts by: Russ Christensen

Hey @Russ Christensen, you could give Awning.com's analyzer a try. It is free and pulls the same data as AirDNA.

https://awning.com/airbnb-esti...

I don't think that these algorithms are perfect, I don't think they are terrible. It is going to depend on how many places are in an area to compare.

I would use both. When I got started I only used the Enemy Method of searching AirBNB and VRBO and it worked just fine. AirDNA had over estimated our nightly rate by 3x.

If your serious about purchasing a STR airbnb/vrbo is not enough to analysis the property. Airdna has some trial free tools that you could use for the time being and there is Rabbu. Like mentioned good tools aren't free, and paying a little bit to make sure your investment is sound is worth the money.

Hey @Russ Christensen, have you read this forum at all? There are quite a few tools out there to analyze an area.

Just look at VRBO and AirBNB to see what listings are going on in a specific area. What are their nightly rates, occupancy and amenities? That will give you a general idea of are performance.

Use the enemy method! Search the platforms in your area, find comparable properties and see what their occupancy is, ADR, etc

The Short Term Shop provides free Airdna data for their markets. Or can be less expensive if you can find multiple other investors to go in on a subscription with you. Also Rabbu is free as well and Airbnb now offers a free estimator. Which ever data source you use, take them all with a grain of salt. Average them out

Vrbo has great analytic tools built in.

Hey @Russ Christensen,

Welcome to the crew!  I'm also an investor/agent here in Utah.

I got my start in real estate investing through the local REIAs (real estate investment associations).  There's UVREIA (Utah Valley), SLREIA (Salt Lake), UTREIA (also Salt Lake), and NUREIA (Northern Utah).  I'd recommend joining the ones closest to you, networking a ton, and learning as much as you can!

My big break came when I became so active at NUREIA that I ended up getting elected to the board, then I became the president years later.  That opportunity and networking really kicked off my portfolio and it can do the same for you.

Good luck!