All Forum Posts by: Stephen Park

Thanks everyone for the great insights. Regarding AIRDNA & how we're using it. We used AirDNA to try and short-list neighborhoods on Maui we'd like to operate in. Cross-indexed against neighborhoods we enjoy the most to actually spend time in when in Maui. 

Went on AirBNB and VRBO and actually used their calendar features to try and validate the overall trends & occupancy on what would likely end up being comps for the property types we're considering. 

One thing I've been disappointed in AirDNA about -the "revenue vs mortgage payment" feature to try and identify best cities is pretty weak. From what I can tell they assume all houses in the same ZIP have the same purchase cost. I agree that feature is pretty misleading. 

One of the things I was trying to convey (poorly) in my original post is that the # of units available according to AIRDNA has basically doubled in the last 24 months. That's alot of new supply. I suppose this could be just a bunch of management companies finally getting on the AirBNB wagon and not a true conversion from LTR to STR though.

Thanks again to everyone who wrote back I think we have enough data to make some decisions here :) 

Thanks Lucas for getting back. 

Regarding your point on AirDNA under-reporting actuals, I have some thoughts to share. Most folks now are synchronizing their VRBO and AirBNB calendars. So, if a booking is made on VRBO, within a day or two the AirBNB calendar would be updated to show that booking even though it originated on the other site. So, I think the AirDNA #'s could be closer than one would first suspect in this case. Does this make sense to you or you know different? Put another way (and part of the reason I'm asking), AirDNA is showing at least 70% occupancy for most properties but I think this is reflecting all booking sources -AirBNB, VRBO, even the property's on-prem property management company would show up here?

Hello,

My wife and I are contemplating doing a STR in Maui. We have done some preliminary research on AirDNA.co and it looks like Napili region is strong at the moment. There are some older properties there we'd consider picking up, re-habing and then letting in the STR market. We're evaluating properties in the $400-500k range and targeting 10% of purchase price additional for rehab. 2 bedroom condo / apartments seem to be what's on offer.

I'm wondering from people who are currently doing this in the area, what the occupancy trends look like right now? I am starting to see some articles on the web around saturation for AirBNB in core markets: 

https://skift.com/2017/11/15/airbnb-growth-story-h...

FWIW AirDNA is showing a pretty steady increase in the supply of units in the last year. 

Can anyone with concrete knowledge of current market conditions share some insight? 

Hello,

My wife and I are contemplating doing a STR in Maui. We have done some preliminary research on AirDNA.co and it looks like Napili region is strong at the moment. There are some older properties there we'd consider picking up, re-habing and then letting in the STR market. We're evaluating properties in the $400-500k range and targeting 10% of purchase price additional for rehab. 2 bedroom condo / apartments seem to be what's on offer.

I'm wondering from people who are currently doing this in the area, what the occupancy trends look like right now? I am starting to see some articles on the web around saturation for AirBNB in core markets: 

https://skift.com/2017/11/15/airbnb-growth-story-h...

FWIW AirDNA is showing a pretty steady increase in the supply of units in the last year. 

Can anyone with concrete knowledge of current market conditions share some insight?