MarketMinder allows you to look at any short-term rental market and it will provide you with data such as: Tools like these will become an invaluable part of your arsenal - providing you with data you need to make investment decisions, as well as information on your existing properties to see how well you perform against the competition.ĪirDNA has a couple of tools available and the one we’ll focus on here is called MarketMinder. In this review, we will focus on AirDNA, which was one of the first tools on the market and have, since, built itself up into quite a resource. and Abroad - Airdna, AllTheRooms and Mashvisor. There are 3 tools in the market that provide you with comprehensive data on various markets around the U.S. In fact, these days you can gather information on all of the other short-term rentals in any given market, get a handle on their occupancy, average daily rates, total revenue on a monthly basis, overall market size, and much much more.Īrmed with this information, you can confidently evaluate markets on a macro level as well as a neighborhood or zip code level, as well as predict how any particular property is likely to perform. There are now excellent tools on the market that can extract data on all short-term rentals in every market, slice and dice it, and present it to you in a meaningful way. Short-term rentals would oftentimes be considered a tad more unpredictable because the data to analyze them would be harder to find.įortunately, that is no longer the case. With traditional long-term real estate market, estimating what a particular property can generate from rent is fairly simple as that information is abundant and public.
As short-term rental investor or property owner, having access to data is a critical element of being able to make thoughtful decisions and reducing your risk.
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