Resources for Evaluating Properties

Several services and tools help potential investors and property managers evaluate the viability and profitability of properties in the best short term rental markets. These services usually consider factors such as location, property features, local rental demand, pricing, and competition to provide insights and forecasts on rental income potential. Here are a few notable ones:

1. AirDNA

  • Overview: AirDNA provides data analytics and insights for the short-term rental market, analyzing millions of Airbnb and Vrbo listings worldwide.
  • Features: Market Minder for market insights, Rentalizer for income predictions, and Investment Explorer for finding profitable properties.
  • Usefulness: It is particularly useful for potential investors and property managers to understand market trends, competition, and pricing strategies.

2. Mashvisor

  • Overview: Mashvisor is a real estate analytics tool that helps users find investment properties and optimize their rental performance.
  • Features: Provides insights on traditional and Airbnb rental income, occupancy rates, and investment payback balance.
  • Usefulness: Ideal for investors looking to find properties with high rental yield and occupancy rates in the best short term rental markets.

3. Rentometer

  • Overview: Rentometer specializes in providing rent comparison data to help users understand rent prices in a specific location.
  • Features: Offers rent comparison reports, analyzing thousands of rental listings to gauge the average rent in an area.
  • Usefulness: Useful for property owners and managers to set competitive rental prices for their properties

4. AllTheRooms Analytics

  • Overview: Offers comprehensive short-term rental analytics and market insights, particularly focusing on Airbnb listings.
  • Features: Provides detailed reports on occupancy rates, average daily rates, revenue, and booking lead times for specific properties or markets.
  • Usefulness: It helps property managers and investors understand the performance of their listings compared to the market and optimize pricing and occupancy.

5. Inside Airbnb

  • Overview: Inside Airbnb offers data and analytics on Airbnb listings, with a focus on helping users understand the impact of Airbnb on residential communities.
  • Features: Provides detailed listing information including prices, occupancy, and host details for various cities worldwide.
  • Usefulness: It is particularly helpful for assessing market saturation, pricing strategies, and local demand.

6. Rented.com

  • Overview:  Rented.com connects property owners with professional property managers and offers tools to maximize rental income.
  • Features: Offers a Revenue Management service to optimize pricing and boost rental income.
  • Usefulness: It can be useful for property owners looking to outsource management.