If you want to start making money in real estate through Airbnb, you need a tool to help you succeed. But which is better: AllTheRooms or AirDNA?
Table of Contents
- What Is an Airbnb Calculator?
- AllTheRooms: Full Review
- AirDNA: Full Review
- AllTheRooms vs AirDNA: Summary
- Mashvisor Airbnb Calculator: The Better Alternative
- AirDNA vs Mashvisor: Is Mashvisor Better Than AirDNA?
Airbnb is indeed a good choice for investors. Since its launch in 2008, Airbnb has been causing a stir in the hospitality sector, providing travelers with more affordable accommodation alternatives. The platform has also rocked the real estate sector in some ways as it opened the eyes of homeowners to the profit potential of a short-term or vacation rental business.
Like all other businesses, Airbnb suffered a sharp decline in sales during the pandemic but has rebounded since.
Short-term rental properties have proven to be a very attractive investment option. But before you enlist your property with Airbnb, be sure to evaluate the market. At what rate should you rent your property out? Does the occupancy rate affect your property’s monthly rental? How do you make a profit out of it?
If that sounds like too much number crunching and you’re not up for it, don’t be disappointed. There’s always an Airbnb calculator to do it for you, like the one that Mashvisor has. It can help you make accurate and realistic projections on your return on investment so you can make wiser decisions.
That said, we will talk about two of the more common Airbnb data platforms and how they stack up against each other. We’ll also take a look at Mashvisor’s very own Airbnb rental calculator and compare it with the other two.
So if you want to find out which Airbnb calculator is the best for you, read on.
What Is an Airbnb Calculator?
Investing in rental properties can be quite lucrative and financially rewarding. That is, as long as you put in the hours to do your homework. There are a lot of things to consider when it comes to finding the right rental property.
You need to take a look at the neighborhood and how its short-term rental market is performing. Having access to vital real estate market data will allow you to make a proper investment property analysis. Analyzing this data is crucial in knowing whether a property is worth buying or not.
One of the tools that will help you with data analytics and property evaluation is an Airbnb calculator.
An Airbnb calculator is an investment property tool that generates vacation rental data projections. It processes several vacation rental market data and provides investors with comparative market analysis (CMA). The process can be done in just about 10 to 15 minutes instead of the three or four months it would take first-time investors to do the same analysis manually.
Based on the CMA, investors can determine if a potential investment property can bring a favorable return on investment. The tool may be used by first-time investors and experienced hosts of vacation rentals to help them make informed decisions for their rental properties.
Several Airbnb calculators are available online. This article will review two of the most popular Airbnb calculators to give you an idea of a better option. AllTheRooms vs AirDNA, which will it be for you?
The Benefits of Using an Airbnb Calculator
Real estate investors like you will find that using an Airbnb calculator before making an actual investment has several advantages:
- It gives you a more accurate estimate of a property’s profitability as a short-term rental home.
- It gives you a better insight into how you can optimize your existing vacation rental property.
- It can help you figure out the best location for your investment strategy.
- It will allow you to see what other rental properties are going for and how much they are making.
- It can help you find out your potential cash flow based on the actual income and expenses in a specific area.
As an investor, knowing these things will help you make investment decisions that you won’t later regret. Using an Airbnb calculator along with data analytics will allow you to leave nothing to chance and minimize human error compared to working on it the conventional way using spreadsheets.
That being said, let’s take a closer look at AllTheRooms and AirDNA in the next section.
AllTheRooms: Full Review
AllTheRooms pioneered the one-stop-shop short-term rental data search engine. It claims to have the broadest coverage, including hotels, homestays, opaque inventory (e.g., Hotwire), free accommodations (couchsurfing.com), and other types of accommodations.
The comprehensive listing offers more options for travelers, vacationists, and short-term tenants while providing homeowners, investors, and property managers with a better profile of the Airbnb market in a specific area.
The software features three major services: market intelligence, competitive intelligence, and vacation rental score. These aim to help you determine if your property and its location are appropriate for short-term rental.
AllTheRooms’ analytics do not stop at determining the rental income you can potentially gain from your property; they also keep you updated on the market and help you locate properties that are undervalued but potentially profitable investments.
Here’s a closer look at AllTheRooms’ features, analytics, and all.
Market Intelligence
This specific AllTheRooms feature gives you access to short-term rental data and market insights. With just a few taps on your device, you will have information on the occupancy rate, average daily rate (ADR), revenue, and listing. You will also find a two-year trend that gives you an idea of seasonality and where the market is headed.
With this feature, you can make sure that the market gives you enough elbow room to move into it and earn a decent profit, especially if you are eyeing smaller cities. You can find out what the demand for short-term rentals in that market is.
Market Intelligence also estimates the occupancy rate. The default data displays the occupancy rate in your chosen location for that month, but you can also view the occupancy rate for the past one to two years.
Beyond the occupancy rate, listing, market prices, and ADRs, there are other factors to consider, and all these are found in AllTheRooms, whose beauty lies in its comparison tools. You can see the movement of key factors as another factor increases or decreases. For instance, you can check out the effect of the rise and fall of inventory on the occupancy rate.
Competitive Intelligence
AllTheRooms offers a comparison between your property’s performance and that of your competitors in the same location. Knowing how you fare against the competition will help you identify and address areas for improvement to competitive gaps.
At this point, analytics is important in the game.
Vacation Rental Score
Speaking of analytics, AllTheRooms gives your property a score based on its analysis of income, bookings, and reviews. The score allows you to study how you are managing your property and make tweaks to it to increase the score.
Because of its competitive intelligence feature, you may peek into your competitors’ scores and, from there, find out what they are doing better than you. It could be the amenities, or it could have something to do with your listing’s booking lead time. Whatever it may be, you can use these insights to improve your investment.
AllTheRooms Pricing Plan
You have to sign up for one of AllTheRooms’ following plans, which are renewable monthly and may be canceled at any time.
If you are just starting and want to test the software first, you may sign up for a free plan. You may select from two other plans if you want to do a more in-depth market analysis: the Basic and the Pro plans, priced at $19 and $49 per month, respectively.
Meanwhile, companies involved in financial services, property management, real estate, and tourism may contact AllTheRooms for a quote.
AirDNA: Full Review
To continue with our AllTheRooms vs AirDNA review, we will now talk about the latter.
AirDNA is one of the more popular vacation rental data and analytics providers. It has a roster of tools to help Airbnb hosts and investors engage in profitable investment properties.
It has Market Minder, which hosts most of its services, such as extensive market research and an automated vacation rental pricing strategy tool, to name a few.
Aside from its wide range of tools, AirDNA also boasts a vast network of over 50,000 customers, around 1 million partner properties, and more.
Like AllTheRooms, AirDNA offers a scoring system based on several factors, such as customer satisfaction, instant bookings, reviews, and many more. If you score high enough, your property can earn a Gold Property Status. Having this will put your property at the top of guest searches done through the AirDNA website.
AirDNA Rentalizer
Of the many tools AirDNA offers, we will focus our attention on AirDNA’s Airbnb Profit Calculator, the Rentalizer.
Using data obtained from more than 10 million combined Airbnb and VRBO short-term listings, Rentalizer makes an accurate estimate of the earning potential of a vacation rental property anywhere in the world.
The calculator provides insights on the ideal time to buy or sell a property and estimates your property’s return on investment based on several factors, including seasonality and others that are provided by good-quality data analytics.
By simply entering an address, the number of bedrooms, bathrooms, and guest capacity, the Rentalizer will provide estimates for your annual income, ADR, occupancy rate, and your property’s appreciation or depreciation rate. It collects a list of properties within the vicinity and organizes them according to relevance.
Property listings with similar attributes as your property are given more weight in Rentalizer’s calculations. Short-term rental demand, revenue growth, and seasonality also weigh in during the profitability calculation. An apples-to-apples comparison enables a more accurate estimation of the earning potential of a property when you decide to list it as a full-time rental.
Uses of the AirDNA Rentalizer
The AirDNA Rentalizer is not just useful for your initial venture in the vacation rental business. It is also useful for anybody involved in the short-term rental business. It can help you find out if your property will be profitable if you list it as an Airbnb property. The Rentalizer is a handy tool for you, regardless of where you are in the vacation rental landscape.
Real estate agents can impress and persuade their leads and prospects into buying a vacation rental property as they present to potential buyers a property’s income potential.
Individuals who own a second home and contemplate having it rented out can get help from the Rentalizer to determine if it is worth converting the property into Airbnb.
Investors who intend to get another property for a short-term rental can also benefit from Rentalizer’s ability to estimate the Airbnb return on investment.
AirDNA can also be integrated with VRBO and Zillow.
Is AirDNA Accurate?
As far as analytics go, AirDNA claims data accuracy as its number one pillar, but is it accurate? Users seem to be divided when it comes to this. Based on an AirDNA review, the platform updates its rental database every first week of the month, which means the data they provide may not be real-time.
AirDNA Pricing Plan
AirDNA adopts a tiered pricing model that is based on the market size. Registration is free, but you have to sign up for the appropriate tier or level.
Level 1, which is for a market with less than 100 clients, costs $19.95 per month. Level 2 is intended for a mid-sized market with 100 to 1,000 active listings and is pegged at $39.95 per month. Finally, Level 3 is priced at $99.95 monthly, ideal for a large market of over 1,000 active listings.
Meanwhile, companies may ask for a quote through AirDNA’s enterprise solution team.
To start using AirDNA Rentalizer, you must subscribe to the appropriate subscription plan. You may cancel the subscription at any time.
Once you have an AirDNA account, you can link it with your Airbnb and VRBO accounts to pull up data and produce comprehensive analytics.
AllTheRooms vs AirDNA: Summary
Below is a summary of the pros and cons of choosing between AllTheRooms vs AirDNA:
AllTheRooms Pros
Here are some of the reasons why you would want to choose AllTheRooms over other similar software:
- More affordable pricing plans. AllTheRooms’ free plan is a great motivator to try out the software.
- No subscription lock-ins. AllTheRooms’ monthly subscription provides affordability and flexibility to the users. Furthermore, users may cancel the subscription at any time.
- User-friendly service
- Offers good market data analytics
AirDNA Rentalizer Pros
Here are some benefits of going with AirDNA:
- A broad range of data was used in the analysis, contributing to data accuracy
- Many analytical tools and services, all of them user-friendly
- Provides property analytics
- Wide network, enabling the service to provide a more comprehensive data and market analysis
AllTheRooms Cons
As an investor, these are the things that will limit your experience with AllTheRooms:
- Limited network
- Lacking property analytics
- Set up fees that increase with market size
AirDNA Rentalizer Cons
Some of the things that you might find unpleasant with AirDNA are:
- More expensive, especially for smaller hosts and investors
- Some users doubt the accuracy of its data
- No automated pricing options
In the above AirDNA vs AllTheRooms comparison, AirDNA is a better option with only the cost strongly going against it.
Cost is a practical consideration, especially when you are a first-time investor. Similarly, the community’s divided views on AirDNA’s accuracy leave much to be desired. So, are there AirDNA alternatives? One of them is the Mashvisor Airbnb Calculator.
Mashvisor Airbnb Calculator: The Better Alternative
If you comb the internet for the best Airbnb calculator, most of what you’ll see is an AllTheRooms vs AirDNA matchup, making it seem like these are the only options. Definitely not. There’s another player in town, and its name is Mashvisor.
What Is Mashvisor?
Mashvisor is a real estate website that allows investors like you to find the ideal income properties that line up with your investment goals. Since its launch in 2015, it has already helped countless investors find the best possible investment deals in the most profitable locations.
As a real estate investment site, Mashvisor offers investors several tools to help them with their property search. It is known for its massive database that covers almost every section of the US housing market. On top of that, its investment property calculator lets you perform a more accurate real estate market analysis of any area in the country.
Mashvisor’s investment property calculator also has an Airbnb Calculator that collects its data from Airbnb.com’s active and verified listings to determine how a property would perform as a short-term rental. Aside from Airbnb.com, Mashvisor also pulls up data from other reliable sources such as realtor.com, Zillow, Auction.com, HomeAway, and more.
Not only does the platform provide Mashvisor rental data for Airbnb, but it also offers CMA for traditional rentals. It includes a more comprehensive analysis, providing cash on cash returns and cap rate data. Even more interesting is how Mashvisor does a market analysis on the individual property before doing a CMA on the neighborhood.
Compared to AllTheRooms, Mashvisor’s Airbnb calculator provides a more comprehensive analysis.
Is Mashvisor Accurate?
One of the things Mashvisor is known and commended for is data analytics. A lot of investors can vouch for the data quality the website has to offer. And although data analysis is done every ten months, multiple listing service (MLS) is updated every day, while the rest of the data are updated monthly.
The company’s schedule of data updates and frequent algorithm tests ensure the accuracy of Mashvisor data. This gives investors greater confidence in using the platform compared to other websites that offer the same services.
Mashvisor Pricing Plan
Mashvisor offers three pricing plans.
The Lite Plan
The Lite Plan is useful for individual property analysis. At $17.99 per month, you can determine Airbnb’s return on investment for your property. It also provides you with an estimate of what your Airbnb rental rate should be and helps you select the best property through investment opportunity scores.
The Standard Plan
The Standard Plan is best for discovering the best investment opportunities and locations that match the investor’s profile. It is offered at $49.99/per month. The plan exports 20 searches to Excel every month.
The Professional Plan
The Professional Plan is ideal for real estate agents and full-time investors, including foreclosures in its search. The plan is priced at $74.99 monthly.
On top of these, Mashvisor offers a 7-day free trial to interested investors so they can have an idea of what the Mashvisor experience is like.
To learn about your options for signing up for our services, click here.
The choice of an Airbnb calculator should not be limited to AllTheRooms vs AirDNA. It should be AllTheRooms vs AirDNA vs Mashvisor.
AirDNA vs Mashvisor: Is Mashvisor Better Than AirDNA?
Check out the video below to learn more about the AirDNA vs Mashvisor comparison.
Summary
To sum it up, which of the three Airbnb calculators should you choose?
The AllTheRooms vs AirDNA matchup showed that each of them has its own strengths and weaknesses as an Airbnb calculator. Based on the side-by-side comparison, AirDNA came out as the better option among the two. Its only downside is it failed users with its pricing and data accuracy.
However, when compared to a platform like Mashvisor, AllTheRooms and AirDNA were found lacking in certain areas. We looked at Mashvisor as an alternative to both platforms, and in both counts, Mashvisor proved to be far superior with its reasonable pricing plan, frequency of data updates, reliable sources of information, and more comprehensive market analysis.
As far as data analytics and ROI projection on short-term rentals are concerned, Mashvisor may be the better option among the three overall. Its database and investment property calculator alone is worth considering subscribing to its services.
So why settle for better when you can have the best? Go for Mashvisor. Sign up for a 7-day free trial now followed by a 15% discount on your quarterly or annual subscription!