Unlock Airbnb Market Data & Insights for Short-Term Rental with Accurate Airbnb Data.

Step 1: Identify the Most Appropriate Locations With the Market Finder

If you’re a beginner with no clue where to start, you need to find a place that’s good for the Airbnb strategy and matches your budget. The location will affect all metrics that eventually determine ROI.

The Mashvisor Market Finder can help you locate the best places for investing in short term rentals based on your own criteria, such as:

• Regulatory environment
• Property price
• Rental income
• Cap rate
• Occupancy rate

Setting up numbers for these factors will list the top 10 areas in the United States market that match your expectations. Doing this will put a solid foundation on your real estate investing journey.

Step 2: Perform Local Market Evaluation With the Neighborhood Analysis Tool

Once you find a potentially good city and neighborhood through the Market Finder, Mashvisor allows you to perform a thorough neighborhood Airbnb data analysis. It will give you a better insight into the market you’re considering.

Some things to look at when performing a neighborhood evaluation are:

• Afford home values that will fit your financial resources and boost your ROI.
• High Airbnb occupancy rate as a result of easy access to tourist attractions and public amenities that draw in renters and guests.
• High Walk Score and public transportation availability.
• Substantial rental income to provide positive cash flow amid increasing property prices.
• Good short term rental cash on cash return to ensure that you’ll be making money from your vacation rental business.

The general rule of thumb to remember is that you should combine qualitative and quantitative considerations. The neighborhood you’re considering should make you feel safe and welcome when you walk around. But it should also offer solid Airbnb data analytics to be worth it as an investment destination.

Step 3: Spot the Most Ideal Airbnb Investment Opportunities With the Property Finder

The next stop along your journey of using the Mashvisor Airbnb data analytics platform should be the Property Finder. When you know where you want to invest, it’s time to look for profitable rental properties for sale there. The best thing about the Mashvisor Property Finder is that you can focus your search on Airbnb for sale, not just any residential property listed on the market.

You can enter the following criteria:

• City
• Budget
• Property type
• Property size

This will provide you with a list of available MLS listings that are ideal to operate as short term rentals. The list will start with the most profitable opportunities on top so that you can focus your efforts on them instead of wasting time on suboptimal properties.

With the Property Finder, you can even perform investment property searches in up to five markets simultaneously. This is particularly useful for Airbnb hosts who have yet to decide and are considering a few options.

Step 4: Assess a Property’s Profitability With the Airbnb Calculator

Perhaps, the most important aspect of Airbnb data analysis is the actual computation of numbers to determine whether a property is worth it. It is where Mashvisor’s Airbnb Calculator comes in handy.

The tool allows investors to calculate critical Airbnb metrics, such as occupancy rate, revenue, expenses, cash flow, and return on investment. You can use some of the features of the Airbnb Calculator free of charge, while a small subscription fee is needed for access to detailed rental property analysis.

This best Airbnb analytics tool is highly interactive, as it gives investors the option to change numbers and enter new variables. In this way, they can customize the Airbnb analysis to fit their specific situation. For instance, you can change the rental income if you think you can charge a higher daily rate or add new expenses. All other numbers will be automatically recalculated.

All in all, the Mashvisor Airbnb Calculator gives you access to many more features than the AirDNA Rentalizer, its closest competitor.

Step 5: Use the Platform to Access Current Airbnb Rental Comps

The Mashvisor platform also provides easy access to updated vacation rental comps in any given market and neighborhood. These comps are active Airbnb listings. For each property listed on Mashvisor, you can see comparable rentals in the area and check out what results they can produce. This will help you incredibly in focusing your rental property analysis.

Moreover, it’s important to note that all Airbnb data offered by the Mashvisor tools use rental comps as the basis for analysis. This is the most productive way to estimate the performance of an investment property in the Airbnb industry.

Step 6: Establish Your Airbnb Daily Rates

Successful Airbnb investments don’t end with purchasing a property. Indeed, becoming an Airbnb host involves a lot of active work, the core of which is setting up the right Airbnb pricing strategy. Your Airbnb pricing needs to be dynamic to continuously reflect changes in the local short term rental market. Indeed, every day your property is listed for renting needs its own rate.

Needless to say, doing this manually entails a ton of hard work as you have to gather Airbnb data, analyze it, and calculate an appropriate rate based on your analysis. Lucky for investors, the Mashvisor Dynamic Pricing tool is the best Airbnb analytics tool for optimizing this aspect of running a vacation rental business.

You can connect your Airbnb listing to your Mashvisor account to automate the daily pricing. The tool will evaluate your property’s performance and the performance of other rentals in the area to come up with the best rates for each night. The best part is that you can allow the tool to adjust the rates directly on the Airbnb platform so that you don’t have to intervene at all.

You should know that the Mashvisor Dynamic Pricing tool is programmed to optimize for rental income and return on investment, not occupancy only. This sets it apart from other popular alternatives like Airbnb Smart Pricing and AirDNA Smart Rates.