![]() ![]() ![]() The other AirDNA service is called Investment Explorer. If you’re a current host, this may be the most useful tool that this company provides. Market Minder does pretty much what the name suggests: it watches your local STR market for trends. It can give property owners ideas about demand in their area.ĪirDNA has a couple of products. The point is to empower people who are in the STR business with data about their performance versus that of their competitors. In other words, it collects and analyzes your local Airbnb short-term rental (STR) market. It deals with big data, which is a term for enormous amounts of information. However, it analyzes short-term rental markets around the world, covering over 40,000 cities and 750,000 properties in the US alone. Started by Scott and Will Shatford in 2015, AirDNA is a smallish company based in the Denver, Colorado area. But is it worthwhile to tack another service onto what already seems like a no-lose situation? To find out, read our AirDNA review! What’s AirDNA? For example, what’s the average daily rate of your nearby competitors? What’s the occupancy rate of the brownstone down the street? AirDNA lets you figure out the sharing economy from the inside. However, before you leap, you’d better look at the metrics for your neighborhood. You may be renting out of your home or considering buying another building just for your Airbnb business. If you’ve ventured into the world of short-term rentals, then welcome to a great job or side hustle. ![]()
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