Any location highly dependent on tourism usually is more lenient with Airbnb rentals. I will focus on Las Vegas with my AirDNA review because of the amount of worldwide travelers vacationing in Las Vegas, the amount of conferences held in Las Vegas, the new football stadium moving to Las Vegas, and my existing knowledge of the market. I know how to analyze a market to understand if it’s a good investment decision and which neighborhood is best for this investment. I read numerous books on the process of purchasing a home and created spreadsheets to understand my revenues and expenses. I found a move-in ready 3-bedroom home with parking and a covered backyard for a final negotiated price of $83,500. My research told me the city had plans to do a massive renovation to the neighborhood on the East side of the UNLV campus. I also knew there was an Air Force Base not too far away. I knew that hotel and casino workers were renters, as were college students (UNLV). This was before I heard the word A-I-R-B-N-B so I was analyzing it in terms of long-term rental income. In 2011, I was researching Las Vegas to purchase my first investment property. It is subscription based by US or state starting at 199.99/month Why am I Reviewing AirDNA? Investment Explorer is a web app combining Airbnb data with home value data for over 750,000 properties in the US to pinpoint the most profitable short-term rental investment locations. It is subscription based starting at $9.95/month for more than 40,000 cities. It can be used to understand your own market or to research other markets for future investment. MarketMinder is a web app displaying metrics for every Airbnb rental worldwide. Click here for the updated version of this article at What is AirDNA?Ī is a data company started by Scott Shatford and Will Shatford.
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