If you’ve got questions about short-term rentals, this great website will likely have the answers.
People ask me all the time about whether their property could be used as a short-term rental, and my response is always the same: Do your homework. There’s no one-size-fits-all answer to this question.
Thankfully, I recently stumbled across a new company, AirDNA, that does market data research on short-term rentals. In response to the lack of data available about short-term rentals, AirDNA has taken it upon themselves to fill this niche. You can see a few examples of their studies on their website: AirDNA.co. It’s free to sign up, and there’s plenty of interesting data to be found there.
They scrape information from Airbnb properties, VRBO properties, and tens of thousands of others. One of their most recent studies revealed that this summer marked a saturation point for short-term rentals. In other words, the growth stage we were previously in has ended. Supply and demand in the short-term rental market have largely leveled out. Of course, you can learn more specific details of this and other developments in the short-term rental market by checking out AirDNA’s reports. It’s a great resource for anyone thinking of converting a property into a short-term rental.
If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.