The Short Term Show Wayde Hall’s Secrets to Spotting Winning Short-Term Rentals
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Aug 13, 2025 Wayde Hall, a Short Term Shop agent in the Smoky Mountains, shares his expertise in short-term rental analysis using Price Labs Market Dashboards. He reveals how granular data—like occupancy rates and cleaning fees—can uncover performance patterns that broad averages miss. The conversation covers strategies for comparing neighborhoods, selecting top-performing properties, and avoiding common pitfalls in data interpretation. Wayde also offers valuable tips for new users, ensuring they focus on impactful filters for smarter investment decisions.
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Granular Market Data Reveals Patterns
- PriceLabs provides far more granular market data than entry-level tools, revealing cleaning fees, occupancy, and guest capacity per listing.
- Use it to establish patterns across many listings rather than trusting broad averages for decisions.
Carve Areas And Test Specific Filters
- Carve out the exact neighborhood with the draw tool to compare truly like-for-like comps.
- Filter by specifics like guest capacity to test whether small tweaks actually increase revenue.
Compare Asset Types By Revenue vs Price
- Use PriceLabs to compare purchase price ranges versus revenue for different bedroom counts before choosing asset type.
- Let revenue-per-price and risk inform whether you buy small units or large, expensive properties.