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STR Data Lab™ by AirDNA

Latest episodes

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Jan 23, 2025 • 29min

The Best Places to Invest in Short-Term Rentals in 2025

Discover the top five markets to invest in short-term rentals for 2025, including Crescent City, Columbus, and Fairbanks. The discussion dives into refined methodologies that emphasize booking trends and new price tier segmentation. Midsize cities show impressive growth potential, with key performance metrics guiding investors. Learn how to tailor strategies using detailed data from 250,000 homes while navigating regulations and market dynamics. It's a thrilling exploration of where and how to invest wisely in the evolving rental landscape.
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Jan 16, 2025 • 34min

Market Research Tips for Short-Term Rental Investors with Lydia Patel

Lydia Patel, a full-time pharmacist turned short-term rental investor, shares her journey from long-term rentals to managing successful Airbnbs. She emphasizes the importance of data analysis in making informed investment decisions and discusses how she transformed a tiny house into a lucrative listing. Lydia explains her strategic choice of Northern Florida for its family-friendly vibe and reveals the significance of ongoing market reviews. With plans to enhance her property, she also highlights treating guests like family as a key to success.
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Jan 9, 2025 • 42min

How to Find the Right STR Real Estate Agent with Nikkei Rosenberg

In this episode of the STR Data Lab, Jamie Lane sits down with Nikkei Rosenberg, a real estate agent from Savvy Realty, discussing the importance of finding the right real estate agent for short-term rental investments. Nikkei shares her extensive background in vacation rental management, starting from a young age in St. Augustine, Florida. She highlights her journey, including her roles at Vacasa and building a property management company. Nikkei emphasizes the importance of understanding local regulations and having a strong network of vendors. She offers advice on how to identify competent real estate agents and stresses the necessity of thorough due diligence, including generating accurate income projections and understanding all operational expenses. Nikkei addresses the challenges in the North Florida market, such as higher interest rates and insurance costs, but highlights the opportunities that exist for savvy investors. She talks about the importance of property setup and the meaningful impact of unique branding and high-quality amenities. Nikkei sees current market conditions as an opportunity for those willing to put in the work and adapt to the evolving market dynamics. She encourages potential investors to not be deterred by high interest rates and to focus on the long-term benefits, including potential future refinancing opportunities. Nikkei emphasizes the importance of surrounding oneself with a knowledgeable team and being prepared for the complexities of short-term rental investments. She concludes by offering her availability for consultations and encouraging aspiring investors to pursue their vision and not be afraid of failure. The episode ends with a call to action for listeners to connect with Nikkei through various social media platforms for more insights and to stay updated on new deals.You don’t want to miss this episode!~~~~10% of Code: strdatalabVisit airdna.co and enter the code at check out~~~~Signup for AirDNA for FREE👇https://app.airdna.co/data ~~~~Connect with Jamie on LinkedIn and Twitter: LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ~~~~Connect with Scott on LinkedIn: LinkedIn: https://www.linkedin.com/in/sagescott~~~~Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram:LinkedIn: https://www.linkedin.com/company/airdna/  Twitter: https://twitter.com/airdna TikTok: https://www.tiktok.com/@airdna.co Instagram: https://instagram.com/airdna.co Episode 115
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Jan 2, 2025 • 40min

Exploring Airbnb’s Future: Innovations and Expansion Plans

In this episode of the STR Data Lab, Jamie Lane, Chief Economist at AirDNA, discusses with Skift CEO Rafat Ali the future trajectory of Airbnb. The conversation delves into potential new business lines for Airbnb as it aims to launch billion-dollar ventures by 2025 and 2026. Lane talks about the need for Airbnb to expand beyond its core accommodations to maintain growth, especially as the short-term rental industry matures. They cover Airbnb’s new co-hosting network, which offers services like listing setup, guest communications, cleaning, and more. Jamie also explores potential new markets, such as car, boat, and plane rentals, and home improvement services. There’s discussion on the role of trust in Airbnb's platform, their potential loyalty program, and the ability to monetize their ecosystem through ads and promote listings. They examine Brian Chesky's vision for expanding Airbnb into a multi-billion dollar business and its parallels with Amazon's growth strategy. Jamie suggests the prospects of creating physical social networks and meeting spaces for Airbnb guests. They consider whether these expansions could make Airbnb an indispensable part of travel, akin to Amazon Prime, offering enhanced services and experiences. The episode concludes with reflections on the challenges and potential obstacles Airbnb might face in these ambitious expansions, and the community-driven value that these initiatives could bring to the Airbnb platform.You don’t want to miss this episode!~~~~Signup for AirDNA for FREE👇https://app.airdna.co/data ~~~~Connect with Jamie on LinkedIn and Twitter: LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ~~~~Connect with Scott on LinkedIn: LinkedIn: https://www.linkedin.com/in/sagescott~~~~Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram:LinkedIn: https://www.linkedin.com/company/airdna/  Twitter: https://twitter.com/airdna TikTok: https://www.tiktok.com/@airdna.co Instagram: https://instagram.com/airdna.co Episode 114
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Dec 26, 2024 • 1h 13min

Exploring the Economic Trends and Innovation in the STR Market

Delve into the world of short-term rentals as experts discuss the transformative impact of COVID-19. Hear insights on market adaptations, including AirDNA's acquisition of Uplisting and innovations in STR technology. Discover the difference between STRs and traditional hotels, as well as predictions for the future of these markets. Explore macroeconomic influences like interest rates and property values, and learn about growth opportunities in Latin America and Asia Pacific. Plus, consider the potential economic effects of recent elections.
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Dec 19, 2024 • 22min

November Market Recap and 2025 Forecast

In this episode of the STR Data Lab Jamie Lane, Chief Economist at AirDNA, and Scott Sage recap November's key metrics in the short-term rental market and projections for the future. They discuss metrics such as Average Daily Rate (ADR), occupancy, RevPAR, listings, and demand growth, all of which exhibited positive year-over-year signals. Special attention is given to ADR, which saw a 7% growth in November, partly due to easy comparisons with last year's 3.9% decline. The hosts highlight the deceleration in supply growth from 15% last year to 4% this year and its positive impact on occupancy and pricing power. Additionally, they explore the influence of economic drivers like inflation, Fed decisions, and the potential implications of a Trump presidency on the short-term rental market. They anticipate a slight increase in inflation rates and higher interest rates into 2026, which could affect investment and supply dynamics. The discussion rounds off with insights into 2025, labeled as the 'Year of Efficiency,' focused on maintaining and growing operations effectively. Stay tuned for the upcoming 'Best Places to Invest Report' in January.You don’t want to miss this episode!~~~~Signup for AirDNA for FREE👇https://app.airdna.co/data ~~~~Connect with Jamie on LinkedIn and Twitter: LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ~~~~Connect with Scott on LinkedIn: LinkedIn: https://www.linkedin.com/in/sagescott~~~~Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram:LinkedIn: https://www.linkedin.com/company/airdna/  Twitter: https://twitter.com/airdna TikTok: https://www.tiktok.com/@airdna.co Instagram: https://instagram.com/airdna.co Episode 112
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Dec 12, 2024 • 40min

How to Use the Power of Social Media to Market Your Short-Term Rentals with Madison Rifkin

In this episode of the STR Data Lab, Jamie Lane, chief economist at RDNA, interviews Madison Rifkin, CEO and founder of Mount. The discussion begins with an overview of Mount, a three-sided marketplace connecting hosts and property managers with their guests and local businesses. Madi emphasizes the importance of offering unique local experiences, rather than just focusing on the property itself. Jamie and Madi delve into her accidental entry into the short-term rental space and her pivot from scooter rentals to Mount's current model. Madi explains how Mount curates top 'hidden gems' for guests, incorporating local businesses into the guest experience seamlessly. They discuss the challenges and benefits of curating these gems in multiple cities and the rigorous vetting process involved. Next, Jamie and Madi discuss the power of social media and how short-term rental hosts can work with influencers and content creators to increase their bookings and reach new audiences. The episode explores Mount's innovative marketing strategies, including a viral TikTok campaign and a Taylor Swift ticket giveaway, highlighting the power of social media in building brand engagement. Madi offers insights into the essential tools and strategies for hosts to get started with social media content creation, emphasizing the importance of a content archive. The episode concludes with a look at Mount's future plans, including international creator retreats and a stronger focus on traveler engagement. You don’t want to miss this episode!~~~~Signup for AirDNA for FREE👇https://app.airdna.co/data ~~~~Connect with Jamie on LinkedIn and Twitter: LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ~~~~Connect with Scott on LinkedIn: LinkedIn: https://www.linkedin.com/in/sagescott~~~~Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram:LinkedIn: https://www.linkedin.com/company/airdna/  Twitter: https://twitter.com/airdna TikTok: https://www.tiktok.com/@airdna.co Instagram: https://instagram.com/airdna.co ~~~~Connect with MountTikTok: https://www.tiktok.com/@rentmount?lang=enInstagram: https://www.instagram.com/rentmount/Episode 111
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Dec 5, 2024 • 35min

Economic Outlook for Short-Term Rentals - A 2025 Forecast

Bram Gallagher, Director of Economics and Forecasting at AirDNA, shares insights on the short-term rental market's future. He discusses the bounce-back of the economy, crediting the Federal Reserve's timely actions to stabilize growth. Predictions for 2025 include a modest 4.7% supply growth, with occupancy rates recovering and increasing average daily rates boosting revenue. Gallagher also addresses geopolitical risks and inflation concerns while emphasizing market-specific opportunities in areas like Maui and urban centers.
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Nov 28, 2024 • 39min

From House-Hacking to High Returns: Journey into Short Term Rentals with Matt Kruger

In this episode of the STR Data Lab, Jamie sits down with Matt Kruger, co-founder of DSM Stays and a short-term rental investor based in Iowa. Matt shares the story of his transition from long-term rentals to short-term rentals, motivated by a desire for higher cash flow and more control over his investments. Initially hesitant to invest out of state, Matt chose to stay local in Iowa, where he has seen significant success. Influenced by content creators on social media, Matt was inspired to explore the potential of short-term rentals. Starting with long-term rentals and house-hacking, Matt and his wife built a solid base before moving into the short-term market. Using tools like AirDNA for market research, they identified opportunities to cater to larger groups in the Des Moines area, a non-traditional vacation spot. Their first short-term rental, equipped with amenities like game rooms and hot tubs, quickly became one of the top properties in the area. Despite market challenges, Matt's properties have seen consistent revenue growth year over year. He emphasizes the importance of continuous improvement, including updating amenities and listing photos. Matt also highlights the risks associated with reliance on platforms like Airbnb and the need to build a direct booking channel. Automation tools like Hospitable have been crucial in managing operations and communication. Matt's approach to guest experience, including personalized communication and rapid problem resolution, has resulted in high ratings and positive reviews. He advises new investors to overcome analysis paralysis, take risks, and learn by doing. Reflecting on his journey, Matt regrets not starting sooner but encourages others to use their free time effectively to build the life they want. He also stresses the value of buying properties that can appreciate through sweat equity. ~~~~https://www.tiktok.com/@rental.cashflowhttps://www.instagram.com/rental.cashflow/~~~~Signup for AirDNA for FREE👇https://app.airdna.co/data ~~~~Connect with Jamie on LinkedIn and Twitter: LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ~~~~Connect with Scott on LinkedIn: LinkedIn: https://www.linkedin.com/in/sagescott~~~~Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram:LinkedIn: https://www.linkedin.com/company/airdna/  Twitter: https://twitter.com/airdna TikTok: https://www.tiktok.com/@airdna.co Instagram: https://instagram.com/airdna.co ~~~~Find AirDNA at these upcoming events! https://www.airdna.co/events-airdna Episode 109
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Nov 21, 2024 • 25min

October STR Market Performance and Election Impact Analysis

In this episode of the STR Data Lab, Jamie Lane, Chief Economist at AirDNA, VP of Marketing Scott Sage discuss the October performance of the short-term rental market. The conversation starts with a brief discussion on the 2023 U.S. election results and its potential implications for the industry. They report strong occupancy growth for October with demand remaining stable, and highlight the overall positive trends in RevPar, available listings, and total demand nights. Despite some variations in occupancy increases due to supply changes, they note that demand has surged, particularly influenced by slower supply growth due to high mortgage rates. Regulations also impact supply trends, especially in urban and coastal markets. The hosts analyze unemployment rates, the Federal Reserve’s interest rate cuts, and their impact on the real estate market. They also emphasize the significance of the Christmas and New Year holidays on booking rates, noting a two-week period of high demand thanks to the date placement this year. Additionally, they touch upon rate setting strategies for hosts and mention cautious observations on RevPar decline in small city and rural markets despite overall national growth. The episode wraps up with a high-level overview of the 2025 outlook report, discussing expected trends influenced by decelerating supply growth and constant demand. You don’t want to miss this episode!~~~~Signup for AirDNA for FREE👇https://app.airdna.co/data ~~~~Connect with Jamie on LinkedIn and Twitter: LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ~~~~Connect with Scott on LinkedIn: LinkedIn: https://www.linkedin.com/in/sagescott~~~~Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram:LinkedIn: https://www.linkedin.com/company/airdna/  Twitter: https://twitter.com/airdna TikTok: https://www.tiktok.com/@airdna.co Instagram: https://instagram.com/airdna.co ~~~~Find AirDNA at these upcoming events! https://www.airdna.co/events-airdna Episode 108

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