STR Data Lab™ by AirDNA

“Where to invest?” is a common question we hear from investors—and for good reason. But when and why should I invest are just as important. Because markets and traveler trends are always changing, which can lead to lots of inaccurate guesswork.Our latest report explores where people are actually buying or thinking of buying a short-term rental. The report complements our Best Places to Invest Report [link https://www.airdna.co/blog/best-places-to-invest-in-us-vacation-rentals-2023] which focused more on places that were the most profitable destinations for investment. This new report uses data from AirDNA’s Rentalizer tool [link to https://www.airdna.co/airbnb-calculator] which calculates the revenue potential of any property in any market. Similar to other real estate estimates it relies on comparable STR listings to make estimates on any property in the world. Jamie Lane shared insights into the methodology and how customers can ensure the get the most accurate estimate possible. Rentalizer searchers are a good indicator of which markets and destinations are the most popular for STR investment. AirDNA relies on first-party data, along with partner and sourced data, to power its intelligence platform and custom reports. First-party data is data collected by a company from its own customers, while third-party data is data collected by external parties.Discrepancies in Rentalizer results can be caused when the comparable property set has high covariance. Covariance measures how two variables change together. A high covariance means that two variables tend to increase or decrease together, while a low covariance means that they tend to vary independently.AirDNA recently released a new Ranked Series where we explore the topic of where to invest from multiple angles. See our first ins lament here [link to https://www.airdna.co/blog/ranked-by-airdna-cabins-apartments-beach-houses] Reach out to AirDNA with suggestions or questions anytime! 

Short Term Rentals In Indiana?! On today's episode we sit down with Kirby J Atwell who went from serving in the Army to owning and managing Short Term Rentals. Kirby talks about why he prefers buying houses in Utilitarian Markets vs. the more Commercial/High End Properties in popular markets. He also discusses why it's important to focus on design of your property and how it'll pay dividends down the road. You don't want to miss this episode!

This week, Jamie Lane sits down with Derrick Barker, Co-Founder & CEO of Nectar to dive into short term rental financing and the origins of Nectar. Nectar was founded with the desire to provide fast, flexible, and non-debt financing to rental property owners and managers looking to scale their rental portfolios. Derrick breaks down some of the portfolio characteristics his company looks for when assessing applicants and dives into some of the ways rental owners have been using their cash advances to expand or improve their real estate portfolios. We learn about Nectar’s capital sources and how Nectar plans to continue supporting sub-institutional rental owners and operators with better analytics, tools, and financing products into the future. ~~~~Learn more about Nectar:https://www.usenectar.com/ ~~~~Connect with Derrick on LinkedIn: https://www.linkedin.com/in/derrick-barker-3b1590a ~~~~Connect with Jamie on LinkedIn and Twitter: LinkedIn: https://www.linkedin.com/in/jamiehlane/  Twitter: https://twitter.com/Jamie_Lane ~~~~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

Jamie Lane sits down with Mariah Kamei this week to talk about US and Europe STR trends for March. March proved to be another month of demand gains with nights booked up 12% YOY and overall nights stayed up 16% YOY, fueled by a strong spring break. Supply increased 20% YOY, a significant slow down from 26% last month with the downward trend expected to continue. Occupancy this summer is expected to be the third highest on record behind 2021 and 2022. With the major supply increases the industry has seen in the past year, STR owners should continue to expect slowing ADR and profit growth. Record snowfall in the US has extended the ski season for many western ski areas through the end of April. Europe continues to see stronger demand growth than the US as travel continues to rebound from the pandemic.~~~~Read the March Market Reviews: US: https://www.airdna.co/blog/airdna-market-review-us-march-2023 Europe: https://www.airdna.co/blog/airdna-market-review-europe-march-2023 ~~~~Signup for MarketMinder for FREE👇https://www.airdna.co/vacation-rental-data/app/register ~~~~Connect with Jamie on LinkedIn and Twitter: LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane  ~~~~Connect with Mariah on LinkedIn:LinkedIn: https://www.linkedin.com/in/mariah-ka... ~~~~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 29

John Hildebrand and Mariah Kamei sat down to talk about the joys and challenges of operating short-term rentals. John is a seasoned owner and property manager who first started by renting out a room in his Malibu apartment to help pay his rent. As a kid, John moved frequently which fostered a love for real estate. His life experiences and that first shared-room listing launched a small management empire in Arizona. John is a self-professed real estate and STR addict who loves converting a new property into a special experience for his guests. He is the founder of Hildehomes.John also shared his journey to advocacy through working with Rent Responsibly. He found his voice and is now in the public forum to ensure the STR industry can thrive. He leads the largest 501c coalition in the state and helps many cities stay ahead of regulation. He encourages everyone to get involved in advocacy by donating money or time and opening a dialogue in their neighborhood.We also talked about how we’re in an industry correction where hosts who give 120% to their properties and focus on customer service and design will thrive. John’s advice is to use data to figure out what you can do differently and take back control of your listings and investment strategy.Signup for MarketMinder for FREE👇https://www.airdna.co/vacation-rental-data/app/register Connect with John:https://johnhildebrand.cohttps://www.instagram.com/johnhildebrandsicky/?hl=enBook with Hildehomes:https://hildehomes.comConnect with Mariah:LinkedIn: https://www.linkedin.com/in/mariah-kamei/ Explore Rent Responsibly, Boostly, and SuperHog here:https://www.rentresponsibly.orghttps://boostly.co.ukhttps://superhog.comConnect 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 28

This week we sat down with Paul Stevens… just in time for the Shortyz! Paul is the editor of ShortTermRentalz and we’re here to talk about the trends he has seen in the industry over the past 4.5 years. We dive into unique stays and how they have become popular over the years and how ShortTermRentaz reports on these trends. Paul also discusses how he wants to bring the whole industry together at different events. We also dive into the Shortyz… and AirDNA has been nominated for two! We have been nominated for Best Ancillary Service Provider Award the Innovator / Disruptor Award!~~~~Vote for AirDNA and Jamie Lane below: https://form.typeform.com/to/Evs5yC63 ~~~~Signup for MarketMinder for FREE👇https://www.airdna.co/vacation-rental-data/app/register ~~~~Connect with Paul:https://www.linkedin.com/in/paul-stevens-b75621146/~~~~Connect with Mariah on LinkedIn:LinkedIn: https://www.linkedin.com/in/mariah-kamei/ ~~~~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 27

This week, Jamie sits down with Leslie from Rebl Rentals to explore her journey in the vacation rental industry. She explains how feature walls were able to boost bookings for one of her properties, and now she tests it at all of her properties because we live in a Instagramable world. She dives deeper into why the Super Bowl was a complete bust in Arizona and so much more. Connect with Leslie below!~~~~Connect with Leslie: https://reblrentals.com/ - Discount Code 10% Off - JAMIE10@reblrentals - on all social platforms!~~~~Connect with Jamie on LinkedIn and Twitter: LinkedIn: https://www.linkedin.com/in/jamiehlane/  Twitter: https://twitter.com/Jamie_Lane ~~~~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 26

We sat down with STR owner and educator Stacey St. John to discuss how she found her passion for renovating, owning, and operating short-term rentals. She discusses how she loves to do this, and when you love doing something, it never feels like you are working. Listening along to find out how she got started and where she plans on going.~~~~Connect with Stacey:https://www.instagram.com/stacey_st.john/https://staceystjohn.com/https://hospitality.fm/show/the-str-sisterhood/~~~~Connect with Mariah on LinkedIn:LinkedIn: https://www.linkedin.com/in/mariah-kamei/ ~~~~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 

This week, Jamie and Mariah dive deep into the data while keeping things short and sweet. Despite February typically being the weakest month for demand, this past month has seen some interesting trends in the vacation rental industry. With a staggering 13 million nights stayed in February alone, demand was up YoY by 18%. However, occupancy was down YoY by 1.8%, indicating a significant increase in new listings — up 26% YoY. While some of this growth is due to the lengthy process of listing, it is primarily attributed to an influx of second homes that were purchased for remote work during COVID and are subsequently being listed to make a profit as workers return to in-person work environments. It's worth noting that there are currently 6 million second homes in the U.S., but only 1.5 million of them are listed on Airbnb and VRBO.Switching gears to the economy, we've seen an incredible job listings growth of 311k in February alone. However, with discretionary spending being heavily dependent on job security, it's important to keep an eye on the deceleration of growth we're currently experiencing. Inflation has also decreased, with February's headline inflation sitting at 6% — down from previous months. We could potentially see a drop to 3% by the end of the year. As we gear up for spring break, it's interesting to note that nights booked have increased by 14.8% compared to January. The top markets for spring break include Orlando, Phoenix/Scottsdale, Gatlinburg, Panama City, and Miami. However, some rising stars for growth are the Jersey City/Newark areas, Chicago, The Hamptons, Boston, and Washington D.C.Stay tuned for the new forecasting report from Jamie Lane.~~~~Read the Full Market Review: https://www.airdna.co/blog/airdna-market-review-us-february-2023?utm_source=podcast&utm_medium=social&utm_campaign=US_MarketReview_Feb23~~~~Signup for MarketMinder for FREE👇https://www.airdna.co/vacation-rental-data/app/register ~~~~Connect with Jamie on LinkedIn and Twitter: LinkedIn: https://www.linkedin.com/in/jamiehlane/  Twitter: https://twitter.com/Jamie_Lane~~~~Connect with Mariah on LinkedIn:LinkedIn: https://www.linkedin.com/in/mariah-kamei/ ~~~~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 24

This week we have Natalie Palmer on the STR Data Lab, a successful real estate investor who started her investment journey by Airbnb-ing her parents' second home in Big Bear. She soon recognized the potential of the market and invested in another property. Currently, she manages nine condos in Big Bear and specializes in short-term rentals while being a full-time mom. Natalie shares her passion for real estate investment and her dream of owning a motel in Palm Springs, although she cannot pursue it due to market regulations. She also talks about her recent event, Level Up Your Listing, which was an all-women's conference in the industry, and it was a huge success.~~~~Signup for MarketMinder for FREE👇https://www.airdna.co/vacation-rental-data/app/register ~~~~Thebartahouse on Instagram:https://www.instagram.com/thebartahouse/~~~~Connect with Natalie:https://www.instagram.com/__nataliepalmer/ https://open.spotify.com/show/6JLknb9bvjB5wjUquuYxW8?si=241d5a9020c5455a ~~~~Connect with Mariah on LinkedIn:LinkedIn: https://www.linkedin.com/in/mariah-kamei/ ~~~~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 23