STR Data Lab™ by AirDNA

Welcome to the latest episode of the STR Data Lab! Our guest today is John, CEO and founder of Ohana Stay and Tech Tape. In this episode, John shares his insights and experiences on entrepreneurship, technology, and more. He talks about how his short-term rental business, Ohana Stay, led to the founding of Tech Tape, and how he manages multiple ventures while fighting regulations in Honolulu, Hawaii. As a Cornell graduate, John also shares his experiences with guest lecturing at the university's hospitality school.We also dive into John's experience owning a property in Waikiki during the COVID-19 pandemic. Despite the challenges, John was able to keep his property occupied at around 50-60% occupancy throughout COVID, thanks to low rates and the use of a staffing agency to avoid squatters or other problems. He notes that while things are starting to recover, the market and booking patterns are completely upside down, requiring him to stay on top of what's going on and respond and react accordingly. Stay tuned for an engaging discussion on the travel industry and how technology is transforming it.~~~~Signup for MarketMinder for FREEhttps://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 John An:https://www.linkedin.com/in/john-an-0762b8a/Email: john.an@gettechtape.com~~~~Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram:LinkedIn: https://www.linkedin.com/company/airdna/Twitter: https://twitter.com/airdnaTikTok: https://www.tiktok.com/@airdna.coInstagram: https://instagram.com/airdna.coEpisode 22

Tatianna Taylor-Tait is an award winning designer, author, and short-term rental coach. She is on this week to break down how she got started in the Airbnb industry, why themed spaces may not survive seasonality, why your towels and sheets should be white, and much more! Tatianna is also co-hosting the Level Up Your Listing Summit in Scottsdale… and we will be attending (and speaking)! Check it out here: https://www.levelupyourlistingsummit.com/~~~~Signup for MarketMinder for FREE👇https://www.airdna.co/vacation-rental-data/app/register ~~~~Connect with Tatianna on Instagram: https://www.instagram.com/tatiannatt/ ~~~~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.coEpisode 21

2023 is going to be a crazy year for the housing industry, and we’re ready for the wild ride! We are already in a housing recession, so where to buy a short-term rental is going to vary based on investability, which is what our best places to invest report is based on. You want to use this report to build a baseline. Where are housing prices falling, but demand is still steady–these are the places you want to keep an eye on.Jamie Lane continues to dive deep into what makes a good investment, what numbers you should be looking for in a potential investment property, and why you should make data-driven decisions, especially going into this year. And always remember, the riches are in the riches!~~~~Read the Full Best Places to Invest Report: https://www.airdna.co/blog/best-places-to-invest-in-us-vacation-rentals-2023~~~~Check Out Our Airbnb Hosting 101 Guide: https://www.airdna.co/guides/beginners-guide-to-airbnb-hosting~~~~Read about Revedy: https://revedy.com/about/~~~~Shoutout to Blake Mullen for Digging into the data, connect with him here: https://www.linkedin.com/in/blakemullen/~~~~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 20

Mariah sits down with Adam and Daniel from Host Financial to dive deep into how to finance your short-term rental. This is a can't miss episode if you are considering investing in your first vacation rental!~~~~Signup for MarketMinder for FREE👇https://www.airdna.co/vacation-rental-data/app/register~~~~Connect with Mariah on LinkedIn:LinkedIn: https://www.linkedin.com/in/mariah-kamei/~~~~Connect with Host Financial: https://hostfinancial.com/~~~~Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram:LinkedIn: https://www.linkedin.com/company/airdna/Twitter: https://twitter.com/airdnaTikTok: https://www.tiktok.com/@airdna.coInstagram: https://instagram.com/airdna.coEpisode 19

This week Jamie Lane welcomed Joe Fraiman, the founder of Overmoon, to talk about how he plans to scale his business in 2023. Joe believes that cash flow is the most important thing to look at when you are making an investment decision. They plan to scale their portfolio this year due to the falling costs of homes and also plan to stay in leisure/destination markets. Tune in to see if Joe thinks that luxury vacation homes are recession-proof.~~~~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 Overmoon: https://www.overmoon.com/~~~~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.coEpisode 18

Wil Slickers, a former Marriott employee, has turned into a short-term rental guru (and our podcast producer). He began his journey by utilizing his parents' 2 bed 2 bath apartment above their garage as his first rental property. Through his experience working at Marriott, Wil established a baseline for what makes a good guest experience. He discovered that by using smart locks, he could replace the need for someone to work at a front desk.Wil believes that turning normal homes into destinations is a sweet spot for Airbnb. He encourages others to get creative and have fun with their rentals. Wil emphasizes the importance of understanding why technology is necessary, but it should also not replace people for everything. He recommends hiring someone to interact with guests on a personal level and focusing on revenue management. Wil notes that not all properties will be successful as short-term rentals, so it's important to use yield management for pricing strategy.~~~~Signup for MarketMinder for FREE👇https://www.airdna.co/vacation-rental-data/app/register ~~~~Read the “U.S. Market Review”: https://www.airdna.co/blog/airdna-market-review-us-december-2022?utm_source=podcast&utm_medium=social&utm_campaign=DecUS22Review~~~~Read “Europe Market Review”: https://www.airdna.co/blog/airdna-market-review-europe-december-2022?utm_source=youtube&utm_medium=social&utm_campaign=DecEU22Review~~~~Connect with Wil on LinkedIn: LinkedIn: https://www.linkedin.com/in/wil-slickers/Hospitality.fm: https://hospitality.fm/~~~~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.coEpisode 17

Today we're back with Mariah Kamei and Jamie Lane, and they’re diving into the latest economic report and what it means for the future. As we all know, inflation has been a hot topic in the past year, and the latest report shows that it went down by 0.1% MoM. This is the first time we've seen a negative read in a long time, but it's still up 6.5% YoY. The Federal Reserve is closely watching inflation, and this report is a positive sign. If we continue to see this trend, it means inflation will be right where the Fed wants it to be, which could lead to a pause in the rising of interest rates.The short-term rental market is thriving, with STRs earning over $62 billion in the US, an increase of 25% YoY. Globally, the industry exceeded all expectations with $141 billion earned. We also saw strong demand for nights booked, up 24% YoY, and a 20% increase in the number of nights stayed in December. Additionally, December saw the most new listings added, with a 23% increase. Occupancy only declined by 1.2%. However, it's important to note that ADRs (average daily rates) were only up 3.5%, and we expect that trend to continue to decline.Lastly, it's important to note the difference between recovered and unrecovered areas. Recovered areas are those where demand has gotten back to 2019 levels, while unrecovered areas are those where demand has not yet returned to pre-pandemic levels.~~~~Signup for MarketMinder for FREE👇https://www.airdna.co/vacation-rental-data/app/register?utm_source=podcast&utm_medium=social&utm_campaign=MMSignup~~~~Jamie’s Favorite Indicators of U.S. Economic Health:Bureau of Labor Statistics: https://www.bls.gov/bls/newsrels.htm#majorHousing Reports: HUD: https://www.huduser.gov/portal/ushmc/hmi-update.html Redfin: https://www.redfin.com/news/data-center/  Zillow: https://www.zillow.com/research/market-reports/  Bureau of Economic Analysis: https://www.bea.gov/  ~~~~Read the Full Outlook Report: https://www.airdna.co/blog/2023-us-short-term-rental-outlook-report?utm_source=podcast&utm_medium=social&utm_campaign=2023Outlook~~~~Read the “What is Benchmarking, and How Can It Improve My Vacation Rental Business?”: https://www.airdna.co/blog/what-is-benchmarking-and-how-can-it-improve-property-management?utm_source=podcast&utm_medium=social&utm_campaign=Benchmarking~~~~Read “Property Managers: 5 Data-Driven Tips on How to Prepare for 2023”: https://www.airdna.co/blog/5-tips-on-how-property-managers-should-prepare-for-2023?utm_source=podcast&utm_medium=social&utm_campaign=5DataTips~~~~“Here’s what’s happening in your neck of the woods” - Al Rocker~~~~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 16

This is a can’t-miss episode to hear the TLDR on all of the major economic reports that were recently released. Mariah and Jamie provide a detailed analysis of economic reports by Oxford Economics, Moody's, and more. They dive into how they relate to the hospitality industry, specifically short-term rentals. Jamie sees similar trends in other reports from organizations such as CBRE and STR, which gives him confidence in our predictions. Jamie and Mariah then discuss the impact of the real estate market on the hospitality industry. They go on to discuss predictions from CBRE and Redfin, specifically that Redfin predicts that the “great migration” is over, which could have a negative impact on long-term stays in short-term rentals. Jamie then discusses the rising disaster insurance costs, which could also be a problem for short-term rental investors, specifically ones located near coastal and mountain towns. Jamie also discusses that we expect to see some weakness in the leisure sector next year, and rates not growing as much as it has in the past years, as well as a decrease in the number of home sales.~~~~Read CBRE's Report: https://www.cbre.com/insights/books/us-real-estate-market-outlook-2023~~~~Read Hostfully's Report: https://www.hostfully.com/2022-hospitality-industry-study/~~~~Read Redfin's Report:https://www.redfin.com/news/housing-market-predictions-2023/~~~~Read Oxford's Report:https://my.oxfordeconomics.com/reportaction/5c682cD5eabd4Ae4AcE5a6/Toc~~~~Read Goldman Sachs' Report:https://www.goldmansachs.com/insights/pages/gs-research/macro-outlook-2023-this-cycle-is-different/report.pdf~~~~Read JP Morgan's Report:https://am.jpmorgan.com/content/dam/jpm-am-aem/global/en/insights/market-insights/mi-investment-outlook-ce-en.pdf~~~~Read Moody's Report:https://www.moodys.com/newsandevents/topics/2023-Outlooks-00705F~~~~Read Blackrock's Report:https://www.blackrock.com/corporate/literature/whitepaper/bii-global-outlook-2023.pdf~~~~Read STR's Report:https://www.costar.com/article/1413964193/hoteliers-can-look-past-storm-clouds-to-sunny-days-ahead-in-2023~~~~Read Expedia's Report:https://www.expedia.com/see/2023traveltrends-expedia~~~~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/airdnaTikTok: https://www.tiktok.com/@airdna.coInstagram: https://instagram.com/airdna.coEpisode 15Huge thank you to our podcast producers at hospitality.fm!

Many people believe that you must be experienced or have a large income to invest in real estate. When in reality, you have to have a strategy. That’s exactly what Adam Nelson did we he dove head first into investing while he was working his 9-5. He had a checklist of different types of real estate he wanted to invest in, and that path led him to Airbnb. He started with house hacking, then moved to investing in single-family homes, then got into multifamily investments. That’s when he realized he wanted to invest in short-term rentals because this type of investment had the greatest reward on investment. This week Mariah Kamei sits down with Adam Nelson, or some may like to call him the Top 1 Percenter. He walks us through his real estate journey that started when he was 22 during the 2008 recession. Adam also gives us the inside scoop on what he has learned in his 17 years in real estate. From the mistakes he has made to what he plans to do in the future, he gives us practical advice that you can use when starting your own real estate investment journey. ~~~~Signup for MarketMinder for FREE👇https://www.airdna.co/vacation-rental-data/app/register~~~~Read AirDNA’s Blog:https://www.airdna.co/resources/blog ~~~~Tune Into the STR Data Lab Podcast: https://podcasts.apple.com/us/podcast/str-data-lab/id1648542434~~~~Resources Mentioned Today:Grant Cardone’s Podcast: https://grantcardone.com/podcast/BiggerPockets Podcast: https://www.biggerpockets.com/blog/category/biggerpockets-podcastKris Krohn’s Instagram: https://www.instagram.com/kriskrohn/~~~~Connect with Adam on TikTok and Instagram: TikTok: https://www.tiktok.com/@top1percenter  Instagram: https://www.instagram.com/top1percenter_/~~~~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 14Huge thank you to our podcast producers at hospitality.fm!

This week Jamie Lane sits down with the Head of Acquisitions at Techvestor, Taylor Jones, to walk us through the process of acquiring short-term rentals at scale! Taylor tells us how they filter out markets by using the price-to-rent ratio. Taylor then walks us through how they narrow down which properties will perform the best based on where they are in the neighborhood and what amenities they have. Taylor explains that they buy anytime, whether the real estate market is high or low. They plan to buy about 150 properties next year. Techvestor also finished above their projected revenue for the past three months, and they plan to stay within their niche. Taylor proceeds to show us some broad short-term rental trends, real-life examples, and more! ~~~~Connect with Taylor on Twitter and Techvestor: Twitter: https://twitter.com/MrJonesSTRsTechvestor: https://techvestor.com/~~~~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.coHuge thank you to our podcast producers at hospitality.fm!Episode 13