STR Data Lab™ by AirDNA

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

What areas are seeing the highest amount of demand? Two hundred fifty thousand new jobs were added in November; does that mean there is a smaller chance of a recession? Are ADRs going up or down? Are people still buying second homes when the interest rates are this high? This week we answer all these questions and more with Jamie Lane and Mariah Kamei!In November, nights booked increased 13% year-over-year, but this is the weakest reading that we have seen in 5 months. People are still traveling and are looking forward to exploring more hidden gems next year because demand is here to stay in the small-town rural areas. Urban markets are also making a comeback in the year to come; people are ready to explore cities again. ~~~~Read the November Review: https://www.airdna.co/blog/airdna-market-review-us-november-2022~~~~Latest BLS Jobs Report:https://www.bls.gov/news.release/empsit.nr0.htm~~~~Latest Inflation (CPI) Report: https://www.bls.gov/news.release/cpi.nr0.htm~~~~Federal Reserve FOMC Statement: https://www.federalreserve.gov/newsevents/pressreleases/monetary20221214a.htm~~~~Market Recovery Monitor from Smith Travel Research: https://str.com/data-insights-blog/market-recovery-monitor-week-ending-10-december~~~~TSA Passenger Throughput: https://www.tsa.gov/coronavirus/passenger-throughput~~~~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.coHuge thank you to our podcast producers at hospitality.fm!Episode 12

As 2022 comes to a close, many economic forecasters are predicting at least a mild recession in 2023. Yet data shows that the #vacationrental industry has more cause to stay optimistic than despair. This month, VP of Research Jamie Lane joins VP of Marketing Mariah Kamei to provide data-driven insights to help you prepare your #airbnbbusiness for 2023.Demand in 2023 will continue along a more mature path, further growing by 5.5% year-over-year, and while demand rises, this will cause occupancy to continue to fall. With the rise in interest rates, growth for nights listed will be 9%, less than in 2022. Economic pressures and inflation-weary consumers will lead to small ADR gains of 1.7% in 2023. This is why we recommend keeping pace with your competitors and changing your pricing throughout the season. Still, have questions? Tweet Jamie Lane @Jamie_Lane for data-driven responses!~~~~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~~~~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 11

This week we sat down with Jaren Sustar (JD), the man behind the hat, the finance cowboy, and someone with a very interesting success story in the short-term rental world. He has an amazing work ethic, and he believes that this was one of the keys to being a successful serial entrepreneur. He has been in the business for 6 years and gives his take on the current state of the short-term rental market. JD also explains that you should not always bank on falling interest rates. You should be cautious when making investments and always make data-back decisions. ~~~~Connect with JD on Instagram: https://www.instagram.com/financecowboy/~~~~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~~~~Read “Hotels vs. Airbnbs: 3 Things Rental Hosts Need to Know About Lodging Competition in 2023”: https://www.airdna.co/blog/3-things-airbnb-hosts-need-to-know-about-hotels ~~~~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 Huge thank you to our podcast producers at hospitality.fm!Episode 10