In this episode of the STR Data Lab, Jamie and Scott explore the exciting potential of investing in short-term rentals near national parks. They kick things off with a fun conversation about their personal experiences visiting these natural wonders before diving into AirDNA’s latest research.This analysis uncovers the top 10 markets for short-term rentals near national parks, focusing on key metrics like occupancy rates, average daily rates, and home values. Jamie and Scott break down the methodology behind the rankings, explaining how yield serves as a key metric to level the playing field.They reveal the top five national park markets, including New River Gorge, Mammoth Cave, and Joshua Tree, providing insights into why these locations top the list. The episode touches on significant trends such as the surge in national park visits post-pandemic and the rise in unique stays, from cabins to yurts. Finally, they offer actionable advice for potential investors, stressing the importance of understanding peak seasons and leveraging AirDNA's interactive tools to make informed decisions. Jamie wraps up by giving a special shoutout to his colleague, Linda, for her key role in pulling together this comprehensive analysis.You don’t want to miss this episode!~~~~https://www.airdna.co/blog/national-park-airbnb-markets~~~~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 97

In this episode of the STR Data Lab, Jamie is joined by Taylor Jones and John Bianchi, both experts from STR Search, a short-term rental consulting firm that helps people understand Airbnb data to invest with confidence. Together, they explore the intricacies of the short-term rental investment market, emphasizing the importance of data-driven decisions.Jamie begins by sharing his personal experience of purchasing a short-term rental with Taylor and John's help. Taylor provides insights into the advantages of understanding Airbnb data and underscores the importance of ensuring that no unprofitable properties are purchased. John, known as “The Airbnb Data Guy,” elaborates on the core principles of profitability, emphasizing that his courses and services are focused on helping people avoid unprofitable investments.The discussion covers the challenges of navigating the dynamic STR market, including rising interest rates and the increasing difficulty of finding profitable properties. The trio also explores strategies like value stacking, understanding demographics, and incorporating unique amenities to stay competitive. They touch on practical aspects of property underwriting, managing expenses, and maintaining efficient operations to ensure long-term success.The episode concludes with predictions for the STR market’s future, particularly in light of potential economic downturns. Taylor and John stress the importance of strategic thinking and identifying resilient investment areas.You don’t want to miss this episode!~~~~https://www.strsearch.com/https://www.youtube.com/c/JohnBianchipointanalytics~~~~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 96

In this episode of the STR Datalab, Jamie and Scott kick off by discussing their summer experiences and share their favorite Olympic moments, while exploring how the Paris Olympics have influenced the short-term rental industry. The hosts highlight a significant boost in Airbnb listings and demand during the Olympics, driven by an expanded supply in Paris. The episode also unpacks Airbnb’s Q2 2024 earnings report, noting strong growth tempered by concerns over shortening booking lead times and a dip in U.S. guest demand.Jamie and Scott examine the factors behind these trends, including economic uncertainties, upcoming elections, and shifting guest behaviors. Jamie points out a shift toward mobile bookings, with Airbnb increasingly relying on its app, and discusses the strategic partnership between Sonder and Marriott, which underscores evolving strategies in the STR space.They also recap July 2024 STR performance, crediting positive demand growth to peak summer travel while warning of potential market uncertainties ahead. Key metrics like occupancy, average daily rates, and RevPAR are analyzed, revealing growth in urban areas but declining rates in coastal and rural regions. The episode also touches on macroeconomic influences, including recent Fed actions, and how these may shape future STR trends.Jamie wraps up with a forward-looking view, predicting demand growth for August, boosted by an early Labor Day, but expressing caution about rate fluctuations. 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 95

In this episode of STR Data Lab, host Jamie Lane sits down with Niko Karstikko, CEO and co-founder of Bob W, a unique hybrid hospitality brand. Niko shares the vision behind Bob W, a concept that blends the best features of hotels and short-term rentals, ensuring branded consistency, high-quality experiences, and a strong connection to local culture.Throughout the conversation, Niko elaborates on the technology-driven approach that reduces human error and enhances responsiveness to guests. He discusses the company's expansion across Europe, their innovative business model combining leases and management agreements, and the strategies that keep them profitable.Niko reflects on his journey into entrepreneurship, recounting the early challenges of gaining trust and forging partnerships with commercial real estate stakeholders. The discussion also touches on sustainability, highlighting Bob W’s commitment to reducing emissions and transparently sharing their impact.The episode concludes with a look at the economic landscape of the hospitality industry and Bob W’s strategic positioning to navigate potential economic downturns. With a unique blend of technology, sustainability, and exceptional customer service, Bob W is set to become a frontrunner in the hospitality sector.You don’t want to miss this episode!~~~~https://bobw.co/~~~~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 94

In this episode of the STR Data Lab, Jamie Lane welcomes Ben Gross, CEO of Minty Living, as their first two-time guest. Ben provides an overview of Minty Living, highlighting its growth and technological advancements over the past four years. The conversation explores the challenges and importance of technology in scaling operations in the short-term rental market. Ben discusses the operational complexities and his approach to integrating technology for better efficiency and profitability. They delve into how Minty Living manages to maintain high guest experience scores and operational efficiency at scale. Ben shares insights on handling market changes, regulatory impacts, and macroeconomic forces affecting the industry. The discussion also touches on the challenges of tech-enabled service providers and the build vs. buy dilemma. The conversation shifts to the broader urban short-term rental market, addressing declining RevPAR, supply dynamics, and investor sentiment. Ben elaborates on how he uses data to drive business efficiencies and optimize vendor performance. He also talks about the potential for collaboration with local governments and other vacation rental managers. Ben concludes by reflecting on Minty Living's journey towards profitability and future plans to leverage their findings to help other vacation rental operators. You don’t want to miss this episode!~~~~https://mintyliving.com/https://www.instagram.com/mintyliving~~~~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 93

In this episode of the STR Data Lab, Jamie Lane sits down with Michael Elefante, a successful real estate investor specializing in short-term rentals. Michael shares his inspiring journey from aspiring professional baseball player to achieving financial freedom through real estate. They explore pivotal themes like market selection, property and revenue management, and the critical role of design in attracting bookings. Michael offers insights into overcoming initial struggles, the significance of diversifying investments, and leveraging other people's money for expansion. Discussions highlight tools like AirDNA and Airbnb, effective strategies for evaluating property managers, and the impact of social media in scaling his business. The episode also delves into operational tactics, such as dynamic pricing and daily revenue management, along with personal anecdotes on maintaining properties and enhancing guest experiences. He presents practical tips for achieving high rental income and underscores the necessity of adapting to industry changes. Michael's book, 'Investing in Short Term Rentals: The Fast Path to Financial Freedom', gets introduced, along with his optimistic outlook on the future of short-term rentals.You don’t want to miss this episode!~~~~https://www.instagram.com/melefante6~~~~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 92

In this episode of the STR Data Lab, Jamie sits down with Mike Sjogren, CEO of STR Secrets. Mike shares his journey from being a CPA with a stable job to building a successful short-term rental business after his son was diagnosed with a rare lung disease. He explains how he transitioned from owning one rental property to managing 82 properties across three states. Mike delves into the importance of co-hosting, comparing it to rental arbitrage, and highlights the benefits of co-hosting in terms of scalability and reduced risk. He stresses the significance of having clear goals, suitable property selection, and efficient revenue management. Mike also discusses how his STR Secrets coaching program helps individuals build their rental portfolios and achieve financial independence. The conversation covers practical strategies for acquiring properties, optimizing listings, and maintaining high guest satisfaction. Mike emphasizes the need for well-defined standard operating procedures (SOPs) and the importance of surrounding oneself with capable team members. He also sheds light on the changing dynamics of the short-term rental market, particularly post-COVID, and how co-hosting can be a viable path for newcomers and experienced hosts alike. Towards the end, Mike shares his vision to help a million people achieve financial independence through short-term rentals and discusses the personalized support provided by STR Secrets. Jamie and Mike conclude with advice on staying focused on one's goals and filtering out distractions.You don’t want to miss this episode!~~~~Mike’s Facebook Community - https://www.facebook.com/groups/STRentalsecrets~~~~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 91

In this episode of the STR Data Lab, host Jamie Lane sits down with Dr. Rachel Gainsbrugh, CEO of Short Term Gems, to explore insights into short-term rental data and trends. Rachel shares her journey from being a pharmacist to becoming a thriving short-term rental operator. She recounts how the Bigger Pockets community and Warren Buffett’s advice to "make money while you sleep" sparked her interest in real estate investment.Rachel highlights the critical factors like debt-to-income ratio and lending products that influence portfolio construction. She emphasizes the importance of communication, convenience, and connection in maintaining luxury and customer satisfaction in short-term rentals. Jamie and Rachel explore the significance of automated communication and leveraging midterm rental markets, particularly insurance policyholders and media crews. Rachel offers tips on how to make properties more attractive for midterm guests by focusing on quality amenities and being pet-friendly. Rachel stresses using tools like AirDNA to make informed decisions and encourages listeners to take proactive steps in their own real estate journeys. The episode concludes with Rachel advocating for the powerful impact of short-term rental investments, sharing resources for aspiring investors. Dr. Rachel’s story is an affirmation that with informed strategy and a passion for serving guests, anyone can create a successful and meaningful short-term rental business.You don’t want to miss this episode!~~~~www.instagram.com/short.term.gems~~~~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 90

In this episode of the STR Datalab, hosts Jamie Lane and Scott Sage explore the future of short-term rental markets over the next five years. The discussion kicks off with insights into recent vacation rental demand, notably influenced by population shifts during the COVID-19 pandemic. They delve into their predictive methodology, emphasizing factors like population growth, employment, and feeder cities. Jamie explains the concept of feeder cities and their significance in anticipating rental demand. They use historical data and projections from sources like the U.S. Census and Oxford Economics. The episode reveals top markets like Corpus Christi and Galveston, and identifies weaker prospects in Wisconsin and California. The hosts also highlight the importance of yield in investment decisions, giving examples such as the North Georgia mountains. The conversation concludes with a teaser on upcoming reports and webinars detailing their economic outlook and short-term rental performance. Scott and Jamie emphasize the importance of taking a comprehensive view of market conditions and avoiding overreliance on single factors. They suggest practical applications for existing hosts, including targeted marketing and seasonal planning. Insights into migration trends and their long-term impact on the STR market are discussed in detail. There's a focus on how economic conditions in feeder cities like Houston and Dallas influence surrounding vacation areas. The episode ends with encouragement for listeners to consult the detailed report for further information.You don’t want to miss this episode!~~~~https://www.airdna.co/blog/best-vacation-rental-markets-in-the-next-5-years\~~~~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 89

In this episode of STR Data Lab, Jamie Lane, Chief Economist at AirDNA, welcomes Nils Mattisson, CEO and co-founder of Minut. The discussion begins with the founding story of Minut, a company focused on privacy-preserving monitoring solutions for short-term rentals. Nils explains how their technology leverages AI and edge computing to help hosts monitor their properties without invading guest privacy. The two cover the importance of noise monitoring in maintaining good relationships with neighbors and complying with local regulations. Nils details how Minut’s devices analyze environmental sounds without recording them, maintaining privacy while reducing noise complaints by up to 90% in targeted areas.Jamie and Nils also touch upon the resistance from property managers due to privacy concerns, which often contrasts with the guests' understanding and acceptance of non-intrusive monitoring. They discuss Minut's use of AI to differentiate between types of noise and the company’s open API that allows integration with other property management systems. Nils shares insights from his background at Apple and how it influenced Minut’s approach to privacy and data collection. The conversation also addresses the implications of Airbnb's ban on cameras and party regulations, suggesting a favorable environment for noise monitoring solutions. Looking forward, Nils envisions more AI-enhanced workflows and further hardware innovations tailored for the short-term rental industry. The episode wraps up with thoughts on the evolving landscape of smart home devices in rental properties and how they could be better integrated.You don’t want to miss this episode!~~~~Connect with Nils:linkedin.com/in/nmattisson~~~~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 88