Master AirDNA
Hello there,
Why do Airbnbs actually fail?
It's not because of the âAirbnbustâ or because a market is âoversaturated.â
No, the #1 reason most Airbnbs flop is simple: Folks just donât analyze their deals correctlyâfrom the beginning.
The good news? You can avoid this.
Here's how to properly analyze an Airbnb using the tools I personally trust to ensure a property is profitable before dropping a not-so-small fortune.
If you're about to spend hundreds of thousands on a property, maybe...just maybe...$300 on some good data isn't such a bad idea đ§
Hereâs what you need to know:
Tips for getting the data right:
- Use Tools Wisely: Platforms like AirDNA can be your best friend. They provide a ton of data and insights, but the real key is picking the right data and learning how to read it effectively. Side note: Promo code âROBUILTâ will give you a sweet little discount on the platform.
- Skip the Rentalizer: AirDNAâs "rentalizer" tool can help guide you, but you mostly definitely gotta go deeperâlike analyzing properties with 20+ reviews, ensuring theyâre hosted on Airbnb and checking review freshness.
- Days Available > 250: Only look at listings that have been tracked for 250+ days to get the clearest picture and avoid outliers.
đšRed Flags to Look For:
- Properties only hosted on Vrbo? Pass. The data is not as reliable IMO.
- Gaps in review history? It means the propertyâs probably not the steady income generator you think it is.
- Outdated comps? Throw them out. Bad data is worse than no data.
If you want to learn my in-depth process for analyzing Airbnbs, then youâre going to want to check out my Youtube video where I break down all my secrets.
Oh, and did I mention I have an Airbnb Analysis Calculator that I give away for free?
Yep. This nifty lilâ calculator takes your data and tells you if your deal is a hit or a dudâfree for you, my fellow spreadsheet nerds.
Happy Comping,
Rob
P.S. We are still putting the finishing touches on my insane Black Friday deal and OH MAN IS IT GOOD :) Stay Tuned.
P.P.S. Anyone else excited to watch Gladiator 2 this weekend?!
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