This kind of information shows the overall increase or decrease of active listings in an area on a month-by-month basis. Knowing the history of listings can come in handy. This is the kind of information which may influence a host’s decision on whether or not to list a similar type of property. While the market for shared rooms or large 4-bedroom properties may be smaller, there will also be fewer competitors. While there may be a large demand for these kinds of properties, it may also mean that it will be harder for a new property to stand out amongst a large number of competitors. Image courtesy of AirDNA.īy taking a look at this chart, it’s easy to see that private and 1-bedroom listings are extremely common, consisting of over half of the listings. AirDNA provides data using only actively rented properties to ensure that the information is accurate and practical. This is important because it can identify what kinds of properties are the most common or show you a niche market without much competition that you can take advantage of. At AirDNA, they go a step further and provide a basic breakdown of how many of each type of rental property is available. Most vacation rental reports will include basic information about your chosen city, including population, number of homes in the city, and the average income of its residents. Here, you’ll find a quick breakdown of the different kinds of details available to you. With the growing demand for vacation rentals, there is an increasing availability of data service companies that give hosts the information they need to maximize profits from their vacation properties.
To illustrate this, we’ve taken raw stats presented by AirDNA to educate you about what real-life practical solutions you can use to increase your occupancy. The tricky thing about working with data is taking all the new terms and graphs and extracting not just the basic information, but understanding the underlying reason for why these specific qualities can increase or decrease the profitability of your vacation rental.
Whether you’re an experienced host, just getting started, or are still thinking about whether you should get in on the action, we want to help you decipher the wealth of information at your fingertips to make the most of your property’s potential. People all over the world have recently been supplementing their income through renting out spaces in their homes as vacation rentals.
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