STR Data Labâ„¢ by AirDNA

In this episode of the STR Data Lab, Jamie Lane, Chief Economist at AirDNA, is joined by Rebecca Lombardo, a fractional CMO and marketing strategist. Jamie and Rebecca discuss the meaning of a fractional CMO and its role in the vacation rental industry. Rebecca shares her journey into the vacation rental space, starting as a CMO at True Place, a company specializing in photography and virtual tours for vacation rentals.  The conversation covers the difference between listing and marketing a property, including the importance of understanding your audience through market research. Rebecca explains how to generate demand by tailoring marketing efforts to resonate with guests and homeowners, rather than relying solely on platforms like Airbnb or VRBO. She emphasizes the value of data in determining where to focus marketing efforts, such as social media demographics and email engagement.  The episode also touches on measuring the success of marketing strategies through various funnel stages, from initial engagement to conversions. Rebecca advises hosts on the initial steps for developing a marketing strategy and highlights the significance of identifying and targeting a niche audience. The importance of building a brand that stands out in a crowded market is discussed, including the potential to attract both guests and homeowners. Jamie and Rebecca also explore strategies for owner acquisition, particularly within specific communities, and the advantages of organic growth through word-of-mouth. During times of economic uncertainty, Rebecca stresses the importance of maintaining marketing efforts to capitalize on future opportunities.  The discussion includes insights on organic and paid social marketing, as well as the benefits of investing in marketing during downturns. Finally, Rebecca provides her perspectives on engaging in effective marketing and adapting to changing market conditions. You don't want to miss this episode! ~~~~ https://www.linkedin.com/in/rebeccabredholt/ ~~~~ Signup for AirDNA for FREE

In this episode of the STR Data Lab, Jamie Lane, Chief Economist at AirDNA, is joined by Bram Gallagher, Director of Forecasting at AirDNA. The duo discusses several pressing topics within the short-term rental industry and broader economic indicators. They begin by reviewing March performance and early April trends, noting a mixed story influenced heavily by recent tariff announcements. Despite a challenging 2023, 2024 saw positive momentum, particularly in mountain resorts benefiting from good snowfall. However, March presented a slight decline in demand growth and occupancy rates, partly due to a calendar shift with spring break and Easter moving to April.  Urban markets saw significant new listings, leading to a notable increase in supply, especially in cities like Jersey City and Newark, following New York's short-term rental regulations. Interest rates, inflation, and consumer confidence are discussed in depth. Bram notes a hesitant stance from the Fed to lower interest rates due to inflationary pressures. Employment remains strong, but consumer confidence and business sentiment have declined.  The discussion also touches on the impact of exchange rates on international travel, with Americans potentially favoring domestic destinations due to a weaker dollar against the Euro. Further, summer travel pacing shows positive trends in traditional vacation rental markets but sluggish demand in urban and suburban areas. Lastly, the episode delves into price evolution, with March showing smaller increases in average daily rates (ADRs) compared to January and February, highlighting affordability concerns amid economic uncertainties. Bram concludes with a look ahead, emphasizing the importance of monitoring layoffs and wage inflation as critical indicators for the economic outlook. You don't want to miss this episode! ~~~~ Signup for AirDNA for FREE

In this episode of the STR Data Lab, Jamie Lane is joined by John An, founder of TechTape. The two share insights into navigating today's volatile travel market. Jamie highlighted that 2024 is shaping up to be a more challenging year, with signs of softening demand in several U.S. markets. He pointed to Washington, D.C. as a key example, where government-related travel is slowing due to federal budget tightening. John emphasized that revenue management today is more about feel and adaptability than relying solely on hard data. He compared it to driving—requiring constant micro-adjustments rather than abrupt turns. Jamie supported this idea, adding that operators who watch their pacing, ADR, and occupancy weekly or even daily are the ones staying ahead. John mentioned that too many small operators still use a “set it and forget it” approach to pricing, which is risky in the current environment. He explained that intuition should be paired with data to make smart, timely decisions. Jamie echoed that sentiment, noting that even in tough markets, success is possible with active monitoring and responsiveness. John said the best operators act like football coaches—adjusting their strategy based on how the “game” (market) is playing out, not just on a pre-written playbook. Both speakers agreed that frequent check-ins—weekly or bi-weekly—on business performance are critical. John stressed that there's no one-size-fits-all model, and pricing strategies need to be fluid. Jamie added that being proactive instead of reactive is a key differentiator right now. They concluded that the combination of consistent data review and strategic intuition is what separates good operators from great ones. Ultimately, staying close to the numbers while understanding the story behind them is the best path forward. You don't want to miss this episode! ~~~~ www.https://www.gettechtape.com/ ~~~~ Signup for AirDNA for FREE

In this episode of the STR Data Lab, Jamie Lane, Chief Economist at AirDNA, chats with Bill Faeth, founder of Build Short-Term Rental Wealth and a 30-year real estate investor. Bill shares his journey into short-term rentals, which began in 2015 after a convincing conversation with an electrician friend. He describes transition from traditional real estate to short-term rentals by purchasing his first property in Gulf Shores, Alabama.  Bill provides insights into his investment strategy, influenced by the Pumpkin Plan book, and breaks down his unique approach to creating 'super properties.' He explains that successful investments rely on leveraging unique attributes like views, proximities, and amenities—elements that make properties stand out in specific markets. Bill emphasizes the importance of patience and the ability to hold out for ideal investments, rather than compromising on less optimal properties. The dialogue extends into financial advice, indicating that now, amidst market volatility, is a prime time for confident investors to make strategic buys, provided they understand both the cash flow potentials and potential depreciation of their purchases.  The conversation also delves into identifying markets that others may overlook, leveraging various data points to mitigate risks and maximize returns. Bill discusses the significance of outdoor enhancements and views, over just the property's internal features, to substantially boost earnings. He advises listeners on practical approaches like employing multiple data tools, grading properties strategically, and capitalizing on off-market opportunities to ensure investments align with long-term goals. The episode underscores the importance of thinking beyond conventional strategies by using comprehensive data and innovative planning for generating superior returns in short-term rental investments. You don't want to miss this episode! ~~~~ https://go.buildstrwealth.com/superpropertygrader https://www.instagram.com/billfaeth73/ ~~~~ Signup for AirDNA for FREE

In this episode of the STR Data Lab, Jamie Lane, the Chief Economist at AirDNA, is joined by Andrew Keller, a short-term rental photographer and founder of ISOneedphotos. Andrew shares the importance of professional photography for short-term rentals, emphasizing how it can significantly improve booking rates. He outlines his journey into photography, starting from a young age and transitioning into short-term rental photography around December 2020.  Andrew highlights the common mistakes property owners make by using amateur photographs, noting that lack of professional photos can cost potential bookings. He discusses the evolution of his own photographic style, emphasizing the importance of providing a variety of photos, including drone shots, twilight shots, and interior shots from multiple angles. Andrew mentions how his extensive experience, which includes photographing properties in 22 different states and Costa Rica, has honed his skills. He believes in dedicating a full day to a shoot to capture the best light at different times of the day. He also offers advice on staging for short-term rental photography, stressing the importance of details like setting the dining table, filling the hot tub, and ensuring sufficient matching plates and utensils. Jamie corroborates the importance of professional photography, sharing personal anecdotes about how professional photos helped answer guest questions and lowered guest dissatisfaction.  Andrew provides tips for those considering DIY photography, such as holding the camera at light switch height and managing lighting. He advises on how to find a good local photographer by checking their recent work on Airbnb listings and stresses thorough preparation of the property before the photographer's visit, ensuring it is guest-ready. Andrew shares his future goals of investing in his own short-term rental property and talks briefly about his co-hosting experiences. He also offers contact details for those interested in his services and emphasizes his commitment to helping clients increase bookings through top-tier photography. You don't want to miss this episode! ~~~~ Andrew Keller Contact Info: https://isoneedphotos.com/ 423-316-1967 ~~~~ Signup for AirDNA for FREE

In this episode of the STR Data Lab, Jamie Lane, the Chief Economist at AirDNA, is joined by Bram Gallagher, Director of Economic and Forecasting at AirDNA, to discuss current economic uncertainties and their potential impact on the lodging industry. They delve into the new presidential administration and recent fluctuations in the stock market, which have introduced significant uncertainty.  Despite strong fundamentals in unemployment rates and GDP growth, consumer sentiment and the economic policy uncertainty index show signs of concern, with the latter reaching its highest level since COVID-19. A notable topic is the influence of tariffs, including their imposition and the ensuing trade wars impacting international travel. Canadian travel to the U.S. has notably decreased, with several flight routes canceled, significantly affecting markets with high Canadian tourist reliance.  Additionally, stock market volatility influences consumer spending through the wealth effect, potentially curbing leisure travel plans. The discussion also covers sectors like business travel, where cuts and price sensitivity have emerged. The participants conclude that current data still supports strong economic performance, but the downside risks necessitate vigilance over future metrics and trends. Concerns such as tariff impacts, inflation, and travel behavior shifts underscore the importance for lodging operators to stay informed and adaptable in their strategies. You don't want to miss this episode! ~~~~ Signup for AirDNA for FREE

In this episode of the STR Data Lab, Jamie Lane, the Chief Economist at AirDNA, and co-host Scott Sage, SVP of Marketing & Customer Experience, discuss short-term rental performance for February 2025. They start by noting strong overall demand, with a 5% year-over-year increase, although the first weeks of March showed a decline. Supply growth, marked at 3.9%, shows stabilization despite some markets seeing negative growth. They delve into detailed metrics like RevPAR, which rose 5%, and an ADR increase of 6%.  The conversation covers the impact of recent events like March Madness, the Super Bowl in New Orleans, and Beyonce's concert tour. Jamie discusses economic indicators, forecasting potential impacts due to factors like tariffs, taxes, and slowed government bookings, which could lead to declines in certain markets. They touch on internally-focused metrics like ADR and the repeat rent index, noting positive trends. Forward-looking, Jamie expresses cautious optimism for the short-term rental market's first half of the year, despite broader economic uncertainties.  The hosts emphasize the need for rental operators to stay vigilant of market-specific data, especially in light of potential travel slowdowns and macroeconomic concerns. Finally, they discuss March events like St. Patrick's Day and highlight the importance of local market expertise and constant monitoring of pacing data to adjust strategies effectively. You don't want to miss this episode! ~~~~ Signup for AirDNA for FREE

In this episode of the STR Data Lab, Jamie Lane, the Chief Economist at AirDNA, welcomes Assaf Karmon, CEO and co-founder of Turno. The discussion dives into Turno's platform, which helps short-term rental owners find reliable cleaners, automate scheduling, and essentially autopilot their business. Assaf describes his initial venture into short-term rentals, emphasizing the challenges he faced, leading to the creation of Turno—a marketplace for vacation rental cleaners in multiple countries. Jamie shares his personal experience using Turno and highlights its efficiency in sourcing cleaners. They discuss the variance in cleaning fees and how Turno's vetting process helps in choosing the right cleaners.  The conversation also touches on features such as tracking cleaner projects, guest cleanliness scores, and creating a redundant team of cleaners for reliability. Assaf explains the importance of managing exceptions and maintaining a team for backup. They delve into automating various aspects of property management beyond cleaning, including maintenance and inventory tracking. Assaf also brings up an interesting customer success story that underscores the seamless automation provided by Turno. Jamie raises concerns about potential risks in automation, and Assaf reassures him with Turno's support in crisis situations.  They discuss the range of Turno's clients, from small hosts to large property managers, and Assaf shares insights on the highest cleaning fees and challenges in sourcing cleaners in specific markets. Assaf emphasizes the importance of using automation to save time and mental capacity, encouraging hosts to focus on bigger ventures. He concludes by sharing how to reach out to Turno and himself for further queries. You don't want to miss this episode! ~~~~ https://turno.com/ ~~~~ Signup for AirDNA for FREE

In this episode of the STR Data Lab, Jamie Lane, the Chief Economist at AirDNA, and Eric Goldreyer, the CEO and Founder of Savvy. Eric shares his rich history in the vacation rental industry, dating back to 1995 when he and his wife founded bedandbreakfast.com. The website became the leading platform for bed and breakfast listings and property management software. Eric recalls his journey, from creating central reservation systems, to selling bedandbreakfast.com, taking time off, and eventually pioneering new ventures like Turnkey Vacation Rentals and Funair.  He highlights the pain points property managers face with high distribution costs and how the Savvy platform aims to address these issues. Savvy offers a fresh approach with a no-fee model, aiming to facilitate direct bookings for vacation rentals, thereby saving costs for property managers and guests. Eric delves into the company's strategy, including maintaining algorithms that ensure high-quality matches between guests and properties. He emphasizes the importance of providing great hospitality, managing distribution costs, and building repeat and word-of-mouth business.  The conversation takes a deeper dive into the competitive landscape, where Eric stresses that Savvy doesn't aim to replace OTAs but complement them by offering an alternative that reduces booking costs. Jamie and Eric also discuss the importance of effective direct booking sites for property managers and the evolving dynamics of website quality, revenue management, and the role of property managers. Eric concludes by envisioning a future where Savvy is successful, benefiting both travelers and property managers, and addresses the challenges and opportunities within the vacation rental industry. He provides insights into what new property managers should focus on, drawing from his extensive experience in the sector. You don't want to miss this episode! ~~~~ Signup for AirDNA for FREE

In this episode of the STR Data Lab, Jamie Lane, the Chief Economist at AirDNA, and Scott Sage, SVP of Marketing, discuss the performance of the Short-Term Rental (STR) market in January. The episode highlights data from Airbnb, Booking.com, and VRBO's Q4 reports, revealing a 12-19% increase in nights booked across platforms. Jamie emphasizes the importance of being multi-channel listed to maximize bookings. Supply growth was reported at 4.3%, while demand growth surged to 8.9%, resulting in over 20 million nights booked, predominantly for spring break. Market dynamics in the U.S. showed record-high January bookings, with an Advanced Daily Rate (ADR) increase of 5% year-over-year. Despite inflation concerns, January provided a strong start, with higher booking volumes and pricing power.  The discussion extends into interest rates and their impact on the STR market, mentioning a slight decline in 10-year treasuries and 30-year fixed-rate mortgages. Specific market performance is dissected, noting strong demand in mountain and lake areas due to favorable weather. Additionally, small cities and rural markets experienced a 23% demand growth. Jamie also provides insights into challenges for standardized properties, urging hosts to differentiate through better amenities. Lastly, the episode addresses the continued impact of natural disasters like hurricanes and fires on bookings in affected areas, indicating a possible decrease in specific markets like Los Angeles and Maui. Jamie concludes with potential macroeconomic impacts, including government job cuts and cross-border travel trends between Canada and the U.S. You don't want to miss this episode! ~~~~ Signup for AirDNA for FREE

In this episode of the STR Data Lab, Jamie Lane, chief economist at AirDNA, sits down with Jonah Hanig, CEO of Rove Travel. Jonah shares his journey from Chicago suburbs to New York City, his stint as an investor, and the experiences that inspired the founding of Rove Travel. He recounts how living in various Airbnbs during the pandemic was a mixed bag and spurred him to create a consistent luxury home rental marketplace.  The conversation delves into the challenges and strategies for ensuring high quality and service in luxury travel. Jonah explains how Rove Travel aims to bridge the gap between short-term and midterm rentals in New York, emphasizing that they started with a focus on midterm rentals in compliance with local laws. They discuss expansion into other luxury markets like the Hamptons, Aspen, and Southeast Florida, acknowledging the operational complexities involved. Jonah describes their distribution strategy, leveraging platforms like Airbnb, Vrbo, and their direct booking platform, Rovetravel.com. He highlights the importance of property quality and exemplary service, sharing anecdotes and challenges they faced in maintaining high standards. The discussion also covers how Rove Travel differentiates itself from traditional rentals and high-end hotels, offering properties that justify their rates through superior service and amenities. Jonah sheds light on their homeowner strategy, emphasizing investment properties over primary residences. He explains that their business thrives on word-of-mouth, good results, and strategic market expansion. The podcast concludes with insights on the future of the luxury rental market and advice for prospective investors, emphasizing the importance of understanding market dynamics and leveraging asymmetric information. You don't want to miss this episode! ~~~~ www.rovetravel.com https://www.instagram.com/rove_travel/ ~~~~ Signup for AirDNA for FREE

In this episode of the STR Data Lab, Jamie Lane, chief economist at AirDNA, sits down with Catherine Rathcliffe to discuss recent developments affecting short-term rentals, especially in Canada. The conversation shifts from past topics like insurance and HR to focus on the significant news in Canadian short-term rentals. With the Trump's administration's proposed tariffs and heightened political tensions, both Canadian and American operators are feeling the impact. Rathcliffe, a repeat guest, brings her expertise on Canadian travel and economic implications. She reflects on the historical relationship between the U.S. and Canada, highlighting how the falling Canadian dollar and political tensions are affecting travel behaviors. She notes that 20 million Canadians visited the U.S. last year, making up a significant portion of international visitation, while Canadians represented 3% of U.S. demand in short-term rentals last year. The current environment promotes a sense of patriotism in Canadians opting for domestic travel, potentially influencing similar sentiments among Americans considering travel to Canada.  The discussion also touches on local regulations in Montreal and British Columbia, and their impact on the short-term rental market. Rathcliffe suggests that enforcement nuances and public-private collaborations play a role in how these regulations are implemented. As political figures change, upcoming elections could further influence travel and economic policies. Despite these challenges, Rathcliffe remains optimistic about opportunities in the short-term rental market, predicting continued change and emphasizing the importance of being mindful of family protectionism and economic decisions. Lastly, Rathcliffe encourages everyone to vote and ensure their voice is heard in these politically turbulent times. You don't want to miss this episode! ~~~~ Signup for AirDNA for FREE

In this episode of the STR Data Lab, Jamie Lane, Chief Economist at AirDNA, interviews Brandy Canaley, COO of Roami and fellow GMH podcast host. They delve into the complexities and strategies of managing short-term rentals during major events such as the Super Bowl, Mardi Gras, and Taylor Swift concerts. Brandy shares her expertise on operations, pricing, and staffing challenges that arise when markets are near full occupancy. Roami operates about 800 units in urban environments like South Florida and New Orleans, where high ADR events are common.  They discuss the advance planning required for these events, from ensuring units are cleaned on time to coordinating with contracting agencies for extra help. Brandy emphasizes the importance of meticulous planning, setting proper expectations for guests, and managing last-minute bookings. The conversation touches on the impact of local regulations on short-term rental markets, using New Orleans as a case study. Additionally, Brandy talks about the need to balance high rates with guest satisfaction and how small gestures can enhance the guest experience. She advises smaller hosts to streamline operations and be prepared for higher clean-up requirements post-event.  The interview also covers tips for making rental listings stand out during high-demand periods. Brandy shares insights on managing listings' location descriptions and leveraging amenities to attract guests. She also highlights the importance of maintaining calm under pressure and rewarding staff after high-demand weekends. Finally, Brandy invites listeners to learn more about Roami's short-term rentals in Miami and New Orleans and to tune in to the GMH podcast for further industry insights. You don't want to miss this episode! ~~~~ Signup for AirDNA for FREE

In this episode, Jamie Lane, Chief Economist at AirDNA, is joined by Dave Meyer, Head of Real Estate Investing at BiggerPockets, to delve into the intricacies of the housing market. The discussion touches on the dynamics of short-term rental investments and the broader housing market, highlighting why understanding these trends is crucial for investors. Dave reflects on the volatility of affordability and mortgage rates over the past year and the factors affecting home values. They also discuss the disparity between affordability and home values, noting that more Americans are spending a larger portion of their income on housing.  The conversation transitions to the rental market, where multifamily rents have decreased and single-family rents have remained stable, influenced by a surge in multifamily supply amidst a housing shortage. Dave suggests that while rent growth has stagnated, there might be bullish trends starting in 2026 as supply normalizes. They address the impact of institutional versus small investors in the current market landscape, pointing out a pullback in large-scale institutional investments, which opens opportunities for small, diligent investors. The concept of Build to Rent, where entire communities are developed solely for rentals, is introduced as an ongoing trend.  The discussion pivots to short-term rentals, emphasizing how small capital investments in amenities can yield high returns, contrasting with long-term rental strategies. Dave advises patience as a crucial strategy for 2025, as well as looking for properties with hidden value through creative improvements and zoning changes. The need for a localized approach in identifying investment opportunities is highlighted, along with the benefits of understanding infrastructural developments in certain areas.  The episode concludes with Dave encouraging listeners to leverage their unique advantages as small investors and emphasizing the importance of taking a long-term view on investments. For more insights, listeners are directed to BiggerPockets' resources and Dave's podcast, On the Market. You don't want to miss this episode! ~~~~ Signup for AirDNA for FREE

In this episode of STR Data Lab, Jamie and Scott discuss the 2025 edition of the Best Places to Invest (BPTI) report. Jamie shares insights into booking trends and the significant importance of January and February for the year's performance. The BPTI report aims to identify the top markets for investment based on a decade's worth of data. It's built on a robust methodology, focusing on investability, demand, revenue, and regulation, and offers a macro-level view but introduces price-tier segmentation for more personalized investment guidance. This year's BPTI uses newly improved metrics, including a focus on homes currently for sale, applying granular data from 250,000 homes to refine investability scores. The podcast unveils the top five markets for 2025: Crescent City, CA; Columbus, GA; Akron, OH; Fairbanks, AK; and Peoria, IL. Additionally, the report underscores trends like strong performance in midsize cities and introduces new filters for price tiers, providing diverse market opportunities from low to high investment brackets.  Jamie and Scott break down the specificities of each market, touching upon key metrics, evolving supply and demand, and regulations. They also provide instructions for utilizing AirDNA's platform to tailor individual investment strategies based on personal criteria and market preferences. You don't want to miss this episode! ~~~~ Signup for AirDNA for FREE

In this episode of STR Data Lab, Jamie sits down with Lydia Patel, a full-time pharmacist and short-term rental investor. Lydia shares how she started in the short-term rental market in 2020, initially learning about long-term rentals before transitioning. She talks about how she turned a tiny house in her backyard into a successful Airbnb listing. Covering her experience, Lydia mentions how analyzing data plays a crucial role in her investment decisions, driven partly by her healthcare background. She highlights the importance of looking at similar listings, their occupancy, and average daily rates to estimate revenue accurately. Lydia also shares insights on choosing investment markets, specifically how she settled on Northern Florida for a family-friendly environment.  The conversation further dives into her market analysis process and her interest in Wisconsin Dells, only to decide against it after a deeper dive due to oversupply concerns. Lydia explains her practice of regular market reviews, which helps her stay competitive and informed about new listings and market dynamics. As she considers adding a pool to her Florida property, she weighs the pros and cons, emphasizing the importance of concrete data in her decision-making process.  Finally, Lydia touches on her long-term plans, discussing the potential of adding new properties to her portfolio and her philosophy of treating guests as if they were family. Throughout the episode, Lydia stresses continuous learning and consistent market analysis to refine her short-term rental business. You don't want to miss this episode! ~~~~ https://www.youtube.com/@lydiapatelll ~~~~ Signup for AirDNA for FREE

In this episode of the STR Data Lab, Jamie Lane sits down with Nikkei Rosenberg, a real estate agent from Savvy Realty, discussing the importance of finding the right real estate agent for short-term rental investments. Nikkei shares her extensive background in vacation rental management, starting from a young age in St. Augustine, Florida. She highlights her journey, including her roles at Vacasa and building a property management company.  Nikkei emphasizes the importance of understanding local regulations and having a strong network of vendors. She offers advice on how to identify competent real estate agents and stresses the necessity of thorough due diligence, including generating accurate income projections and understanding all operational expenses. Nikkei addresses the challenges in the North Florida market, such as higher interest rates and insurance costs, but highlights the opportunities that exist for savvy investors. She talks about the importance of property setup and the meaningful impact of unique branding and high-quality amenities. Nikkei sees current market conditions as an opportunity for those willing to put in the work and adapt to the evolving market dynamics.  She encourages potential investors to not be deterred by high interest rates and to focus on the long-term benefits, including potential future refinancing opportunities. Nikkei emphasizes the importance of surrounding oneself with a knowledgeable team and being prepared for the complexities of short-term rental investments. She concludes by offering her availability for consultations and encouraging aspiring investors to pursue their vision and not be afraid of failure. The episode ends with a call to action for listeners to connect with Nikkei through various social media platforms for more insights and to stay updated on new deals. You don't want to miss this episode! ~~~~ 10% of Code: strdatalab Visit airdna.co and enter the code at check out ~~~~ Signup for AirDNA for FREE

In this episode of the STR Data Lab, Jamie Lane, Chief Economist at AirDNA, discusses with Skift CEO Rafat Ali the future trajectory of Airbnb. The conversation delves into potential new business lines for Airbnb as it aims to launch billion-dollar ventures by 2025 and 2026. Lane talks about the need for Airbnb to expand beyond its core accommodations to maintain growth, especially as the short-term rental industry matures.  They cover Airbnb's new co-hosting network, which offers services like listing setup, guest communications, cleaning, and more. Jamie also explores potential new markets, such as car, boat, and plane rentals, and home improvement services. There's discussion on the role of trust in Airbnb's platform, their potential loyalty program, and the ability to monetize their ecosystem through ads and promote listings. They examine Brian Chesky's vision for expanding Airbnb into a multi-billion dollar business and its parallels with Amazon's growth strategy. Jamie suggests the prospects of creating physical social networks and meeting spaces for Airbnb guests. They consider whether these expansions could make Airbnb an indispensable part of travel, akin to Amazon Prime, offering enhanced services and experiences.  The episode concludes with reflections on the challenges and potential obstacles Airbnb might face in these ambitious expansions, and the community-driven value that these initiatives could bring to the Airbnb platform. You don't want to miss this episode! ~~~~ Signup for AirDNA for FREE

In this episode of the STR Data Lab, Jamie Lane is a guest on Wil Slickers podcast Slick Talk where they dive into his history within the travel and tourism sector. They discuss the impacts of COVID-19 on market dynamics and make predictions on the future of the STR (Short Term Rental) market. Topics include AirDNA's acquisition of Uplisting, the new video series 'Jamie's Lane Change,' and Lane's recent adventures in real investment. Jamie shares his extensive career, starting from his work at PKF Hospitality Research in 2010, his time at CBRE, and now his role at AirDNA. They delve into the differences between the hotel and STR markets, where STRs show rapid growth and innovation.  Jamie offers insights into the landscape and trends in both traditional and short-term rental markets, noting strong supply growth in STRs compared to the more mature hotel industry. The conversation broadens into macroeconomic factors, touching on interest rates, home values, and revenue projections for the STR industry. Jamie addresses the adaptability required of OTAs to keep pace with evolving market needs and predicts steady industry performance. He explains the rationale behind AirDNA's acquisition of Uplisting and the vast potential in expanding their services to smaller hosts. Jamie highlights global trends, emphasizing significant growth potential in regions like Latin America and Asia Pacific. In a rare political discussion, they discuss the potential economic impacts of recent elections on interest rates and immigration. Jamie also talks about his hands-on experience as a host with AirDNA's YouTube series, 'Jamie's Lane Change,' where he details his journey from market selection to managing properties. Jamie concludes by expressing his optimism for the STR market's future while acknowledging the sector's dynamic nature and varying microeconomic climates. The episode closes with an invitation to connect with Jamie on social media and check out AirDNA's extensive resources. You don't want to miss this episode! ~~~~ Signup for AirDNA for FREE

In this episode of the STR Data Lab Jamie Lane, Chief Economist at AirDNA, and Scott Sage recap November's key metrics in the short-term rental market and projections for the future. They discuss metrics such as Average Daily Rate (ADR), occupancy, RevPAR, listings, and demand growth, all of which exhibited positive year-over-year signals. Special attention is given to ADR, which saw a 7% growth in November, partly due to easy comparisons with last year's 3.9% decline.  The hosts highlight the deceleration in supply growth from 15% last year to 4% this year and its positive impact on occupancy and pricing power. Additionally, they explore the influence of economic drivers like inflation, Fed decisions, and the potential implications of a Trump presidency on the short-term rental market. They anticipate a slight increase in inflation rates and higher interest rates into 2026, which could affect investment and supply dynamics.  The discussion rounds off with insights into 2025, labeled as the 'Year of Efficiency,' focused on maintaining and growing operations effectively. Stay tuned for the upcoming 'Best Places to Invest Report' in January. You don't want to miss this episode! ~~~~ Signup for AirDNA for FREE

In this episode of the STR Data Lab, Jamie Lane, chief economist at RDNA, interviews Madison Rifkin, CEO and founder of Mount. The discussion begins with an overview of Mount, a three-sided marketplace connecting hosts and property managers with their guests and local businesses. Madi emphasizes the importance of offering unique local experiences, rather than just focusing on the property itself.  Jamie and Madi delve into her accidental entry into the short-term rental space and her pivot from scooter rentals to Mount's current model. Madi explains how Mount curates top 'hidden gems' for guests, incorporating local businesses into the guest experience seamlessly. They discuss the challenges and benefits of curating these gems in multiple cities and the rigorous vetting process involved.  Next, Jamie and Madi discuss the power of social media and how short-term rental hosts can work with influencers and content creators to increase their bookings and reach new audiences. The episode explores Mount's innovative marketing strategies, including a viral TikTok campaign and a Taylor Swift ticket giveaway, highlighting the power of social media in building brand engagement. Madi offers insights into the essential tools and strategies for hosts to get started with social media content creation, emphasizing the importance of a content archive.  The episode concludes with a look at Mount's future plans, including international creator retreats and a stronger focus on traveler engagement.  You don't want to miss this episode! ~~~~ Signup for AirDNA for FREE

In this episode of the STR Data Lab, Jamie Lane, Chief Economist at AirDNA, sits down with Bram Gallagher, the Director of Economics and Forecasting, to discuss the current state and future outlook of the short-term rental market.  They start by reflecting on their successful prediction from last year that 2024 would see a balance between supply and demand. Discussing the economy's resurgence, Bram details how 2023 was marked by slow GDP growth, high inflation, and recession worries, but 2024 has seen significant improvements in GDP, income growth, and falling inflation. The duo gives credit to the Federal Reserve for its quick rate hikes, which played a crucial role in stabilizing the economy. They discuss the robust state of the economy, with employment growth, stock market highs, and a strong housing market, while also acknowledging potential risks.  They then shift focus to how the current economic environment affects short-term rental investors, predicting higher interest rates for longer and stable, possibly increasing, home values. Supply growth for short-term rentals is expected to moderate, with significant declines in new listings since rate hikes began. For 2025, they foresee a 4.7% supply growth, further reducing in 2026. Performance metrics remain strong, with occupancy expected to recover and ADR increases contributing to revPAR growth. The hosts note market-specific variations, with areas like Maui, Gulf markets, and urban centers like New York seeing dynamic changes.  They also discuss geopolitical instability, inflation risks, and the enduring issue of housing affordability as potential threats to the positive outlook. Concluding on a cautious yet optimistic note, they express confidence in the U.S. short-term rental market's firm footing. You don't want to miss this episode! ~~~~ Signup for AirDNA for FREE

In this episode of the STR Data Lab, Jamie sits down with Matt Kruger, co-founder of DSM Stays and a short-term rental investor based in Iowa. Matt shares the story of his transition from long-term rentals to short-term rentals, motivated by a desire for higher cash flow and more control over his investments. Initially hesitant to invest out of state, Matt chose to stay local in Iowa, where he has seen significant success. Influenced by content creators on social media, Matt was inspired to explore the potential of short-term rentals.  Starting with long-term rentals and house-hacking, Matt and his wife built a solid base before moving into the short-term market. Using tools like AirDNA for market research, they identified opportunities to cater to larger groups in the Des Moines area, a non-traditional vacation spot. Their first short-term rental, equipped with amenities like game rooms and hot tubs, quickly became one of the top properties in the area. Despite market challenges, Matt's properties have seen consistent revenue growth year over year. He emphasizes the importance of continuous improvement, including updating amenities and listing photos.  Matt also highlights the risks associated with reliance on platforms like Airbnb and the need to build a direct booking channel. Automation tools like Hospitable have been crucial in managing operations and communication. Matt's approach to guest experience, including personalized communication and rapid problem resolution, has resulted in high ratings and positive reviews. He advises new investors to overcome analysis paralysis, take risks, and learn by doing.  Reflecting on his journey, Matt regrets not starting sooner but encourages others to use their free time effectively to build the life they want. He also stresses the value of buying properties that can appreciate through sweat equity.  ~~~~ https://www.tiktok.com/@rental.cashflow https://www.instagram.com/rental.cashflow/ ~~~~ Signup for AirDNA for FREE

In this episode of the STR Data Lab, Jamie Lane, Chief Economist at AirDNA, VP of Marketing Scott Sage discuss the October performance of the short-term rental market. The conversation starts with a brief discussion on the 2023 U.S. election results and its potential implications for the industry.  They report strong occupancy growth for October with demand remaining stable, and highlight the overall positive trends in RevPar, available listings, and total demand nights. Despite some variations in occupancy increases due to supply changes, they note that demand has surged, particularly influenced by slower supply growth due to high mortgage rates. Regulations also impact supply trends, especially in urban and coastal markets.  The hosts analyze unemployment rates, the Federal Reserve's interest rate cuts, and their impact on the real estate market. They also emphasize the significance of the Christmas and New Year holidays on booking rates, noting a two-week period of high demand thanks to the date placement this year. Additionally, they touch upon rate setting strategies for hosts and mention cautious observations on RevPar decline in small city and rural markets despite overall national growth.  The episode wraps up with a high-level overview of the 2025 outlook report, discussing expected trends influenced by decelerating supply growth and constant demand. You don't want to miss this episode! ~~~~ Signup for AirDNA for FREE

In this episode of the STR Data Lab, Jamie Lane, Chief Economist at AirDNA, welcomes Nick Massey, Director of Sales at Proper Insurance, delve deep into the topic of insurance for short-term rental properties. They emphasize the importance of proper insurance coverage, often overlooked by investors and operators in the short-term rental market.  Jamie and Nick discuss the need for insurance even before purchasing a property, highlighting geographic considerations where securing insurance might be difficult. They explore the underlying risks associated with insurance underwriting, especially in high-risk areas like mountainous markets. The conversation covers common liability issues in short-term rentals, such as slip and falls, dog bites, and baby equipment hazards. Nick offers advice on mitigating these risks, recommending practices like proper handrail installations and avoiding unnecessary amenities. They also address the relevance of noise monitoring devices in preventing large parties and their associated risks.  Nick stresses the significance of comprehensive insurance coverage over minimal homeowner's insurance, focusing on loss of revenue insurance to protect against loss of bookings. They discuss how climate events like floods and hurricanes have impacted recent insurance claims. The episode concludes with insights on choosing the right insurance provider, considering factors like coverage, customer service, and the financial stability of the carrier. Nick also explains how Proper Insurance provides a holistic approach, acting as a risk manager rather than just an insurance provider. You don't want to miss this episode! ~~~~ Signup for AirDNA for FREE

In this episode of the STR Data Lab, Jamie Lane, Chief Economist at AirDNA, welcomes Sam Dundas from Besty AI. Sam explains how his background as a property manager led him to create Besty AI, which provides automation for PMS systems. They discuss the company's rapid growth, reaching 17,000 paying properties within a year and nearing a million in revenue. Their success is attributed to AI applications that streamline guest communications, task management, and review analysis.  He notes that Besty AI focuses on integrating practical AI applications directly into PMS, rather than offering separate tools, making adoption easy for users. He talks about starting from simple automation, like addressing common guest questions, and gradually enhancing functionality. Sam also highlights the importance of reliability over coverage in AI responses. They delve into the evolution of automated messages and the balance between efficiency and personalization. Future developments include deeper integrations and expanding revenue-generating features. Despite tech advancements, Dundas believes personal touch remains crucial.  The discussion also touches on the varying scalability among PMS platforms and the potential industry impact of major players like Airbnb. Looking ahead, Sam envisions  significant improvements in AI's role in property management, driven by both technological advancements and customer needs. Integration with more PMSs and entering the hotel space are seen as future growth areas. The podcast concludes with an outlook on the evolving landscape of property management and AI's role in it. You don't want to miss this episode! ~~~~ Signup for AirDNA for FREE

In this episode of The STR Data Lab, Jamie and Scott discuss practical hosting tips for Airbnb hosts, leveraging Jamie's recent experience with his investment property and Scott's extensive property management background. Jamie highlights his journey from an Airbnb host since 2011 to managing a large investment property remotely, sharing early learnings and anecdotes, such as the importance of over-communicating with guests. Scott provides insights from his property management experience, stressing the need for understanding comp sets and utilizing dynamic pricing to maximize revenue. They explore key metrics, like occupancy, average daily rate (ADR), and booking window, emphasizing their importance in evaluating listing performance.  The hosts introduce AirDNA's performance dashboard, a tool for real-time tracking of these metrics, and discuss its benefits for new and seasoned hosts alike. They also dive into pricing strategies, including the initial steps Jamie took to ensure competitive pricing despite having no reviews.  The episode is packed with actionable advice, such as adjusting cleaning fees and cancellation policies, and the significance of effectively managing reviews. Both hosts underscore the importance of using data to inform decisions, ultimately aiming to improve earnings and investment returns. The two wrap up with Halloween plans and candy preferences, leaving listeners with a blend of valuable hosting insights and a touch of festive fun. You don't want to miss this episode! ~~~~ Signup for AirDNA for FREE

In this episode of The STR Data Lab, Jamie sits down with Daniel Cruz, founder of Washbnb, to explore the ins and outs of efficient laundry and housekeeping for short-term rentals. Whether you're managing a single property or a large portfolio, laundry is often one of the most time-consuming and overlooked tasks. Daniel shares practical strategies to streamline these processes, helping hosts save time, money, and keep operations running smoothly. Daniel emphasizes the importance of using high-quality, commercial-grade laundry equipment, especially for the drying process, which can be a major bottleneck. He recommends maintaining at least three sets of sheets per bed, using a three-part system to ensure smooth operations. For properties using off-site laundry services, four or five sets per bed are ideal to avoid any disruptions. During peak times, Daniel highlights the need for a well-stocked inventory and housekeeper accountability to prevent shortages. And for the ultimate guest experience, he stresses that 100% cotton sheets are a must for their breathability and luxurious feel. He also explains why separating laundry and cleaning tasks is key to improving efficiency, with off-site laundry management being a great way to optimize operations. Daniel advises washing towels and sheets separately, using zip-top mattress protectors, and providing extra outdoor towels to prevent stains. A useful tip is to offer guests cleaning supplies to help preserve white towels. Clear signage on washing machines can further help reduce errors and minimize damage. From choosing the right linens to managing inventory and equipment, Daniel covers everything you need to ensure a seamless guest experience while upholding high standards of cleanliness. You'll learn why quality matters, how to avoid common pitfalls, and how to keep your laundry operations running smoothly and efficiently. You don't want to miss this episode! ~~~~ Signup for AirDNA for FREE

In this episode of The STR Data Lab, Jamie and Scott broadcast live from the VRMA conference in Phoenix, Arizona, where they break down the key issues shaping the short-term rental industry today. They emphasize why events like VRMA are more important than ever, offering a crucial space for the industry to come together and tackle pressing challenges head-on. The conversation kicks off with the aftermath of hurricanes Helena and Milton, which caused a wave of cancellations across Florida and North Carolina. Asheville alone saw over 85,000 nights canceled, while Atlanta experienced a 50% spike in bookings as people sought temporary accommodations. These disruptions are expected to lead to a dip in home prices and rising insurance premiums across Florida, adding new challenges for property owners. Jamie and Scott then shift focus to the U.S. market's September performance, which fell short of expectations with a modest 2.9% increase in nights booked. The growth in supply is slowing, particularly in urban areas, where a 3.1% decline reflects ongoing struggles with regulatory issues, weak demand, and heightened competition from hotels—leading to closures like Frontdesk. On the bright side, ADRs were up 2.7% in September, and October is off to a strong start, with demand fueled by events like Halloween and solid holiday bookings on the horizon. Jamie wraps up the episode by celebrating his first short-term rental booking and sharing a sneak peek of his new YouTube series, which you can catch on the AirDNA YouTube channel. Don't miss this episode—it's packed with valuable insights! ~~~~ Signup for AirDNA for FREE

In this episode of The STR Data Lab, Jamie Lane sits down with Marc Hostovsky, CEO and founder of Minoan, to talk about how their platform is simplifying the short-term rental game for hosts. Jamie shares his personal experience using Minoan to furnish his own listing, emphasizing how straightforward the process was and the competitive pricing he found. Marc explains that Minoan is a purchasing and supplier management platform designed specifically for hosts, providing access to well-known brands at discounted prices. One of the key features is the centralized ordering system, which streamlines the purchasing process for hosts, making it easier to manage. Another feature is the digital showroom, which allows hosts to showcase products in their rental properties and even earn commissions when guests purchase those items. Throughout the conversation, they explore the role of design in short-term rentals, highlighting how thoughtful design can elevate the guest experience and lead to better property performance. Marc points out that as the STR market becomes more competitive, hosts need to combine both real estate knowledge and hospitality skills to succeed. He introduces the idea of a universal cart, which integrates purchases from various partner brands into a single, seamless shopping experience. Marc draws a parallel between the current STR landscape and the early days of Amazon, where strategic design and a focus on the guest experience are becoming more important than ever. He also shares practical tips on how hosts can leverage Minoan to enhance their properties while improving their profitability. The discussion touches on some of the challenges the industry faces, such as the fragmented nature of STR hosts and the difficulties of getting more hosts to adopt new platforms. Marc explains that Minoan is addressing these issues by focusing on referrals, professionalization of the STR industry, and integrating more closely with local economies. As they wrap up the episode, Marc hints at Minoan's goals in improving hosts' economics through smarter investments and potential future collaborations with platforms like AirDNA to integrate data insights for hosts.  You don't want to miss this episode! ~~~~ Signup for AirDNA for FREE

In this episode of STR Data Lab, Jamie and Scott dig into the highs and lows of the summer season and give their predictions for what's coming this fall. They kick things off by talking about a 4% increase in RevPAR over the summer, even though nearly half of submarkets saw declines. Jamie and Scott remind us that local market trends are key to understanding the bigger picture. August was a standout month, with a 12% boost in demand, thanks in part to the timing of Labor Day. Jamie also highlights the strong growth in hotel demand and how it aligns with the ongoing rise of short-term rentals. The conversation then moves to the impact of recent Fed rate cuts on the STR industry, especially when it comes to 30-year fixed mortgage rates. They also dig into the different challenges and opportunities for STR operators in urban versus rural markets. Looking ahead, they predict stable to slightly positive growth in occupancy for the rest of 2024. Plus, they touch on concerns around Airbnb's stock performance and how it may not fully reflect the overall health of the industry. The episode wraps up with a preview of upcoming events like VRMA and the Vacation Rental World Summit, along with an update from Jamie on his own short-term rental investment journey “Jamie's Lane Change”, which you can also follow on AirDNA's YouTube channel. You don't want to miss this episode! ~~~~ Signup for AirDNA for FREE

As we hit this 100th episode milestone, we want to take a moment to thank all of our listeners for your support. Whether you've been with us from the beginning or joined us along the way, we appreciate you being part of this journey!  In this 100th episode of the STR Data Lab, Jamie celebrates the milestone by sitting down with AirDNA co-founders Scott Shatford and Tom Caton to reflect on the company's journey and what lies ahead. They recount the early days, starting with Scott's 2014 project—a book and website analyzing short-term rentals in Santa Monica. Despite regulatory hurdles, this effort quickly evolved into a key resource for understanding Airbnb listings, laying the groundwork for AirDNA. Tom joined Scott in 2015, forming a business partnership during a sailing trip. From there, they pushed forward to build AirDNA into a powerful data platform, with the development of MarketMinder being a critical turning point. They also discuss the transition from delivering insights via simple PDF reports to creating a comprehensive SaaS platform that continues to shape the short-term rental industry. Throughout the episode, they highlight their decision to bootstrap the company, staying independent of external funding. The episode explores the technical and business challenges they faced, including the complexities of data scraping, adapting to changes in Airbnb's algorithm, and the massive impact of the COVID-19 pandemic. Beyond the business, Scott and Tom share how they managed stress, balanced luck with hard work, and navigated key decisions that led to AirDNA's success and eventual sale. Post-sale, Tom has turned his attention to new projects, including developing a murder mystery board game and investigating business fraud. Scott, meanwhile, enjoys traveling and personal hobbies like golf and ping pong, though both hint at possible new ventures in the future. This episode offers a detailed look at how AirDNA grew from a niche idea into an industry-leading platform. You don't want to miss it!  ~~~~ Signup for AirDNA for FREE

In this episode of STR Data Lab, Jamie sits down with Matthew Orley, CEO of Red Cottage, to explore the company's unique approach to short-term rentals. Matthew shares the story behind Red Cottage, which he acquired two years ago, and explains its focus on design-centric homes in the Catskills and Hudson Valley regions. Red Cottage primarily caters to weekend travelers from New York City, Boston, and Philadelphia, with an emphasis on aesthetically appealing properties across various price points. Matthew highlights how Red Cottage provides unique value to homeowners by attracting a distinct clientele and curating listings that stand out in the competitive short-term rental market. He also touches on their impressive direct booking rate and the recent launch of a membership program offering exclusive perks like discounted rates, waived fees, concierge services, and early access to new properties. He explains how the steady demand for weekend getaways in their market helps them manage lower seasonality compared to other vacation destinations. Matthew also reflects on the impact of COVID-19, noting the initial surge in demand followed by market normalization. To stay competitive, he emphasizes the importance of adopting new software, leveraging technology, and building strong partnerships. Matthew also dives into the operational challenges of property management, stressing the need for scalable systems and efficient information management. He wraps up by discussing the future of the property management industry, predicting continued consolidation and professionalization as a response to rising operational costs and the increasing need for advanced tech solutions. You don't want to miss this episode! ~~~~ https://www.linkedin.com/in/mattheworley ~~~~ Signup for AirDNA for FREE

In this episode of STR Data Lab, Jamie Lane, Chief Economist at AirDNA, sits down with Tyann, the 'Queen of Guest Experience,' to explore the art of guest communication in the short-term rental space. Tyann shares her personal story, reflecting on how clear, consistent communication has been key to her success. From early challenges with math in college to her rise as an industry leader, she brings authenticity and insight to the conversation. Tyann's journey started in 2007 as a "hobby host," and today, she manages multiple property brands in Missouri, including historical rehabs and purpose-built homes. She also highlights her role at Touch Stay, a digital guidebook platform, explaining how its features elevate guest communication and enhance the overall experience. A recent Touch Stay study involving over 2,000 travelers revealed that guests who receive six or more messages tend to spend 60% more and report higher satisfaction. During the episode, Tyann stresses the importance of tailoring communications for different preferences, utilizing channels like email, text, and even video. She also touches on the finer details of setting up a vacation rental, emphasizing that addressing even small guest concerns can significantly improve their stay. The discussion moves into how evolving technology is meeting rising guest expectations, and how property managers can leverage digital tools to streamline operations. Tyann wraps up with an unforgettable story of a guest accidentally leaving an urn behind—reminding us of the unpredictable, yet rewarding nature of the business. She encourages listeners to connect with her on social media and explore Touch Stay to boost their property's guest experience. You don't want to miss this episode! ~~~~ https://tyannmarcink.com/blog/ https://x.com/tyannmarcink https://www.linkedin.com/in/tyannmarcink/ www.touchstay.com ~~~~ Signup for AirDNA for FREE

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

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

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

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

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

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

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

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

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

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

In this episode of the STR Data Lab, host Jamie Lane welcomes Henry Washington, a real estate investor who transitioned from a crisis into a thriving investment career. Henry's real estate journey began in 2017 when a simple Google search opened his eyes to real estate investment opportunities. Starting with just $1,000 in savings and poor credit, Henry made his first real estate acquisition for $116,000, creatively financing it by borrowing against his wife's 401(k) and securing a conventional loan from a local bank. This marked his full commitment to real estate, leading him to leave his position in data analytics at Walmart. In April 2020, Henry transitioned to full-time real estate investment, driven by an opportunity with an apartment syndication fund. He discusses the significant role data plays in his strategy, using metrics such as property age, foreclosure status, and absentee ownership to pinpoint motivated sellers. Despite challenges like high interest rates, Henry finds opportunities with these sellers, using the list price to sell price ratio to assess market health and formulate offers. He notes that while some banks have reduced their commercial loan offerings, local community banks remain viable options for financing, emphasizing the importance of understanding bank preferences to secure financing more effectively. Throughout the podcast, Henry and Jamie discuss how embracing the identity of a real estate investor and expanding his network were crucial. Influential readings like "Rich Dad, Poor Dad" and guidance from mentors were pivotal in shaping his investment approach. Now focusing on short-term rentals, Henry leverages his insights to develop a portfolio that meets evolving consumer demands. Henry also introduces listeners to his book, "Real Estate Dealmaker," aimed at empowering readers with practical advice on finding and financing real estate deals. This episode offers invaluable insights for anyone interested in navigating the complexities of real estate investment with confidence and creativity. You don't want to miss it!  ~~~~ Connect with Henry: https://www.instagram.com/thehenrywashington/?hl=en ~~~~ Signup for AirDNA for FREE

In the latest episode of the STR Data Lab, Jamie Lane and co-host Scott Sage break down May's U.S. market performance. They highlight a 7% increase in available listings—the lowest growth seen in three years—and an 11% rise in demand, which has led to a 3% increase in occupancy rates. Despite these gains, occupancy rates still trail behind 2019 levels, albeit with signs of a rebounding market. Jamie points out that the average daily rate (ADR) growth is up 1.5%, with a noticeable shift towards larger rental units. Revenue per available room (RevPAR) has also seen a promising increase of 4.5%, signaling a positive shift after two consecutive years of declines. However, urban centers like New York and San Francisco are experiencing a drop in listings due to regulatory challenges, in contrast to the growth seen in suburban, mountain, and coastal regions. The duo discusses the slowdown in supply growth, attributing it to cautious new investment and market conditions. They highlight robust performance in smaller and mid-sized cities like Bloomington, Buffalo, and Albany. The conversation also covers the impact of international travel dynamics, the strength of the dollar, and the critical role of marketing the U.S. as a welcoming destination. Looking ahead, Jamie and Scott forecast stable demand growth at around 6-7%, driven by overall travel spend and short-term rental adoption. They emphasize the resilience of the upscale and luxury segments, which are outperforming due to limited supply and growing demand. Jamie predicts a slight increase in RevPAR for 2024 and more substantial growth in 2025, contingent on stable supply growth and favorable economic conditions. The episode concludes with a discussion on potential wild cards, such as interest rate changes and their impact on investment in the short-term rental market. The hosts express cautious optimism for the sector, advising operators to focus on differentiated, high-quality offerings to maintain a competitive advantage. You don't want to miss this episode! ~~~~ Signup for AirDNA for FREE

In this episode of the STR Data Lab, Jamie Lane, the chief economist at AirDNA, welcomes Shawn Moore, CEO and founder of Vodyssey, for a long-overdue conversation. Shawn shares his journey in real estate, which began after a short stint in employment post-college. His career in real estate spans over 24 years, starting with fix-and-flip properties and long-term rentals before transitioning to short-term rentals. This shift occurred accidentally when he bought a second home in 2006 and started renting it out to cover mortgage payments. Noticing the potential of short-term rentals, Shawn went all-in by 2015, fully transitioning his investments from development deals to short-term rentals. He discusses how the industry's growth, particularly post-COVID, has influenced his strategy and the need for accurate data for successful investment. Shawn recounts the pivotal moment in 2015 when a conversation with his young son and an advertisement campaign on the limited summers with children motivated him to focus on something more fulfilling. This led to the foundation of Vodyssey in 2019, aimed at helping others navigate the short-term rental market. Initially starting small, Vodyssey now boasts over 3000 members in a high-end mastermind group. Shawn emphasizes the importance of choosing markets that align with personal preferences and are short-term rental-friendly. He advises investors to focus on markets they are familiar with and enjoy, rather than getting overwhelmed by numerous options. Shawn and Jamie discuss the significance of having reliable data sources like AirDNA to make informed decisions and the evolution of short-term rental regulations. They also highlight the necessity of understanding market-specific dynamics, such as occupancy rates and seasonality, to identify profitable investment opportunities. Sean's approach underscores the balance between personal enjoyment and investment viability, encouraging investors to leverage their knowledge and preferences for successful property management and marketing. You don't want to miss this episode! ~~~~ Connect With Shawn instagram.com/vodysseyshawnmoore facebook.com/vodysseyofficial vodyssey.com ~~~~ Signup for AirDNA for FREE

In this episode of the STR Data Lab, Jamie Lane, Chief Economist at AirDNA, invites Ben Wolff, co-founder of Onera and Oasi. Ben traces his journey from starting Sensei, an early rental management company, to establishing his own unique vacation rental business. Inspired by his passion for real estate and technology, Ben ventured into the unique stays sector by creating Onera, a high-end treehouse retreat in Texas Hill Country that quickly gained success. Onera cleverly blends the natural environment with luxury, offering an appealing alternative between rustic camping and top-tier hotels. This concept proved especially popular during the COVID-19 pandemic as travelers sought unique outdoor experiences. Ben emphasizes the importance of creating memorable guest experiences to stay competitive in the unique stays market. The success of Onera led to its acquisition by Summit, a public REIT, pushing Ben's team to elevate their operational and reporting standards. The acquisition also confirmed Onera's leadership in the alternative hospitality sector. Ben's next venture, Onera Wimberley, aims to expand on the luxury and group-friendly aspects, responding to increasing demand for high-end, nature-close accommodations. Ben also discusses the role of social media in marketing, predicting that platforms like Instagram could become significant channels for booking unique stays. He outlines his strategies for content marketing and influencer collaborations to drive direct bookings. His company, Oasi, is heavily invested in digital marketing to fully leverage online platforms. Wrapping up, Ben considers the potential for OTAs to integrate social features, like Expedia's travel shops, as beneficial for widening distribution channels while keeping control over guest experiences through direct bookings. You don't want to miss this episode! ~~~~ Ben's Linkedin: https://www.linkedin.com/in/ben-wolff/ ~~~~ Signup for AirDNA for FREE

In this episode of the STR Data Lab, Jamie Lane sits down with vacation rental investor Rohin Dhar to discuss his experience and strategies in the short-term rental market. Rohin discusses his approach to property management, highlighting the importance of creating unique experiences for guests, such as adding hot tubs to his properties to maintain high occupancy rates. He mentions using social media, particularly Twitter, to post interesting houses and connect potential buyers with real estate agents, aiming to move towards facilitating transactions. Rohin is preparing to get licensed in California to legally assist with real estate transactions and is inspired by similar models like Expedia's curated travel experiences by influencers. Rohin reflects on the challenges of short-term rentals, noting the media's tendency to focus on negative stories and the complex impact of banning Airbnb on local affordability. He argues that banning short-term rentals often leads to properties being bought by second-home buyers, not significantly improving local affordability. Rohin emphasizes the potential for local regulations to better support affordability by restricting purchases to local workers. He shares examples of regulations in places like South Lake Tahoe and Banff, which aim to balance tourism and local affordability. Rohin also discusses the economics of direct bookings versus using platforms like Airbnb and Vrbo, suggesting that direct booking might make sense for property managers with multiple properties but is often not worth the effort for individual owners. He highlights the benefits of leveraging established platforms for ease and efficiency. Rohin mentions the potential for monetizing his social media presence by helping people buy houses and earn commissions. He prefers focusing on one platform, Twitter, due to its low effort and effectiveness for his needs. Rohin advises against building large distribution channels without having a product or service to sell, emphasizing the importance of validating business models first. He shares insights on revenue management, stressing the need to stay on top of market changes to adjust pricing strategies effectively. Lastly, Rohin discusses the impact of regulatory changes on short-term rental markets and the importance of community-focused solutions. You don't want to miss this episode! ~~~~ Rohin's Twitter: https://x.com/rohindhar ~~~~ Signup for AirDNA for FREE

In this episode of the STR Data Lab, hosts Jamie Lane and Scott Sage offer an in-depth analysis of the recent dynamics and future outlook of the short-term rental industry. They discuss the prolonged challenges marked by declining RevPAR, noting this recurring trend in 22 of the last 24 months. Despite these challenges, both hosts maintain an optimistic outlook, highlighting the potential for growth and resilience within the market. They pinpoint the main cause of the RevPAR decline as an ongoing imbalance between supply and demand, notably in major urban centers like New York City. Nonetheless, they identify growth areas in smaller and midsize cities, though the pace is more moderate than in previous years. Jamie and Scott explore various factors influencing industry performance, such as interest rates, job growth, and consumer spending patterns. They predict sustained demand growth spurred by forthcoming events like Memorial Day and university graduations, which traditionally lead to more bookings and elevated ADRs. They emphasize the critical role of revenue management strategies in boosting profitability, advocating for a focus on increasing ADR rather than occupancy alone. The episode also previews upcoming enhancements to the AirDNA platform, designed to provide users with more intuitive and actionable market data to streamline analysis and decision-making for investors and operators. Ending on an optimistic note, Jamie and Scott highlight the positive trends in occupancy and ADR as the summer travel season approaches. Despite ongoing challenges, they express confidence in the short-term rental market's resilience and adaptability. You don't want to miss this episode! ~~~~ Signup for AirDNA for FREE

In this episode of the STR Data Lab podcast, Jamie Lane, Chief Economist at AirDNA, sits down with Dustin Abney, CEO of Portoro, a vacation rental management company. Abney dives into his transition from the real estate SaaS world to vacation rental management, sharing the origins of Portoro. Dustin's journey began with his early interest in real estate and technology, starting with his experience at Dotloop, which gave him valuable insights into the real estate market. This experience led him to purchase his first vacation rental property and eventually co-found D'Alexander, which adopted a prop co-op model to manage vacation homes nationwide. After navigating various roles and observing market trends, Dustin saw an opportunity to address the fragmented market and founded Portoro in 2022. With a focus on acquisitions and organic growth, Portoro has quickly expanded to manage over 270 units across ten markets, combining national branding with local operational expertise. Portoro's technological approach mixes off-the-shelf solutions for operational efficiency and the development of custom tools to fill industry gaps, like homeowner portals and enhanced guest amenities. Dustin stresses the importance of data-driven decision-making and strategic market selection, considering traveler demand, regulatory environments, and inventory dynamics. Dustin discusses operational challenges, emphasizing the importance of investing in local teams and scaling operations alongside portfolio growth. He identifies retention as a crucial metric, citing Portoro's impressive retention rates as evidence of their successful operational model. Looking to the future, Dustin weighs the benefits of acquisitions against organic growth, highlighting the role of strategic partnerships and the influence of market dynamics. While the PropCo model remains appealing, he notes the challenges of high property prices and interest rates, underscoring the necessity for patient capital and strategic planning. Reflecting on his role as CEO, Dustin candidly discusses leadership challenges, particularly in managing personnel and integrating acquired companies. Despite these challenges, he is optimistic about Portoro's future and the evolving opportunities in the vacation rental industry. You don't want to miss this episode! ~~~~ https://www.portoro.com/ ~~~~ Signup for AirDNA for FREE