With the introduction of short-term rental services like Airbnb, the entire idea of property investing has been reimagined. With the rising popularity of short-term or vacation rentals comes the emergence of rental analytics tools and platforms, such as AirDNA. Nevertheless, you cannot ignore the costs and characteristics of specific competitors.
Although AirDNA is a well-known short-term rental analytics software solution, several users have complained about inaccurate data. Many Airbnb hosts and short-term rental investors are unaware that AirDNA competitors are available, and individuals are beginning to look for them to make smarter investment choices.
We’ve done our best to list all of the AirDNA alternatives to assist you in determining what’s ideal for you, but first, let’s go through why you’d want to employ a short-term rental analytics tool in the first place.
What Is the Purpose of Short-Term Rental Analytics?
Real estate investing used to be a time-consuming and demanding endeavor. Nonetheless, you can now undertake short-term rental analytics in minutes using online tools. With short term real estate analysis tools, real estate investors can find successful deals while reducing risk. Here are a few reasons why using these kinds of tools is helpful.
To Grasp the Potential Cash on Cash Return
People considering purchasing a vacation house should calculate how much money they will generate if they buy a specific property. It’s particularly necessary for short-term rental investments because the net rental yield can range from 1% to 25% per year based on the area and interest for the property. With the relevant data points, you should be able to distinguish high yield properties from low yield ones.
To Boost Airbnb Profits by Better Deals
If you already possess rentals, one of the most crucial elements to consider if you want to boost your earnings is price. Pricing correctly allows you to secure more reservations at lower prices, draw the proper guests, and maintain a lucrative short-term rental business! In addition, the best short-term rental analytics should give you actionable data regarding the costs you should establish for your home.
To Set Standards Based on the Top-Performing Properties
If you want to strengthen your short-term rental business, you should compare your property to the market’s highest and average performers. For example, what is the performance of your property (occupancy rate, daily rate, booking lead time) in comparison to the market? With the correct short term market data, you should be able to compare your home to competitors.
We want to highlight two points in our examination of short-term rental analytics choices. First, data quality is vital, and we judged it by the type of metrics displayed and the precision of the data. Another critical aspect is data coverage, which we quantified using geographic range and data update frequency. Now, let’s look at the AirDNA competitors that are worth giving a try!
Before we go over a list of AirDNA competitors, let’s take a quick look at our own tool, Mashivor, and see how it compares to and differs from AirDNA.
Among the AirDNA competitors is Mashivor – a data analysis platform that seeks to help real estate investors find the greatest property possibilities while also ensuring a high return on investment. Furthermore, investors are not restricted because the solution applies to both long-term investment and short-term rental property markets. Mashivor’s software is designed to suit the needs of real estate investors by delivering a wide range of detailed market data and the tools required to analyze it (while staying budget-friendly).
Here’s a summary of what you may expect if you decide to try out our platform:
- Income and rental property strategy optimization
- Monitoring and assessing market performance and growth
- Finding new investment prospects, such as undervalued homes
- Calculating the potential value of a property
AirDNA is a platform that specializes in vacation rental data. This application focuses on the short-term rental sector, providing competitive insights, interactive dashboards, and customized reporting for a wide range of rentals. Unlike Mashivor, which specializes in investment opportunities, AirDNA is primarily aimed at vacation rental investors who want to learn, analyze, and stay on top of recent trends in the short-term rental business while boosting their earnings.
Mashvisor clients can rely on the following features:
- Two tools for researching investment properties (Property Finder and Search Engine)
- Rental property analysis
- Investment payback balance period
- Neighborhood analytics feature
- Rental comps and reports
- The Heatmap tool (color-coded performance-based overlay)
- Investment property calculator
There is one particular tool in which Mashvisor takes the lead over AirDNA. Because it includes the financing plan, the Mashvisor investment property calculator can provide a more comprehensive investment property analysis. For instance, as experienced investors know, whether you buy for an income property in cash or with a mortgage provides quite diverse ROI.
Also, the data on the Mashvisor platform is more accurate and dependable than the data on the AirDNA website. That is because Mashvisor takes property data directly from the MLS, but AirDNA gets it from public records, which can have some misleading info.
The AirDNA Rentalizer, unlike the Mashvisor Airbnb calculator, does not assess the cash on cash return for Airbnb rentals. That means that by employing the Mashvisor rental property calculator, you’ll know exactly what kind of return you can expect on the cash you spend on buying and renting out a property.
AirDNA Competitors You Should Check Out
#1 AllTheRooms Analytics
AllTheRooms Analytics assists you in analyzing short-term rental markets and monitoring your competition. First, they cover world markets. However, they don’t explicitly indicate how often their data is updated. We discovered that their market data appears to be updated monthly during our research. AllTheRooms delivers market-level supply, booking lead time, and future booking statistics.
Their filter, which offers a few more options than AirDNA, allows you to gain insights into the market performance of various sorts of properties. AllTheRooms charges a low monthly fee, as well as a one-time setup fee. It also includes a free trial, which is helpful for those who may change their thoughts.
Their dashboard stores up to two years of past data, which can assist property investors in making decisions about amenities and ADRs. With AllTheRooms, you can get free Airbnb analytics.
If you don’t need to dive into the endless details and just want a basic overview of the short-term rental market or a way to track your direct competition, AllTheRooms’ tool should suffice.
As the second option on the AirDNA competitors list, SeeTransparent, like AirDNA, provides information on the booking rate of properties in the given market. In addition, they provide guest ratings of available houses and provide a ranking system on the listings based on their performance.
SeeTransparent’s Smart Rental data dashboard assists you in optimizing your vacation rentals. Its data coverage is good because it covers global markets and updates data weekly.
SeeTransparent provides a Pickup tool that allows property owners to check on current demand and availability of listings for the next 12 months. In addition, like the AirDNA market data, they evaluate market activities that may affect the demand for STRs and provide a tool to forecast returns for certain assets.
SeeTransparent users can create unique groupings based on filters like more exact location, highest reviewed listings, bathroom counts, perks, or luxury listings. However, they don’t appear to disclose guest origin information. Furthermore, an annual membership of 3,000 EUR is required to utilize their dashboard fully.
WheelHouse is the next option we’ll investigate in our AirDNA competitors list. Basically, this is one of the more complex automatic pricing programs, assisting hosts in predicting market trends by utilizing local Airbnb market data.
It is distinguished by a number of characteristics that can be tailored to your specific requirements. When used correctly and on time, this tool can assist property managers in enhancing their earnings by up to 20%.
Because it is automated, it is pretty simple to use. The platform is straightforward, and even if you’ve never used a tool like this before, you’ll quickly become familiar with it. One of WheelHouse’s unique features is the so-called Rev. Score, which effectively analyzes success by comparing predicted income to current revenue and ranking it.
In our AirDNA competitors list, Smartbnb is the final option we’ll review. It is an automatic Airbnb research tool for hosts and property managers, similar to other tools mentioned above. In addition, it is intended to automate many of the day-to-day tasks, such as delivering automatic messages, cleaner reminders, and evaluations.
Smartbnb also lets you examine various operational indicators to assess how your Airbnb business is performing. Because the majority of it is automated, it is expected to cut the hosts’ workload by about 90%. However, is that truly the case?
It is subjective. It’s simple to use and ideal for Airbnb hosts who want to handle interactions and other activities on a large scale. Nevertheless, unlike most other AirDNA options, it does not provide tiered pricing. It isn’t the cheapest tool of its type on the market, to make matters worse.
AirDNA Competitors: The Final Judgment
To sum up, AllTheRooms, SeeTransparent, WheelHouse, Smartbnb are all of the choices. However, there is also Mashvisor as the best choice among them. After comparing all of the tools, we determined that Mashvisor is the best AirDNA alternative based on our standards (data volume, accuracy, pricing). Here are our favorite aspects of Mashvisor:
- Speedier search process
- Accurate results
- Interactive filters
- Free trial
In 2021, we saw that an increasing number of individuals preferred Mashvisor over AirDNA, but as you can see, selecting the ideal short-term rental analytics solution for your home investment or Airbnb management business requires a thorough evaluation of several factors! It’s not an easy task. We hope that our guide helped you a little bit more.
Today’s real estate investors have a plethora of opportunities. Nevertheless, they differ significantly in terms of what they offer, their most notable benefits and drawbacks, as well as their pricing. We can say with confidence that not everyone is pursuing the same aim, but what connects the many alternatives outlined above is the ability to increase your revenue through a variety of approaches ranging from in-depth data analysis to automated day-to-day operations.
When it comes to AirDNA competitors and having access to precise data, performing more detailed analysis, and creating real estate market trends rather than simply following them, Mashvisor’s tool definitely wins. It enables investors to assess both short-term and traditional long-term rentals and uncover very profitable properties – and it does it at a lower cost and even has a free trial!
As you grow your real estate portfolio, you will require a more efficient approach to researching property markets in the United States. The simplest method to accomplish this is to use a real estate investment platform such as Mashvisor. We collect data from reputable sources such as the Multiple Listing Service (MLS), Airbnb, and public records to offer you full analytics on any house listing or neighborhood in the United States.
There’s no need to spend hours on research anymore. Sign up for Mashvisor now and receive a 15% discount.