One of the best ways to get into real estate investing is through the real estate market. Current investors in the real estate market know how profitable the short term rental market can be. To ensure you are investing in a profitable way in the rental market, you need to make sure to have proper calculations to back up your investment and create peace of mind you are investing your money wisely. There are many different software platforms out there to help calculate these investments. You may be wondering whether Alltherooms or Mashvisor’s data is more reliable when it comes to calculating important factors in your investment. This article will explore the similarities and differences between Alltherooms and Mashvisor to help investors find the best short term rental analytics for calculating short term renal data.
Where Can I Find an Investment Property Search Tool?
Whether you are an experienced real estate investor or someone looking to get into the real estate investment business, you need to find a property to invest in before making money in real estate. No matter your experience level of real estate investing, it sometimes can be difficult to locate a property worth investing in. Many search engines can be confusing or not allow you to search through the properties with your specific wants and needs for your investment property. Mashvisor’s Property Finder tool makes searching through properties easy.
Mashvisor Offers Searching Through Short Term Rental Properties
Mashvisors’ Property Finder tool is a great way for both experienced investors and new investors to search through possible investment properties. This tool allows investors to add specifications to their property search. This means they won’t have to waste time searching through every available property in their area, and ones that don’t fit their requirements. Specific features that Mashvisor’s Property Finder tool allows you to search with are:
- The type of property you are interested in
- A specific price range you want to spend on an investment property
- The number of bedrooms in a property
- The number of bathrooms in a property
- The desired location of a property
All of these filters make it easy for investors to search through properties that they would be interested in, rather than having to look at every property available in a given location.
Once investors have utilized these features of Mashvisor’s Property Finder tool, they can take advantage of the detailed analytics Mashviors search engine offers. These analytics are essential for investors when determining what property to invest in, as they can help determine how profitable a property will be. Mashvisor lets investors see a property’s cash on cash return, which ultimately will determine which priority will bring investors the highest rate of return on their investment.
With Mashvisor’s search engine, investors can search through even more specific factors of properties to limit their search and find a property that perfectly fits their wants and needs. Mashvisor offers investors to look at MSL listings, foreclosures, and the market properties in the investor’s desired location. Here are additional filters investors can take advantage of in Mashvisor’s Property Finder tool to find the best investment property for them:
- A specific neighborhood
- A specific city
- The type of property
- How you will finance the property: mortgage or cash
- Minimum number of bathrooms
- Minimum number of bedrooms
- Cash on cash return
- Rental income
- Cap rate
Mashvisor’s Property Finder tool makes it easy for investors to locate their perfect investment property.
Alltherooms Does Not Offer Searching Through Short Term Rental Properties
While Mashvisor lets investors search through properties for sale in any given location, alltherooms analytics does not. Rather, alltherooms analytics lets investors search through properties and how they are expected to perform, but not specifically properties for purchase. Although this is also an important part of investing, this feature is not needed until an investor has a potential investment property. There is no need for looking at specific data of a property until you know if that property even is available to purchase. Once an investor has a specific property in mind, then that tool becomes useful.
Mashvisor Offers Short Term Rental Analytics
Mashvisor allows investors to review how an investment property is expected to perform with the Mashvisor Airbnb Calculator tool, also referred to as the Investment Property Calculator tool. This Airbnb calculator is crucial for investors to ensure their investment property will be profitable. Here are some of the vacation rental market data that Mashvisor’s Airbnb Calculator tool offers:
- Airbnb Income
- Airbnb Occupancy Rate
- Airbnb Daily Rate
- Airbnb Cap rate
- Overview and breakdown of startup costs including closing costs, costs of furniture, and costs of repairs and improvements
- Overview and breakdown of costs that are recurring such as property tax, property management fees, insurance, utilities, cleaning fees, property maintenance fees, and HOA fees.
Alltherooms Analytics Offers a Market Overview
Alltherooms Analytics offers a similar tool to Mashvisor called “Market Overview”. This tool allows investors to see short term vacation rental data like Mashvisor’s Investment Property Calculator tool. Although these tools share similar features, Alltherooms Analytics data is nothing compared to the Mashvisor rental data. Some similarities between Alltherooms Analytics Market Overview and Mashvisors Investment Property Calculator are:
- Occupancy Rates
- Daily Rates
- Market Revenue
Although there are some shared features between the two tools, Mashvisor offers a much more advanced search than Alltheroom Analytics. Mashvisor ensures that investors have all the data needed to make a smart investment decision. An additional feature of Mashvisor’s Airbnb Calculator is that it doubles as a Mortgage Calculator.
Mashvisor Offers a Mortage Calculator
Mashvisor’s Airbnb Calculator has a unique feature that allows investors to calculate their investment properties mortgage. This feature ensures investors are getting a much more detailed analysis of their search than any other search engine, including Alltherooms Analytics.
Mashvisor’s Mortgage Calculator takes into account any investor’s finance method of their investment property. Any investor, whether you are new in real estate investing or an experienced investor should know that the way you finance your property impacts your return on investment. The Mashvisor tool takes into account whether you are financing your property with cash or a mortgage, and changes its data based on that factor. This gives investors accurate data on their return on investment.
Data Accuracy: Mashvisor vs Alltherooms Analytics
When investors are searching through short term rental data on most software platforms, they are looking at the averages of data. Most software platforms offer the averages of real estate market data as they think it is the most accurate and reliable. Mashvisor does not use the averages in its real estate market data, but rather the medians.
Mashvisor uses this approach to offer investors the most accurate data. Using the median, rather than the averages, or mean, eliminates outliers in the data which could greatly impact and skew the averages other software platforms are showing investors. This ensures investors are receiving the most accurate and reliable short term rental data when they are using Mashvisor’s search engine.
Additionally, Mashvisor offers the most reliable and accurate data as it uses data directly from Airbnb, and only verified listings with more than three reviews are used to create its data. This method ensures that all the data Mashvisor uses is coming directly from verified Airbnb sources. This helps to filter out potential properties in which homeowners have given up renting out their properties, and only uses data from properties of known Airbnb hosts who have rented out their properties for a long period of time.
Lastly, Mashvior’s data is more accurate than other software platforms as Mashvisor takes its data directly from the MSL, rather than public records or other unreliable sources. This means factors such as the number of bedrooms and bathrooms will always be correct in any Mashvisor data search. Although other platforms, such as Alltherooms analytics offer a somewhat accurate data analysis, you will never have to worry anything is incorrect with Mashvisor as they pull their data from sources who have proved their accuracy.
Mashvisor Offers Lets Investors Connect With Agents
A unique feature that Mashvisor offers is they have a Real Estate Agent Directory tool that allows investors to search through real estate agents in any area, and connect with them. Whether an investor is looking to sell a current property or work with an agent or broker to purchase a new investment property, Mashvisor’s Real Estate Agent Directory tool lets investors discover an agent to work with. Investors can search through the Agent Directory and read about potential agents in their location to work with. It is always smart working with a real estate agent when you are looking to purchase an investment property as they know the area the best, and can help get you the best price on the property to ensure a larger Airbnb return on investment in the end.
Alltherooms Analytics Does Not Offer an Agent Search
Unlike Mashvisor, alltherooms analytics does not have any tool or search engine to connect investors with real estate agents. This means if an investor is interested in either selling or purchasing a new investment property they may have seen on Alltherooms, they would have to visit another website to find an agent in that area. Mashvisor makes it easy for investors by having all of the tools in one platform. It may be tricky to bounce back and forth from websites to find an agent and then try to fill them in on a property you discovered on a different website. Mashvisor takes away this stress and lets investors search for agents right on the website with the Real Estate Agent Directory tool.
Having no real estate agent search engine can cause complications to Alltherooms analytics. Even if the data presented in an investors search is accurate when they are using Alltherooms analytics search engine, when the investor goes to explain this data to an agent who is not associated in any way with Alltheroom, they won’t know what the investor is talking about or have the resources to see it. This means data can get lost in communication, which could impact the real estate agent’s job in getting the investor the best price on potential investment property, and increasing the investor’s return on investment. This factor indirectly could impact how accurate Alltherooms analytics data is.
Additionally, it may be more expensive for investors to find an agent on a different platform because it may cost money to register. Now, you are paying for two search engine software where Mashvisor offers all of this data in one place. This factor can lower investors’ return on investment in the end.
Mashvisor Vs Alltherooms Analytics, Who Is More Reliable?
This article has explored all of the similarities and differences between Mashvisor and Alltherooms analytics. Mashvisor’s rental data comes from reliable sources that ensure investors are receiving the most accurate data. The main difference is Mashvisor uses the median, rather than the average, to eliminate factors that could skew the data. This factor increases investors’ potential Airbnb return on investment.
The second biggest difference between Mashvisor and Alltherooms is Mashvisor considers how an investor will finance their investment property. How a property is financed, whether it is with cash or a mortgage, creates a completely different return on investment. Alltherooms analytics shows an overall market overview that does not specify how properties are financed. This means the data it is presenting to investors could possibly be inaccurate to them if they are financing their property in a different way.
Mashvisor offers investors all of the tools needed through their entire property investment search all in one place along with the most accurate data to help make their investment decisions. This makes investing in real estate easy. If you are interested in taking advantage of Mashvisor’s tools, click here to sign up for a 7-day free trial of Mashvisor today, followed by 15% off for life.