Sure, renting out short-term rental property can be an incredibly lucrative business – but many property owners sometimes need help with the pricing. That is why many property owners will opt for the AirDNA website – as it provides them with insight on pricing on a similar property in the area, the number of vacancies in other properties, and additional crucial info.
Short-term rentals and a rental market analysis tool such as AirDNA go hand in hand – but the issue with AirDNA is that it can lack some of the information property owners need to make the right choice regarding rental rules and the pricing.
So, are there other websites that provide property owners with more information on a property?
Yes – which is why we did our due diligence and sought out some excellent AirDNA competitors. Continue scrolling to see our list of sites like AirDNA: 10 options that are worth considering for short-term rental data analysis!
Wha Is AirDNA?
Before we start with the AirDNA alternatives, let’s explain what this platform is – and do a quick AirDNA review.
AirDNA is a tool that assists property owners in doing profit analysis for short-term rentals. Their nifty tool allows property owners to calculate the price points in accordance with the area where the rentals are.
Another thing the AirDNA tool does is search for a similar property in the area, finding potential investments for you. It’s one of the most popular market research tools out there – and it allows property owners to stay on top of their real estate game.
The other service, the Investment Explorer, is a tool that takes all the short-term rental data and combines it with the prices for acquiring a property in a particular area. So, thanks to Investment Explorer, you can make better profits off your new real estate investments.
The goal of using AirDNA for short-term rentals is to make sure you have set the right prices for your property. AirDNA has plenty of valuable Airbnb market data, which allows you to determine the right price for one night at your rental, for example.
AirDNA takes into account what other short-term rentals in that area are charging for a similar property. So, if you’re either underpricing or overpricing, you could be missing out on plenty of business or more income – simply because you didn’t set your prices right.
That’s why rental owners love AirDNA:
In a few clicks, their tools help you figure out your pricing or see if there’s an attractive property nearby that you could invest in.
The tool consists of two services for property owners – Market Minder and Investment Explorer. The Market Minder service analyzes every short-term rental out there, giving you an insight on prices, vacancies, type of property in your area – and worldwide.
The Market Minder service is somewhat affordable, costing only a few bucks a month. However, the Investment Explorer costs a few hundred dollars, which could be a real hit to your savings if you’re only getting started in the real estate world. Their AirDNA rentalizer tool can be used free of charge, though.
On top of the pricing, AirDNA is not perfect – and some of the alternatives we’ll discuss might be cheaper and even better at providing you with the Airbnb data you are looking for here!
Sites Like AirDNA: 10 Options That Are Worth Considering
Having the necessary Airbnb analytics in your hands is principal when you’re doing short-term rentals. AirDNA might not be suitable for you for various reasons, which is why you should take a look at the alternatives – and see what they have to offer.
These alternative tools are pretty decent at conducting market research and price tracking and can be more affordable than AirDNA. What short-term rental property owners must remember is that even the best alternatives will only show past data of any property out there.
So, you should get a grasp of the pricing trends in the future and learn how to use the historical data to your advantage!
Now, let’s talk about sites like AirDNA – and what they have to offer!
1. Transparent Pricing
Transparent Pricing is one of the great alternative sites like AirDNA to use when setting the right prices. This tool takes into account the market demand, current pricing, and occupancy/vacancy rates.
Their market research tool even gives you information on the origin of the guests, which can be the key ingredient for a successful marketing campaign. If you know who you need to attract, it will be that much easier to fill those vacant spots in your rental.
The Transparent Pricing tool comes with an ROI calculator, providing owners with details such as the current property prices and what kind of revenue you can expect from the property.
The services aren’t cheap, but they’re still more affordable than AirDNA.
Mashvisor is one of the most popular – and, objectively speaking, best – tools you could rely on when it comes to short-term rental properties.
It enables the short-term rental owners to optimize their strategy as it provides information about the income on rentals in the area and property prices. Furthermore, Mashvisor’s tools allow you to examine vacancy rates, the prices in the area, and year-round trends.
Mashvisor tools make it easier to set the right prices for your rentals and increase your return on investment with an in-depth analysis of the rental property market.
On top of that, you can find out what the users of the rentals deem important and focus on that – and discover the best areas to invest in right now.
Mashvisor also includes a Property Finder tool that enables users to search for a property using many different parameters.
The services are fair-priced and are a great investment for getting the most out of your property – ensuring that you never miss out on a key opportunity again!
Smartbnb is an automated market research tool used by property owners. The original idea was to make daily management much easier.
Smartbnb gives you the option to analyze the property’s performance and success. The service is not affordable – but it offers perks such as quick results and outstanding ease of use. You can find out whether you’re losing on opportunities with your property in a matter of minutes.
It makes handling daily tasks much easier – and even allows you to go through reviews quickly if needed. Even more so, it reduces the workload for property managers – and it can increase your income significantly by comparing your prices to the prices in the area!
Next, we have Wheelhouse – one of the best-looking market research tools for property owners that need additional market analysis. The tool uses local data to conduct how well your property is doing.
Wheelhouse even includes valuable features you can fine-tune according to your needs and likes. And if you use the Wheelhouse tool right, you can increase your annual revenue by 20%, which is a significant rate.
The tool is completely automated and extremely easy to use, but it comes at a relatively high price.
One of the best features Wheelhouse provides is the Rev. Score, which essentially keeps tabs on the performance of your properties. It determines if they meet the expectations – and grades them accordingly.
DPGO is somewhat different than other market research tools included in this list, as DPGO is software utilizing artificial intelligence. This software allows property managers to analyze over 200 crucial elements of their property.
DPGO does so much more than an average Airbnb calculator. It helps the property owners set their prices better, allowing them to stay competitive on the market.
Oh, and it comes with a 30-day trial period! However, do keep in mind that this tool isn’t the best option for finding potential investments.
With this software, you gain access to features such as current market data, yield management, tracking your property’s performance – and you get to include your personal goals in the market elements to track your success better!
Skuuudle is an artificial intelligence-driven market research tool that was designed with the sole purpose of allowing property owners to stay competitive.
The tool conducts its research of the rental property market based on a market leader property, allowing the property managers to set just the right price.
Skuuudle comes with a range of fantastic features, including the price management tool, various statistics, data evaluation, cost analysis tool – and competitor intelligence.
It is, by far, one of the best-developed tools for property managers because it collects plenty of information and allows the users to get a better picture of the market. However, the tool doesn’t allow free trials – and the price could be too much for new property managers.
Airbtics is another one of the sites like AirDNA that provide Airbnb analytics for short-term rental property owners. It’s one of the best tools to track the performance of various properties, as the tool provides the manager with suggestions on how to make the property more appealing to the guests.
Airbtics is beyond convenient. It finds what properties are lacking and points out what could be done better. What’s more, it enables the managers to find similar rental properties to invest in.
The aggregated platform lists all the hottest areas to invest in right now – and all that for a rather reasonable price for the annual service, compared to the costs of AirDNA.
8. Beyond Pricing
The next on the list of sites like AirDNA is Beyond Pricing – a tool similar to Wheelhouse. The goal is to find out what the fair and right pricing of your rental property is – and whether you are missing out on potential revenue as is.
Using the Beyond Pricing tool is pretty straightforward:
The owner is required to put in the basic information about the property and let the tool work. In less than a minute, your property results will be ready, and you can determine if your property is priced competitively or not.
Another neat feature of Beyond Pricing is tracking performance, allowing the property owners to track their success and check if they’re meeting their goals.
The tool comes with a relatively high price for the service, though.
SeeTransparent is a tool for rental property owners designed to optimize vacation rentals. Their Smart Rental data dashboard includes the global market and updates their data on the markets every week.
With the SeeTransparent tool, the property owner has the chance to track the pricing of similar rentals in the area and inspect the performance of the property. It also enables the user to track the performance of each property individually – which is rather convenient.
What this tool lacks, though, is a feature that provides the user with insight on how to make the property better. On top of that, it’s one of the most expensive tools available – which may be too much for new investors.
Alltherooms is one of the newest market research tools out there. It works in the same way as the others – it gives the rental property owners more information about the pricing.
Their goal is to help property owners remain competitive in the market and increase their profits. Alltherooms does a fantastic job, and it comes with pricing that doesn’t break the bank. This tool even has a free trial so that you can try it out before you settle on a subscription.
The key difference between AirDNA and Alltherooms is that the latter provides the users with an overview rather than an insight into every market. So, if you are only looking for some guidance rather than extensive help, Alltherooms ought to be just fine for your needs.
Sites Like AirDNA – Bottom Line
With so many sites like AirDNA, it can be genuinely tricky for new property managers to find a service that does what they are looking for at the moment.
But despite so many alternatives available – all with varying features designed to increase your return on investment through extensive data – we have to conclude that the Mashvisor tools still manage to outshine them all.
Mashvisor allows property owners to track their rentals short-term and long-term, go over new properties they can acquire, figure out the finances, and more – giving Mashvisor’s tool a clear advantage.
With that said, we invite you to join us at Mashvisor through our free trial and let us help you find a new, exclusive property to invest in!