How much can this property make?
Ah...The eternal question!
The Short Term Shop teaches you how to manage your property like the BEST OF THE BEST, so it's important to know what the high-performers are doing - AND making!
What do their listings look like? How do they describe their property? What are their occupancy and average daily rates (ADR)? What amenities do they have? How is their property decorated and furnished? All of these things are important, so let's see what the "A students" are doing and copy (or exceed!) their ways.
The data below is for informational purposes only and is not a guarantee (or a limit) of income. This is not an exhaustive list by any means, nor has the info been verified in any other way. I am simply sharing research I have done in the past and will occasionally add to this list in the future. Please note: I do not have the bandwidth to pull this data for individual clients or properties but am happy to share what I already have.
Criteria for the AirDNA high-performers I've identified are 270+ days on the rental market and 20+ reviews unless otherwise noted. Then we sort for highest revenue within that building, development, or neighborhood. This is The AirDNA Data Guy's (John Bianchi's) method.
We recommend you have a paid AirDNA or PriceLabs subscription for your own due diligence and piece of mind.
Also see these blog posts about income:
