As we saw in the previous article, Rental investment: finding the best property to rent on Airbnb, many criteria must be taken into account to determine the potential of a property for seasonal rental. Its city, its location, its rental period or its proximity to your main residence... And since the internet will tell you everything and its opposite, we suggest you discover two online tools allowing you to concretely study the potential of properties real estate in the area you are considering.
The seasonal rental data specialist: AIRDNA
AIRDNA is one of those almost confidential platforms which, however, allow you to save a lot of time in the creation of your rental investment projects. This 100% online platform allows you to discover the statistics of seasonal rentals city by city. To do this, Airdna analyzes data from major seasonal rental sites to determine occupancy rates, income, types of housing, the geographical distribution of properties… over an infinite number of locations. Its practicality is almost unrivaled in this field and you will certainly find in Airdna a practical and accessible source of information to study the potential of your rental investment project.
https://www.airdna.co/
The site has a free formula but which will only allow you restricted access to the data. However, this restricted access allows you to have concrete and decisive elements of analysis for the analysis of your project.
Real estate investment simplified: Yuno
Yuno is also one of those relatively confidential online tools although it is truly effective. Although it does not focus on seasonal rentals in particular, but more on the logic of real estate investment in the broad sense, it offers a particularly interesting search function for studying the profitability of properties in a specific sector. The search engine compiles online real estate ads while highlighting the price per square meter of the property vis-à-vis the average price in the sector but also and above all automatically calculates the gross yield.
https://yuno.immo
Like the site mentioned above, Yuno has a free version and a paid version. In its free version Yuno also offers you a limited number of features but will already give you a good overview of the local real estate market. You are free to opt for the paid version for more features and information on your research.
It is true that these few online tools will allow you to effectively complete the previous article and confirm or invalidate the information you find online or in your personal network. However, we also suggest that you approach real estate agents specializing in seasonal rentals. The YourHostHelper teams are trained for this and can help you realize your investment project in the best conditions, so do not hesitate to contact us.
Christian, director of our concierge service in Clermont-Ferrand
Your search for rental investment must be pragmatic:
Throughout your research, keep in mind that you are about to make a rental investment. Consequently, the property will not be for your use but for that of the tenants. Your personal criteria must therefore come after those of your tenants. Geographical sector, city, location, access to shops, transport and activities… These are all points where practicality and the demand of travelers will prevail over your personal desires.
Also, be sure to rationalize your decisions and back up each of your opinions. Calculating the costs, carefully studying your financial capacities and surrounding yourself with competent people to carry out your project will be all good practices for making a successful seasonal rental investment. A real estate agent specializing in seasonal rentals, your banker, accountant and all professionals capable of guiding you in your project will be allies on which you can rely to make good decisions.
