Airbnb has transformed the short-term rental market. This disruptive technology has started wars in many metro areas, with voters fighting back.
Palm Springs is a great example- voters just knocked down a measure that would have banned Airbnb rentals in residential neighborhoods.
Some areas that encourage short-term rentals are starting to get competitive, and rates are declining.
With all this controversy, is the short-term rental market right for you?
Our guest today can help answer that question. Scott Shatford is CEO of AirDNA, a company that tracks the daily performance of over 4 million Airbnb listings in 25,000+ markets worldwide. The company gathers this raw data in order to help investors understand local Airbnb activity to determine potential investment opportunities and risks.