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Podcast: STR Data Lab™ by AirDNA
Episode: Market Research Tips for Short-Term Rental Investors with Lydia Patel
Description: In this episode of STR Data Lab, Jamie sits down with Lydia Patel, a full-time pharmacist and short-term rental investor. Lydia shares how she started in the short-term rental market in 2020, initially learning about long-term rentals before transitioning. She talks about how she turned a tiny house in her backyard into a successful Airbnb listing. Covering her experience, Lydia mentions how analyzing data plays a crucial role in her investment decisions, driven partly by her healthcare background. She highlights the importance of looking at similar listings, their occupancy, and average daily rates to estimate revenue accurately. Lydia also shares...