AirDNA Establishes Partnership with RealPage

AirDNA and Migo have compiled a new list of the greatest cities for rental arbitrage, including Savannah, Charleston, New Orleans, Nashville, and Jacksonville. San Diego is a newcomer to the top of the list, with an annual increase in apartment rents of 4 percent.

FREMONT, CA: AirDNA, the leading provider of short-term rental data and analytics, has joined hands with RealPage to provide insights and interactive tools to help renters and owners capitalize on rental arbitrage.

Long-term rental rates have increased by more than 10 percent in a third of US metro regions in the previous year, while short-term rental (STR) demand has rebounded dramatically after plunging by 50 percent in 2020, reaching a new high of 70.2 percent occupancy in June 2021.

The first joint analysis from AirDNA and RealPage examines the changing environment of rental arbitrage, including which cities have the most revenue potential and how the pandemic affected rates, demand, and traveler preferences.

"The rental arbitrage model has really taken on a whole new form in 2021," stated Scott Shatford, CEO of AirDNA. "What was once seen as 'house hacking' has now become a fully streamlined, transparent way for renters and owners to both benefit from flexible living — especially with tools like Migo."

These increases are good news for multifamily apartment owners and tenants who use Migo, RealPage's new flexible living platform that facilitates and automates multifamily home sharing on Airbnb. AirDNA and Migo have compiled a new list of the greatest cities for rental arbitrage, including Savannah, Charleston, New Orleans, Nashville, and Jacksonville. San Diego is a newcomer to the top of the list, with an annual increase in apartment rents of 4 percent.

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