The Impact of Data on Short Term Rentals: A Deep Dive with Revedy's Colin Carvey

In this podcast episode, host interviews Colin Carvey, the CEO and founder of Revedy, a data analytics firm focused on short-term rentals. They delve into the challenges of leveraging data in the STR market, particularly the inaccuracies that arise from data scraping and averaging. Revedy tackles these problems by drawing from various data sources and emphasizing asset-level analysis over market averages. They provide in-depth evaluations, including an "error appraisal" that merges property and business valuations. The discussion also explores market trends, highlighting a split between well-managed properties and those that are not, while forecasting growth fueled by increased professionalism and the anticipated entry of large institutional investors.