The Future of Labor and Rental Markets with Top AirDNA Economist Bram Gallagher
Are we headed into a recession? Where should we look to invest in new rentals? Bram Gallagher from AirDNA is here to answer these questions and many more! Tune in to learn about the rental market, and how to compare properties and market locations to find the best bang for your buck. Bram gives us insights into today's market AND what we can expect for the future!
Audio is streamed directly from the publisher (cdn.simplecast.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
"There's a narrow path to avoid a recession but also detain inflation." - Bram Gallagher
Episode Summary:
Are we headed into a recession? Where should we look to invest in new rentals? Bram Gallagher from AirDNA is here to answer these questions and many more! Tune in to learn about the rental market, and how to compare properties and market locations to find the best bang for your buck. Bram gives us insights into today's market AND what we can expect for the future!
About Bram Gallagher:
Bram began working in hospitality data in 2015 when he joined CBRE, then known as PKF Hospitality Research, as a hotel economist. For the next seven years he would produce national hotel performance forecasts, build new data products, and perform consulting work for hotel companies and DMOs, using his training as a UGA Economics PhD to ensure the analysis was rigorous and valid.
In 2022, Bram left CBRE to explore different aspects of the industry and was very excited at the opportunity to work with his long-time colleague Jamie Lane again at AirDNA. Bram currently works on developing short-term rental forecasts and researching regulatory implications in the short-term rental market.
Bram writes thought leadership pieces that focus on hospitality data analysis and has been published in Lodging Magazine, Hotel Business Review, and the Cornell Hospitality Quarterly. He is also an accomplished speaker and has spoken for the Atlanta Hospitality Alliance, Georgia Hotel and Lodging Association, Savannah Chapter of GHLA, Cobb Travel & Tourism, numerous CBRE Hotels Research presentations, ARES, HFTP, and the TTRA 2023 Marketing Outlook Forum.
In this episode:
- What is AirDNA
- Collecting and understanding data for short-term rental investments.
- The difference between hotel ownership and short-term rentals.
- The eb and flow of travel, vacation, and employment and how that effects rental occupancy percentages.
- Supply and demand of short-term rentals.
- Inflation and employment rates; current and what's expected in the future.
- The hottest investment locations.
- Private rooms expanding in the market.
- Future rate forecasts and outlooks for the market and economy.
- Moving into unfamiliar economic territory.
Key Takeaways:
- Invest in a place you feel comfortable; somewhere that works with your lifestyle.
- Know and understand your expenses when investing so you can get the best bang for your buck.
- The outlook is positive, the employment rates are a good sign for the future, even as we head into a downturn.
Connect with Bram Gallagher:
Connect with Joel Farrell:
- https://www.strivefor25.com/
- joel@strivefor25
- https://www.linkedin.com/in/joelfarrellvaloans/
- https://www.youtube.com/channel/UCISoNioAVR083iLErviv6pQ/featured
- https://www.instagram.com/strivefor25_/
- Are you ready to build an additional stream of income of $1,000 per month?? Check out Joel’s new course! https://joel-farrell-be35.mykajabi.com/offers/yLCu5bFC/checkout
Audio and show notes by
Skool Guide: https://www.skool.com/strive-for-25-1965/classroom
Youtube Episode: https://youtu.be/AstrTNZMEec?si=payTCkaKFRv29Znv