How to add new properties in Forecast

The following video covers everything you need to know about uploading a property in Forecast in SummerOS and leveraging mapping labels to streamline your workflow. Whether you're onboarding a single property or managing a portfolio, these features help you stay organized and optimize your market analysis.

Watch now to get started, or keep reading for step-by-step instructions.

How to upload a property in Forecast

This guide walks you through two essential steps to get started with Summer Forecast: uploading a property and using mapping labels to build a competitive set. Follow these steps to streamline your analysis and unlock the full potential of your STR data.

Step 1: Uploading your property

Uploading a property in Forecast is quick and straightforward. Once you have the property address or Zillow link, here’s how to do it:

1. View the Property and Nearby STR Data:
   • Once uploaded, Forecast will display short-term rental homes around your property that meet specific criteria (e.g., 270 active days, at least 10 reviews).
   • Use the map to zoom in and explore the area in more detail.
2. Add the Property to Forecast:
   • In Forecast, click the Add Market button.
   • If you have the address, type it into the search field. Alternatively, paste the Zillow link by selecting the Use Link option and hit Submit.

Step 2: Using mapping labels

Mapping labels let you visualize and customize the data displayed around your property, making it easier to refine your competitive set.

1. Select Your Preferred Pin Labels:
   • Forecast offers flexibility in how data is presented.
   • For example, you can view properties by:
     • GMC Revenue (Gross Minus Cleaning Fee, or Booking Fare)
     • Bedroom Count
     • Number of Reviews
     • ADR (Average Daily Rate)
     • Occupancy
2. Customize Your View:
   • Use the Rental Pin Label menu to select the data type you want to see.
   • Adjust the home limit (e.g., 100, 200, or no limit) to control how many nearby properties are displayed.
3. Analyze Nearby Properties:
   • Explore nearby homes to see their performance metrics. For example, focus on four-bedroom homes with high reviews or select properties based on revenue figures.

Next steps: Narrowing down your competitive set

With your property uploaded and mapping labels adjusted, you’re ready to use rental filters to focus on the most relevant short-term rentals. This helps you create a competitive set tailored to your analysis needs.

By following these steps, you’ll be able to upload properties efficiently and leverage mapping labels for deeper insights into your market. Dive in and start building data-driven strategies with Forecast in SummerOS!