Checking prices, benchmarking performance, and offsetting cleaning fees with PriceLabs

Today’s expert guest is Monique DeLorenzo, a host who was eager to dive deeper into the financials of our great industry. In addition to hosting her cute Vermont a-frame property, she’s also a solutions consultant with PriceLabs, a revenue management tool for hosts and property managers that provides users with dynamic pricing and market insights.

We use PriceLabs and were inspired to email Monique as soon as the Airbnb winter release became public, to see if she had any insight on the cleaning fee changes and how one might best leverage our new parameters in that area to maintain, or even boost, revenue.

She covers that and so much more in this super deep dive on dynamic pricing. You don’t want to miss this one as you set your goals and expectations for the new year and beyond. 

(00:01:22) #STRShareSunday:@littlecoveaframe

(00:03:37) (Re)Introducing Monique DeLorenzo 

(00:16:34) Singing the Praises of Dynamic Pricing

(00:19:55) Update on Airbnb Platform Changes

(00:27:29) Common Pricing Mistakes that Hosts Make

(00:34:14) PriceLabs vs. Airbnb Smart Pricing

(00:40:50) Final Word on Airbnb Cleaning Fees

Resources:

• PriceLabs: Revenue Management for Vacation Rentals
• Visit thanksforvisiting.com/workshop to watch our Hosting Business Mastery Method workshop!
• Airbnb Essentials Checklist: hostchecklist.com
• #STRShareSunday: @littlecoveaframe
• Connect with Monique: @thevermontaframe

Thanks for Visiting is produced by Crate Media.

Mentioned in this episode:

Breezeway | Go to breezeway.io/tfv to claim your free implementation when you start a Breezeway account.

Hostfully | Go to https://www.hostfully.com/tfv and use TFV100 to get $500 off your subscription.

Relay | Go to https://relayfi.com/?referralcode=ThanksForVisiting for your FREE business banking account.

Hosting Business Mastery Method | Join us for our live, free, host masterclass and learn how to OWN your digital real estate!

HBMM | Sign up today at hostmasterclass.com.

Host Checklist | Grab our Airbnb Essentials Checklist and make stocking your Airbnb a breeze – we've got all your hosting needs covered!