Short Term Rental Riches 58. Are You Pricing Your STR Right?
I am constantly learning and improving my rentals and my goal with the podcast is to pass all of that on to you. Part of my continued education includes webinars, youtube, videos and anything I can get my hands on. This week I share what I learned from a recent webinar I attended with the CEO of Wheelhouse, one of the most well-known pricing tools for the STR industry. I’ll break down my main takeaways and what you should be keeping an eye on to make sure that you aren’t leaving ANY money on the table.
- The THREE demand impacts that affect your STR rates
- How to determine your closest competitors and their prices
- Pacing; Are you getting bookings too soon or too late?
Checkout the pricing tool that I use called Pricelabs.
Wheelhouse is another option.Still not quite sure what a “dynamic pricing” tool is? Listen to Episode 8 to learn more.
Want a crash course in just two days with everything you need to know to find, acquire and operate a short-term rental with passive operations? Good news! We have our latest live webinar recording available here; https://restmethods.com/virtual
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If you want to learn more about Tim’s journey, email us at resilience@restmethods.com for a free copy of the Amazon Best Selling book Tim co-authored: “Resilience, Turning Your Setback Into a Comeback.” Please make sure your subject line says “Book Copy”
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