Short Term Rental Riches 8. How to Price Your Short-Term Rental Perfectly - EVERYDAY!
Dec 24, 2019
Discover the power of dynamic pricing for short-term rentals! Learn how to automate your pricing strategy to match daily market fluctuations. Are you charging too much or too little? Delve into the importance of adjusting prices for seasonal events and occupancy rates. Explore smart pricing tools that can enhance your rental's visibility and boost revenue. Plus, get access to a free ebook to help you choose the best rental properties for your investment goals!
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Use Dynamic Pricing Software
- Use dynamic pricing software which automatically adjusts your short-term rental rates based on demand and supply.
- Connect the tool to your listing to optimize pricing without manual effort.
Set Base Price and Auto-Adjust
- Set base prices and let software auto-adjust for seasonality, events, and weekends to maximize revenue.
- Use features like event detection and weekend pricing increases to capture market peaks.
Manage Orphan Days and Minimum Stays
- Use pricing tools to identify and discount orphan days to fill unlikely bookings.
- Set minimum length-of-stay restrictions for bookings made far in advance to avoid blocking valuable longer reservations.