EP079: Stay at Home Mom Makes $2500 a Month With Airbnb

Get Paid For Your Pad
Published: October 26, 2015
Pricing & Profitability

Summary

This article is a deep dive into revenue management, emphasizing that consistent daily and weekly pricing routines are crucial for maximizing STR profits. It breaks down how to read booking data, spot underpricing, and make small, impactful price adjustments. Actionable advice includes reviewing bookings, understanding booking windows, and adjusting pricing based on market signals.

Key Insights

  • •Early bookings can indicate underpricing or upcoming events.
  • •The article emphasizes that most hosts underperform not due to a lack of tools, but because they lack understanding of what to look at, when, and how to interpret booking behavior.
  • •Small daily price changes can increase exposure on OTAs.

Action Items

  • ✓
    Review pacing on a weekly basis using Market Penetration Index (MPI).
    Effort: low
    Impact: medium
  • ✓
    Make small daily price changes to increase exposure on OTAs.
    Effort: low
    Impact: medium
  • ✓
    Review every booking to reveal pricing and demand signals.
    Effort: low
    Impact: medium

Tools & Resources

  • →
    Freewyld Foundry: Get a Free Revenue Review from Freewyld Foundry(https://www.freewyldfoundry.com/report)
  • →
    Freewyld Foundry: Learn more about Freewyld Foundry(https://www.freewyldfoundry.com/)

Related Videos

Thumbnail for Michael Chang
2:57
Want to see what your potential short-term rental ROI is? 1️⃣ Follow me 2️⃣ Comment
090
Pricing & Profitability
intermediate
Thumbnail for Michael Chang
1:38
1️⃣ Follow me 2️⃣ Comment “CALCULATOR” 3️⃣ Check your message requests for my free STR wealth &
62 views75
Pricing & Profitability
intermediate
Thumbnail for Kai Andrew
15:57
Why Most Airbnb Hosts Are Quietly Failing
1.9K views90
Pricing & Profitability
intermediate

More from Pricing & Profitability

KC has ‘highest occupancy’ of World Cup cities. Is effort to add rentals working? - Kansas City Star

This article discusses Kansas City's high occupancy rates compared to other World Cup host cities, raising questions about the effectiveness of efforts to increase short-term rental availability. It implicitly touches on market trends and the impact of major events on the STR market. The article likely explores whether increased rental supply can meet demand while analyzing the city's approach to STRs.

1 day agoKansas City, MO75
Pricing & Profitability
Local News
Best Mountain Towns Where Homes Deliver the Strongest Airbnb Returns - Realtor.com

Realtor.com's report on best mountain towns for Airbnb returns reveals key locations for STR investment. The analysis likely includes data on occupancy rates, ADR, and RevPAR to identify profitable markets. Understanding these trends helps hosts optimize pricing strategies and choose lucrative destinations.

2 days ago85
Pricing & Profitability
Airbnb offers $750 incentive for some Ga. hosts during FIFA World Cup - WRDW

Airbnb is offering a $750 incentive for some hosts in Georgia during the FIFA World Cup, potentially boosting occupancy and profitability. This program seeks to capitalize on increased demand from the international event, offering financial benefits to participating hosts. Learn how to qualify and leverage this incentive for your STR.

3 days agoGeorgia85
Pricing & Profitability

Curated by Learn STR by GoStudioM