Leveraging Airbnbs for Your Real Estate Business -with Cynthia Tant
Summary
This article is an episode of Get Paid For Your Pad, featuring a real estate agent who leverages Airbnb to boost her real estate business. The episode covers how to combine real estate, long-term rentals, and short-term rentals, along with revenue management routines, and offers insights on STR revenue management and CEO focus. Hosts can learn how to structure revenue management, review bookings for pricing signals, and identify key bottlenecks for business growth.
Key Insights
- •The article discusses the importance of a daily and weekly pricing routine for effective revenue management.
- •Early bookings can indicate underpricing or upcoming events.
- •The article emphasizes that most hosts underperform not because they lack tools, but because they don’t know what to look at, when to look at it, or how to interpret booking behavior.
- •The article covers how to identify the biggest bottleneck in your STR business.
- •The article discusses that STR pricing is dramatically harder than hotel pricing.
Action Items
- ✓Stay tightly connected to operations if you want accurate pricing.Effort: mediumImpact: high
- ✓Review every booking to reveal pricing and demand signals.Effort: lowImpact: medium
- ✓Recognize patterns inside your business and identify the true bottlenecks that require CEO-level attention.Effort: mediumImpact: high
- ✓Structure your revenue management time with a clear, practical framework.Effort: lowImpact: medium
- ✓Identify whether a problem is worth solving right now.Effort: lowImpact: medium
Tools & Resources
- →Freewyld Foundry Free Revenue Review: Get a Free Revenue Review from Freewyld Foundry.
- →Freewyld Foundry: Freewyld Foundry is mentioned as a resource.
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