What we're learning from buying our next Airbnb property
Summary
This article discusses the importance of revenue management routines for short-term rentals and offers insights into daily and weekly pricing workflows. It emphasizes the need for consistent routines over reliance on tools, providing a framework for hosts to optimize their pricing strategies and improve revenue.
Key Insights
- •The biggest revenue mistake most STR operators make isn’t their pricing tool… but the lack of a daily and weekly pricing routine.
- •Early bookings can indicate underpricing or upcoming events.
Action Items
- ✓Review every booking to reveal pricing and demand signals.Effort: lowImpact: medium
- ✓Spot mistakes in minimum stays and pricing settings.Effort: lowImpact: medium
Tools & Resources
- →Freewyld Foundry: Get a Free Revenue Review → https://www.freewyldfoundry.com/report
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