Revenue Management Questions Answered Part II (Ep 595)

about 2 years agoScore: 78
Pricing & Profitability
Revenue Management
Pricing Strategy
Dynamic Pricing
OTA Strategy
Direct Booking

Summary

This podcast episode discusses revenue management, highlighting the importance of a strategic approach and the potential of a new course on the topic. It also promotes the host's new short-term rental properties, FreeWild, and the VRMA conference.

Key Insights

  • Most hosts either manually put in prices or use pricing apps but lack a strategic approach to revenue management, missing opportunities for higher revenue.
  • The hosts of the podcast are launching a new course called "Cashflow Mastery" focused on teaching hosts how to implement effective revenue management strategies.

Action Items

  • If you don't have a strategic revenue management plan, download the free ebook and watch the free training from getpaidforyourpad.com/cash, and consider joining their new course.
    Effort: low
    Impact: medium

Tools & Resources

  • Cash Flow Mastery: For information on the new course "Cash Flow Mastery" go to getpaidforyourpad.com/CacheFlow Mastery.
  • VRMA: The VRMA (Vacation Rental Management Association) conference is happening soon in Orlando.

Related News

KB Home bets on built-to-order strategy amid a spec-heavy market

KB Home is shifting its focus to a built-to-order (BTO) strategy, aiming for higher margins in a challenging market. Hosts should pay attention to this trend as it may impact competition and pricing in their local markets, especially if private builders react to the changes.

1 day ago75
An Overview of Dynamic Pricing for Hosts [+5 Tools Included]

An Overview of Dynamic Pricing for Hosts [+5 Tools Included]

This article discusses dynamic pricing for short-term rentals, explaining how it works to optimize revenue and occupancy by adjusting rates based on market conditions. Hosts should consider implementing dynamic pricing, using tools that automatically adjust rates, to stay competitive and maximize profits.

1 day ago85

United Real Estate CEO Dan Duffy on the roadmap for competitive advantage

This article highlights the importance of data and AI in gaining a competitive edge in the 2026 housing market, emphasizing that hosts who prioritize data-driven decisions and adapt to market changes will thrive. Hosts should focus on leveraging data and AI to make informed decisions about their STR business to capture market share.

1 day ago75

Foreclosure Starts Fall 7.6% Nationally, But These Key Counties Show Rising Distress

Foreclosure starts are down nationally, but certain counties are seeing a rise in early-stage filings, which can indicate future pre-foreclosure opportunities. Hosts in Florida, California, Ohio, North Carolina, and Texas should monitor county-level data to anticipate potential distressed property sales and consider how this might affect their local markets.

1 day ago75