How to Price Your Extended Stay Rental to Capture the Full Earning Potential

442 viewsover 4 years ago13m 48sScore: 95

Al Williamson - LeadingLandlord

Pricing & Profitability
intermediate
Mid-Term Rental
Pricing Strategy
Market Research
Revenue Management
Profitability

Summary

This video outlines a professional strategy for pricing mid-term or extended-stay rentals by benchmarking against local extended-stay hotels rather than other Airbnb listings. It introduces the 'Pricing Envelope' concept to help hosts identify their market's low and high-end professional rates and adjust their own pricing to maximize revenue while minimizing vacancies.