2023 STR Spring/Summer Pricing | Short Term Property Management w/ Luke Carl

The Short Term ShopJan 24, 20231h 14m2.0K viewsScore 75
Pricing & Profitability
intermediate
dynamic pricing
off-season strategy
calendar management
occupancy optimization
STR pricing
M

Summary

AI-generated

This video discusses short-term rental pricing strategies for 2023, covering off-season bookings, dynamic pricing adjustments, calendar management, and the psychology of slow seasons. Hosts share insights on optimizing revenue and occupancy throughout the year.

Key insights

  • Pricing is a key factor for algorithm boosts on platforms like Airbnb; dropping prices slightly for open dates after a guest checkout can increase visibility and lead to more bookings.

Mistakes to avoid

  • Leaving large blocks of dates open too far in advance without proper pricing can lead to bookings at significantly lower rates due to software glitches or overlooked holiday pricing, requiring difficult cancellations.

Tools & resources

  • The Short-Term Shop Buyers Clubcommunity

    The Short-Term Shop offers a Buyers Club, a valuable community resource for investors to share knowledge and learn from experienced hosts.

Frequently Asked Questions

Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial