HOW TO PRICE YOUR AIRBNB (2019)
Summary
AI-generatedLearn how to strategically price your short-term rental listing by starting lower to gain reviews and build confidence. This approach allows for gradual price increases over time, maximizing long-term profitability rather than focusing on immediate high revenue.
Key insights
Launching a new Airbnb listing with a lower price point and offering discounts to early guests can help secure initial five-star reviews, which are crucial for building trust and attracting future bookings.
Mistakes to avoid
Listing at a high price point ($350/night) with no prior hosting experience or reviews can lead to high guest expectations and a greater risk of receiving a damaging low-star review.
Tools & resources
Get Started on Airbnbcourse
Richard Fertig offers a course to help hosts get started on Airbnb.
Frequently Asked Questions
Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial