Your 'Luxury' Amenities Don't Matter if Your Calendar is Empty
Summary
This video discusses how hosts need to lower prices to increase bookings, especially in the current economy where people are more price-sensitive. The video introduces a "Month Math" technique to determine if your prices are too high by comparing potential monthly revenue with your mortgage costs (PITI). It also emphasizes that amenities don't matter if the property is vacant and suggests exploring long-term rental options if STR bookings are consistently lacking.
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Curated by Learn STR by GoStudioM