Start with these FREE GUIDES AND TEMPLATES:
🔑 STR Management Handbook 👉 https://t.ly/lYq8K
🔑 Airbnb House Rules Template 👉 https://t.ly/C7G3l
🔑 16 Page Guide to Acquiring The Right Property For STR Returns 👉 https://t.ly/Ok_Cc
📢 Get 50% Off Your First 3 Months with StayFi 📢 https://stayfi.com/strriches/
🚀 Get 24/7 Expert STR Management 🚀
BORROW my expert team 24/7 and improve your guest experiences without the stress 👉 https://strriches.com/management-services/
MAXIMIZE your STR success with my FREE resources 👉 https://restmethods.start.page
Stuck on your STR journey? Ask me anything for FREE here 👉 https://www.delphi.ai/tim-hubbard/talk
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I’m excited to dive into one of the most crucial aspects of running a successful short-term rental (STR) business—revenue management. It’s a topic that can seem daunting at first, but with the right tools and strategies, you can significantly boost your earnings and occupancy rates.
We all know that setting the right price can make or break your rental business. While tools like PriceLabs are fantastic for dynamic pricing, there are additional strategies that can push your revenue even higher.
In this episode, we’ll cover the importance of setting an absolute minimum price, the benefits of having different rates for weekdays and weekends, and how to leverage special event pricing to your advantage.
By the end of this episode, you’ll have a clear understanding of how to fine-tune your pricing strategy to capture those last-minute bookings and maximize your revenue.
In this episode you’ll learn:
0:00 – Intro
1:23 – Absolute Minimum Price
2:34 – Weekday vs. Weekend Rates
3:18 – Setting discounts
4:27 – Special Event Pricing
6:08 – Comp Set Analysis
6:20 – Outro
I hope you found these pricing strategies helpful. Remember, fine-tuning your pricing can make a significant difference in your STR revenue.
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Tim Hubbard, a successful investor and CEO of a seven-figure short-term rental management shares it all in his Short Term Rental Riches Podcast. This podcast gives you the insider tips you need to know to acquiring, operating, and scaling a successful short-term rental business.
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