It took me 10 years to create this Airbnb Pricing Strategy

Рет қаралды 12,829

Күн бұрын

Пікірлер: 46

@ShawnBennett-fe2bf Ай бұрын

I found you and your videos about 6 months ago and I'm so glad I did. I've talked to Drew on your team and he got me set up with your courses which I jumped on right away. The strategies you taught and I have implemented already have shown great success. Just the one little tip of lowering our minimum stay has showed great success. Our only problem is Rabbu doesn't have much info on our area as we are in a rural small area so Ive had to try to figure things out from my competition . Looking forward to your book. Thanks Again

@Vidaesuna 8 күн бұрын

Love your videos!!! Thank you so much for helping us who depend on this job and can’t find anywhere this amazing information when you are still the little guy

@Vidaesuna 8 күн бұрын

Love your educational pricing content!!

@Joe-nx7nj 2 ай бұрын

Every time I drop my price to get bookings.I get the absolute worst guests. Not worth the headache. Anything under $100 a night for a 2 bedroom is just not worth it.

@AirbnbAutomated 2 ай бұрын

How last-minute are you making those price drops? And from what price from $200 to $100 5 days out??

@Joe-nx7nj 2 ай бұрын

@AirbnbAutomated I'm in joshua tree. During the week, I go from $125 to 95 a few weeks out and if i get bookings, I always get bad news from my manager. Usually they trashed the hot tub and it needs to be refilled and cleaned. This is infuriating because air bnb has denied claims for hot tub extra service because these assh*le guests write a message during their stay stating the hot tub was dirty when they got there, even though i have evidence of it not being dirty and pics of it being wrecked after and literally brown.

@AirbnbAutomated 2 ай бұрын

You have made some adjustments to maximize your likelihood of 5-7 day bookings? Have you tried my split strategy?

@Joe-nx7nj 2 ай бұрын

@AirbnbAutomated i will try it out. Joshua tree seems to only get 2-3 day or 4 day bookings in my experience from the last 5 years. 4 days or more being very rare.

@Joe-nx7nj 2 ай бұрын

@AirbnbAutomated I've tried a lot. Air bnb in an economy like this is not what it used to be. It pays my mortgage but i will just live in the house and build another van to travel in.

@konstantinderman2321 2 ай бұрын

Hi Sean, long time listener and lifetime learner. Have a 3 bed house in white mountains NH with amazing views. I'm running a dualish algorithm. I said my prices on PriceLabs slightly lower in general, based on the seasonality and sometimes microseasonality to be at around 25% market according to price labs. With 2 day minimum, I use ruleset to increase the short-term stays by 50 to 20% and then reduce that gradually the more days people book for. But with average daily rate of 3.1 days, it books on during summer, but not all that well during off seasons. How do you feel about setting much lower rate, but using a feature in pricelabs that says a minimum total start booking amount. As a result, this will dynamically change the minimum stays depending on what the minimum daily rate is.

@Easyservice-x8q Ай бұрын

Your videos are always great

@albertvelasquez7460 2 ай бұрын

Always bringing value Sean.

@JJAY66 Ай бұрын

Nobody ever mentions if they are renting out by room or the entire place and if so, which one is more profitable?

@troycopeland2170 2 ай бұрын

Who said you don't bring value and know what you are talking about? Not me!! good stuff. Keep feeding it... I'm like a sponge!!

@AirbnbAutomated 2 ай бұрын

Ill keep at it!

@jim4sparks 2 ай бұрын

Great information as usual. Much appreciated!

@GoldDAokiji Ай бұрын

Hi! I have a question, when you talk about the LDA, and you are sure to get Booked at 150$ at 30 days out because you know you LDA( in this case 155), how can it help me during the year if the price changes every months? Since seasonality affects my prices, how can I use these numbers, or how can I change it in low season or in peak season?

@markdowdle1 2 ай бұрын

Thanks Sean. Always good information. I have all Studio apartments which tend to have much shorter lead times. Any adjustments to this you would make specifically for Studio apartments?

@AirbnbAutomated 2 ай бұрын

You’re already hitting the nail on the head in concept. Stay brave on price, even last minute if the data says so. But there is a lot of hustle in last minute pricing for studios when the data turns sour. You also get the advantage of playing battleship on one listing per location without exposing everything to low prices

@MarbellaVillageTeam 2 ай бұрын

Great production Sean!

@AirbnbAutomated 2 ай бұрын

THANK YOU!

@sheriwebber1950 2 ай бұрын

I recently booked an Airbnb property and encountered significant issues upon arrival. The property did not match the listing photos, and there was a severe odor problem. We immediately contacted Airbnb customer service to cancel our reservation without using any of the facilities or amenities - we didn't even unpack our bags. Despite paying $800 for the stay, we had to leave immediately due to the misrepresented conditions. Unfortunately, Airbnb's customer service has been unhelpful in resolving this issue. To make matters worse, the host has now left negative reviews about us. I'd like to know what options are available to pursue a refund and address this situation, as I believe I'm entitled to compensation since the property was not as advertised." I am also host myself,Thank you so much.

@carlosparra3451 2 ай бұрын

Hey Sean, Would be great to have your thoughts on how to make the best out of an airbnb regulation. In Mexico City (25k+ listings) there will be an str regulation with a cap of 50% occupancy per year. I was thinking that with lower airbnb supply (hosts leaving the platform) + proper revenue management strategy + targeting higher paying guests , the net profit could be the same , even with a 50% occupancy cap. What do you think?

@AirbnbAutomated 2 ай бұрын

And do non str stays for 50% of the year

@MASEG-CallofDuty 2 ай бұрын

Hi Sean, Thank you for the video and sharing your expertise. Is there a video in the history regarding relocation liaisons, finding corporate housing or temporary housing from home insurances? We have our home up and running however needing 30+stays.. Just purchased furnished finder membership. Could be $ waisted but willing to go down all avenues for potential. Thank you again, greatly appreciate you. Always feel better after watching your videos.

@AirbnbAutomated 2 ай бұрын

I only did one video where it was a follow along as I called companies to prospect for relocating employees or clients. I did that during the peak of the COVID-19 fallout. I haven’t since done anything on that for free. It’s a high level topic and involves a complex set of skills, including Sales, so I typically reserve that for one on one coaching.

@MASEG-CallofDuty 2 ай бұрын

@@AirbnbAutomated I see, thank you for responding and clarification.