Airbnb Business Tips for New Hosts: Pricing Explained 💸💸💸

[@esthermacdonald1578]

I have just watched 4 of your videos, very helpful information . We plan to list a property within the next 3 months

[@astroboyfan12]

Great data, thank you so much. I am a new host and this helped me a great setting the price.

[@AirbnbUncovered]

Glad it was helpful!

[@lucysmith3402]

Excellent information for new starters. Thank you.

[@AirbnbUncovered]

Glad it was helpful!

[@roadtoST]

Amazing video! I literally just listed my first property on Airbnb yesterday. I still have a lot of questions, but this video was very helpful!

[@AirbnbUncovered]

Great! Glad to help. I have many more videos that you can check out! I am also offering an Airbnb Pricing Workshop in early November - you can get on the waiting list here - wealthystrhost.com/join

[@TheTerrisElliott]

How it going? Profitable? Easier than you feared?

[@kimannsimmons7469]

SCRIPTING DOESN’T MATTER BCC TIPS ARE PRICELESS!!! DO U BOO WE LOVE ALL HELPFUL INFO!!! 🌺

[@AirbnbUncovered]

Thanks KimAnn!! Glad you find the info helpful!

[@silverowlthrifter]

We had an Airbnb near Augusta. The Masters golf tournaments allowed us to triple our regular rate.

[@AirbnbUncovered]

OMG That's amazing! Do you know if you could've gone even higher? Are there any other events during the year that you could charge a higher nightly rate?

[@kkeepiitmmoving]

This video was the best I found that explains this out to new hosts. Thank you soo much.

[@AirbnbUncovered]

Oh wow! Thanks so much for your kind words. Be sure to share it with any other hosts you know 🙏

[@maggiemooreification]

Wow, thank you. This is so clear and easy to understand! I have subscribed and look forward to learning more from you.

[@AirbnbUncovered]

Thanks Maggie!! New videos are on hold for a few more weeks while I work on my Airbnb Pricing Workshop. But we'll soon have new content! In the meantime, there are a bunch of other videos in my library that you'll enjoy!

[@wenskitomasz]

Toronto! 😀

[@kathyw2935]

This video was very helpful (as all yours are!). I have a question- I am new, still prepping my property and getting very close to opening. I live in a "resort" area on the Fla Gulf Coast but not "on" the beach. My property is in a neighborhood and I am trying to reach "executive" type guests, maybe coming for training, military work and traveling medical. Our "season" is generally thought of as summer months when people come to the beaches. We also get northern guests who come during our winters. Since I am not on the beach, should that season really apply to my property? Or do I just jump in and give it a year to determine over that time which months are higher demand? Have you ever listed a property as "executive" rental? I have really gotten a lot of great info from you. Your presentation is very calming for a nervous newbie... thank you.

[@AirbnbUncovered]

Hi Kathy, Thanks for your kind words! I've had a few hosts who were in Florida and it seems to be more or less constant. Of course, Christmas, Spring Break, Summer Holidays will all play a role and bump up demand. You can also check your competition nearby - what are their prices looking like in different months? What is their occupancy in the next month? And sometimes you just have to see how things go. My rule of thumb... if you have crickets in your inbox... you are likely priced too high (unless you are fully booked for a month or more!). If you are getting tonnes of bookings, you are likely priced too low. Good luck!

[@andreaquerales2932]

Very clear and helpful! Thank you so much :)

[@AirbnbUncovered]

Glad you enjoyed it!!

[@zarwaashraf9755]

the area I am in is not too popular. I am not sure if there is even any traffic of people who would want to stay at an airbnb. I also want to start off at a low rate to get attraction and for people to leave reviews. please guide me further!

[@AirbnbUncovered]

Sign in to airbnb as a guest and have a look at what's in your area. What are people charging? How many are there? What is their occupancy?

[@Reddylion]

nice...

[@AirbnbUncovered]

Thank you! Cheers!

[@annamarie9050]

Excellent info, thank you

[@AirbnbUncovered]

Glad it was helpful!

[@realtyrocks1969]

Video starts 1:35

[@AirbnbUncovered]

Thanks for the tip. Some people like to be introduced to me.

[@danielho3347]

Thank you!

[@AirbnbUncovered]

You're welcome!

[@ericadonaldson8167]

I’m a new host and these videos are so helpful. However, I’m not seeing price suggestions from Airbnb on the right side of my calendar

[@AirbnbUncovered]

If you click on your Base Price, do you see what similar listings are priced at? Or if you click an open day on your calendar? Airbnb has added this "Similar Listings" feature recently.

[@GGPop808]

Hey there! Do you recommend linen fee’s? I am new to Airbnb. Thoughts please 🤗

[@AirbnbUncovered]

Generally no. Most hosts charge a cleaning fee and that's it.

[@taylorsandidge1383]

When is the latest you can change the price??

[@AirbnbUncovered]

You can change your price at any point on Airbnb. If someone has sent a Request however, that price is locked in and can't be changed. Unless you send a Special Offer for a lower price.

[@ranahamza8154]

👍👍

[@AirbnbUncovered]

Thanks!

[@cjekwunife522]

Pls I want to venture into Airbnb renting business but I need an advice. My question is, “is it better to do with one’s own house or rented apartments for the business”?

[@AirbnbUncovered]

Well that all depends on your local market. Are full houses in demand ? Or smaller places. Assuming both options are equally in demand, maybe start with your house to see how you like it and expand from there.

[@kurdapyarose8461]

thank you so much

[@AirbnbUncovered]

You're welcome!

[@RomeoNY]

Hi What’s night rate adjustment mean ???

[@AirbnbUncovered]

Hi Juva, thanks for the comment! Nightly Rate Adjustment is when you tweak your prices. Does that answer your question?

[@elizabethhooker]

Back in 2014, I believe my highest rate was $145 for 2 young ladies.

[@AirbnbUncovered]

Fantastic!! What type of listing do you have ? Where are you located ?

[@elizabethhooker]

@@AirbnbUncovered Liz's Beachy Retreat in Santa Monica. A private room in my apartment.

[@AirbnbUncovered]

Then wow! $145 a night. Good for you!

[@elizabethhooker]

@@AirbnbUncovered That was my first year and not much competition from other listings in my neighborhood. So I adjusted my pricing-by lowering the nightly rate by $25. And I started booking more and increased my overall by $10,000

[@AirbnbUncovered]

Love it!! Sometimes you have to take a step back and see if a lower occupancy at a higher price is costing you reservations and more money, in the end.

[@mariancooke1736]

What are reasonable times that guesses arive+leav?

[@AirbnbUncovered]

Most hosts do a 3PM/4PM check in time and a 10AM/11AM check out time. Does that answer your question?

[@bbeason2668]

Make changes to your pricing every other day?? This must take a lot of time…. ? I’m new to this

[@AirbnbUncovered]

The more you are active on Airbnb, the higher you rank in search results. It's up to you. But it doesn't take much, tweak a price here or there. Maybe you've got an empty day a week away, drop the price by $2 or a bit more.

[@MysticM3800]

I got upset since I just started & didn’t know how to set the price and a got a booking for 2 nights $400 I really want to cancel this booking

[@AirbnbUncovered]

Hi Anna, oh that can be frustrating! I hope you've figured things out now!

[@paradisestudios6986]

love the info try and be less scripted looking when doing videos it comes across as less human and more robotic

[@AirbnbUncovered]

Thanks for the feedback and tips!

[@bettyannesiganto7001]

Beckie siganto

[@AirbnbUncovered]

thanks for the share!

[@mosesorenco610]

Fix your mic

[@AirbnbUncovered]

Thanks for the feedback!