Don't Make These Airbnb Pricing Mistakes

[@tracy3066]

I use Price Labs and pretty much have set my minimums and let Price Labs do the rest. I have been using Price Labs for about 4 months now and I've never once been disappointed with the price it got us. (Many higher than I would have thought we could get!) I also set my calendar out for 12 months for 2 reasons. 1. For the football games.When the schedule comes out in April guests will book for games all season into December. We have one property that we've had for 5 years book almost ever single game within 2 days after the scedule game out in April. 2. Price Labs seems to get us higher prices for further away stays. I just got a New Years eve booking for one of our properties at a pretty high price. I'm happy with it. Why not take ever booking you can get!!

[@joeplevnaik9872]

Leave your calendars open 12 months ahead, just set your prices higher than normal. If you get a booking AMAZING, if not look at your lead time and adjust prices accordingly.

[@justinadasilva1760]

I have just bought a cottage and decided to list it as airbnb to generate some income and pay off the mrtg for it. I just want to say love your videos and thanks for posting information online like this as it really helps new airbnb hosts be a little bit more informed! :)

[@dmitriysotnykov9928]

Thanks a lot guys, the video is quite informative and well structured without that fluff that is typical for some Airbnb tutorials or advice videos. Valuable info and straight to the point.

[@kyleeandsteven]

Thank you! So glad you found it helpful.

[@fabianstoll]

Did you program a bot to check hotel prices and update your prices automatically?

[@sassysally82]

Thank you for all the great content, I've been making my way through your videos one by one. I'd love to see a video where you go more in depth about your pricing strategy, how you like to use Price Labs or other software, what your once a week pricing update looks like & why, etc.

[@kyleeandsteven]

All great ideas, thank you for the suggestions!

[@billjensen7832]

I'm so grateful to your channel - I've learned sooo much and you both have a great delivery style which is enjoyable to learn from. I appreciate your transparency and vulnerability in your successes and your little hiccups. Thank you very very much for your videos and tutorials. Keep them coming. Cheers from Wisconsin.

[@kyleeandsteven]

Thanks, Bill! So glad to hear you’re finding helpful info!

[@paulamccue8891]

Hi! I found this video very informative as a new host. Thank you for sharing your tips and tricks to the rest of us.

[@bobuck9665]

Thanks much for your sharing your knowledge. Couple questions: 1. If you have your listing set up with "Dates unavailable by Default" how or where to you set up your calendar to be open for 90 days? 2. Are you only able to set uo manual pricing once you have published your listing, or is there a location on the "Editing" portion of the site? (Obviously a total newbie and not wanting to publish until all basis are covered). Pls advise. Thank you.

[@LuisSantos-z6z]

Excellent tips guys

[@Lawnpatrol14]

Subscribed! Great info, just purchased first property in cape cod. Do you guys use AirDna ?

[@entnous53]

Kylie and Stephen, One of your videos discussed having separate bank accounts for each STR and told us the online bank you use . I want to watch that video again and find out the name of the online bank. Can you remember which video that was? Thanks so much

[@kyleeandsteven]

We use Farmers State Bank (based in Iowa)

[@VictoriaMafumo]

@@kyleeandsteven is this video still available? I'd love to know how you separate property finances and get an idea of how airbnb allows you to make such payouts. I would assume that it's not just one bank account per property? all in all it may be a lot of bank accounts for numerous properties? how does this work? :)

[@jfromtheisland9520]

I’m so happy I found you guys ! Thanks

[@curriecountryliving]

Great info!! Thank you

[@RichMartin]

Great advice guys. I am going to tweak my price and photos .ore often. Thanks.

[@lyabado]

Hola query, on what total the calculation of the commission that corresponds to me as the company that manages the property should be made. Is it the total paid by the client to Airbnb?

[@bekindlove]

Quick question for you guys, I've been using Airbnb for 5 or 6 years now and have a pretty good grasp of things. I'm Going to be offering a new listing that has three bedrooms. I'm trying to assess the ability to offer the property at a cheaper rate if people only want to use one or two bedrooms ( say a solo traveler who normally wouldn't book a 3 bedroom place). Is there a way to do that through making multiple listings or do you all have a different way you suggest to do that? Thanks in advance for any ideas or help!

[@xavthomas]

Did you figure this out?

[@lenagraham2093]

Most people with limited vacation time, or who have specific destinations they will visit (like a National Park), are going to book 10-12 months in advance. Your property won’t come up in the search results for those people, and that’s a pretty significant number of people.

[@michaelpender898]

Thanks for the video. Do you know if the promotions on Airbnb overrides Pricelabs?

[@brianneligori9837]

Thanks so much, really enjoying your content! Question - am I still able to do Airbnb promos if I have a Pricelabs account connected? I notice that many of the settings do not show up for this reason.

[@stockrider2666]

I like the manual calendar tip!

[@kyleeandsteven]

It’s helped us out a bunch!

[@ayeshakhan-du1pb]

Awesome information Loving your channel

[@shannonbroughton5620]

Hello. I just tried to add promos to mid week dates. I currently have a “Last minute” discount on my page that I currently have always running for all dates. My question is, can I list multiple discounts/promos for the same block of dates? Secondly, can I pick all the mid week days in a month and add a promo to those dates all at once or do I have to do them individually of one another? The platform isn’t letting me add promos to certain days and I’m working on my desktop. Any guidance you can give would be helpful. Or point me in the direction where these kinds of ‘utilizing the platform easier’ questions are addressed.

[@ALPROCESSOR10]

This is super helpful, I also enjoy your style of teaching.. thanks a ton guys!

[@sybarisdesignlondon1112]

Hi Guys, Great videos. Really helpful. One question - I use channel manager to manage our small portfolio of short lets. I cannot see any Promotions on Airbnb. How do you manage 30+ flats without a channel manager. I assume you don't only list on Airbnb. Or do you only use Airbnb? Thank you.

[@kyleeandsteven]

We use one now (Uplisting) but we didn't until earlier this year

[@hipaholic9444]

Amazing info per usual. Thank you. We take possession of our first rental property next week.

[@kyleeandsteven]

So exciting!! 🎉

[@danique-instyle]

For pricing would you recommend just using price labs without paying for it for the free version? Is that what you do so that you can maintain control? Did you ever feel overwhelmed mentally with the pricing? Also what time of day do you set to go on there to do “tweeking” of your pricing?

[@ayobams7787]

Thanks so much guys! Great information here.

[@danique-instyle]

Great well explained content!!

[@danielbocelli]

I just started hosting a guest suite in my house and I’m definitely making these pricing mistakes. I don’t quite get the “mark all dates as unavailable” tip. Can you explain further on that one? Thanks!

[@kyleeandsteven]

Hey Daniel! It’s an availability setting. Basically you have two main options. Option 1 is that every day Airbnb automatically opens a new day on your calendar that is 3,6,9,12 months in advance. Option 2 (which is what we use) is called “dates unavailable by default” and it just means that our calendar stays blocked until we set the price and open it. So we manually open dates vs them be automatically opened by Airbnb. Hope that helps clarify!

[@danielbocelli]

@@kyleeandsteven thanks! That does help! So you block them by default, then research and set prices manually for about 3 months into the future, if I understood correctly. I had dates available way in advance and someone booked a very popular weekend at a regular price, so lesson learned!

[@kyleeandsteven]

Yep! You got it!

[@VictoriaMafumo]

@@kyleeandsteven Hi just wondering how this couples with pricelabs? Will it still sync with "dates unavailable by default”

[@danique-instyle]

Awesome thanks!!

[@bugz1292]

If dates are blocked by default and manually opened up say 90 days in advance do you manually open new dates on a daily basis? Weekly?

[@nnenna7701]

Thanks for your videos. What are the sheets and blankets you recommend in your airbnbs?

[@kyleeandsteven]

Hey Nnenna! Check out our video called “Don’t Make These Airbnb Set Up Mistakes”. Lots of good info there but also in the video description there’s a link to download our sample inventory which includes links to all the products we use in our STRs.

[@nnenna7701]

@@kyleeandsteven Thanks very much, will do!

[@leahmccarthy6769]

Do you use VRBO?

[@kyleeandsteven]

We do!

[@kimsmith8505]

Can you see those promotions when using a cellphone? Or only desktop?

[@kyleeandsteven]

Just desktop that we’ve seen!

[@clairelamoureux3463]

Another awesome video, especially that you guys show where exactly on Airbnb you can make the change, super helpful! I have a question related to pricing - do you try to attract monthly stays during low seasons by giving a deep discount? If so, can you apply a deep discount only on certain months(slow season) but not on the others(high season), and would you have to “protect” your calendar from a short stay that cut off your month long availability? Sorry I know it’s a bit loaded question, but would love to hear your thoughts. Thanks!

[@tracy3066]

I try to attract longer stays year round. The prices just change depending on what time of the year it is. I love the longer 30 days+ stays! And I have found you don't have to give huge discounts. There is no way to protect your calendar from shorts stays on Airbnb. I just hope the guests wanting to stay longer term get to my calendar faster than the short term guests do.

[@mjstirling]

I changed my calendar to what you suggested and now it’s all blocked out?

[@kyleeandsteven]

Yes you’ll need to open the dates manually 😊

[@davidacosta8060]

Thank you

[@brianpaton6687]

If I have Orphan days more than 5 days out and I have a moderate cancellation policy that offers 10% discount for the non refundable price will offering a special promotion over ride the non refundable offer.