Moving from Beyond Pricing to Pricelabs

Moving from Beyond Pricing to Pricelabs

Kerry BairdPro Member
Rental Property Investor · Melbourne, FL · Member since 2011 · 3k+ posts · 2k+ votes

Beyond Pricing just moved to a "pro" feature where I would have to increase my spend with them to see comps to my properties.  I can no longer see individual STRs that are comps, on Beyond. Beyond messaged me that they have an overwhelmingly positive response to the new "pro" level of product.  

I decided to give PriceLabs a go.  They both have a calendar setting, where I can see the entire month of pricing.  Beyond has pricing for both VRBO and AirBnb; I like the map setting they have, so I can eliminate comps that are not on the barrier island. I'm currently set up for AirBnb only on Pricelabs, and for some reason my VRBO bookings dropped way low in my Florida beach market, so I am using VRBO's pricing suggestions at the OTA level. 

I also notice that PriceLabs is set up to support longer bookings in the longer time horizon, and will aim to place shorter bookings in between, and also aim to fill in "orphan days" in between those.  I didn't notice the Beyond did that, as they didn't communicate it with me in the same way.

On PriceLabs, first impression: I like their dashboard view.  I can see the "health" of the properties, what its occupancy is, and what the market occupancy is, on a 7 day, 30 day and 60 day view and in a percentage form.  This helps me assess where I want my pricing to be, at the dashboard level.  In Beyond's dashboard view, they show me what my pricing is on a wheel, with the comps' pricing also on the wheel, so I can glance at the wheel and see mine vs comps' pricing or occupancy.

I'm new at this software...anyone want to chime in to share efficiencies they have with either software (or another one)?

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Investor · Member since 2022 · 1k+ posts · 754 votes
3y

Pricelabs has so many bells and whistles it can be overwhelming.  Their YouTube is my best friend lol 

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  • Investor · Charleston, SC · Member since 2022 · 4 posts · 3 votes
    3y

    Following this because I am about to open my first short term rental. I don't have much to add on the different tools yet, but I'm looking into dynamic pricing tools.

    I've been looking at the two you mentioned (Beyond and PriceLabs) and also a third option: Wheelhouse. Any experience with that one?

    Beyond seems like it wouldn't be a bad option for a small amount of rentals, but a larger amount of units would be more expensive.

    Do these tools help with getting a rental started since I have no ratings or reviews?

  • Real Estate Agent · Smoky Mountains, TN · Member since 2022 · 1k+ posts · 984 votes
    3y

    I use Beyond.  I am on the Lighthouse program since I own the property management company and our annual revenue qualifies us for it for next extra charge (although Beyond is more expensive then Price Labs, unless you're in a lower period).  If they don't get you bookings you obviously don't pay anything which is nice.  Several years ago I had stacked them up side by side and Beyond out performed Price Labs but quite a lot, more swings and dips during high/low demand periods.  I think Price Labs at the time didn't offer as much customization on items like dropping prices, nightly minimums, seasonal customization, etc. although this may have changed now.  That's my two cents!

  • Investor · Member since 2022 · 1k+ posts · 754 votes
    3y

    Pricelabs has so many bells and whistles it can be overwhelming.  Their YouTube is my best friend lol 

  • Member since 2018 · 24 posts · 10 votes
    3y

    We use both for our hotels.  Pricelabs is available in more areas.  Both are great, but Beyond asking for more $ is not wise.  We could drop them in a heartbeat and pay less with Pricelabs.  

  • Property Manager · San Antonio, TX · Member since 2021 · 54 posts · 29 votes
    3y

    @Kerry Baird Hi Kerry! PriceLabs is the best! It sounds like you’re familiar with looking at comps, which is great. Have you set up a Market Dashboard in PriceLabs yet? I’m a self-proclaimed PriceLabs “super user” and would be happy to jump on a video meeting to go over PriceLabs and answer any questions you have. I consult with investors around the country and would be happy to help you navigate the steep PriceLabs learning curve.

  • Property Manager · San Antonio, TX · Member since 2021 · 54 posts · 29 votes
    3y

    @Tyler Herlihy PriceLabs does have a steep learning curve, and the ones who set a base price and assume PriceLabs will get it perfectly right are missing out on so much functionality of the software. I’d be happy to help you navigate the steep learning curve so you can get ahead of your competition. I’ll send you a PM.

  • Property Manager · San Antonio, TX · Member since 2021 · 54 posts · 29 votes
    3y

    @Brooklyn McCarty yes, PriceLabs has some great content and their chat support feature has had a quick response rate, which anyone would love! If you have specific questions about PriceLabs or want to see if your missing out on any of the higher level strategies, let me know. I’d be happy to help! I consult with investors around the country to help them understand their market data and how to use it to their advantage when pricing.

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