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Updated about 2 months ago on . Most recent reply

User Stats

9
Posts
8
Votes
Jonathan Snider
  • New to Real Estate
  • Memphis, TN
8
Votes |
9
Posts

Is there something wrong with my listing?

Jonathan Snider
  • New to Real Estate
  • Memphis, TN
Posted

I just went live with my first listing in Panama City beach a little over a week ago, and I am a little discouraged. I know bookings will be slow starting out because I don't have any reviews, but no one has shown any interest in it at all. I figured with fall break coming up, it should be pretty easy to get a booking. I have discounted the price multiple times from what PriceLabs recommended.

Is there something wrong with my listing? Are the prices still too high? Or am I just being impatient?

Listing: https://www.airbnb.com/rooms/1466597630604620002

On a side note, what would you expect a cleaner to charge for a unit like this?

Most Popular Reply

User Stats

607
Posts
544
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Trent Reeve
  • Rental Property Investor
  • Atlanta
544
Votes |
607
Posts
Trent Reeve
  • Rental Property Investor
  • Atlanta
Replied

I am in the PCB market also and you have some good feedback. The back deck, painted and get rid of the mildew, especially in the pictures. Also, I would not personally advertise for 8 guests, no one vacationing wants to share a 1 shower for 8 people. ( is it really 1200 sq ft, it doesnt look like it? that is the size required to have 8 guests). I agree with Lisa, i would probably take out the bunk beds and change to a king bed in there also, if it will fit. People on vacation want to sleep in bigger beds. You could keep the sleeper sofa if you want though it still seems tight.

Decor is okay, but doesnt scream beach and doesnt do anything to make people remember it when searching for properties. You are also competing against places that have a pool, unless you have a complex one that you didnt post a picture of. I also agree with Lisa on the recessed lighting in kitchen. Current lighting just doesnt fit. You place needs to jump out at people as you dont have a beach view, amenities, pool, that many other places have and people have to cross a busy street to get to the beach (families with little kids dont like that). Places across the street are always 2nd choice to beachside properties. I have one and you can do well, but you are 2nd tier to the beachfront places.

And being new, you need reviews. It might hurt, but you should lean into the "new property" discount to get people in there. Also, Fall Break is mostly families going on vacation and your place leans more to a young family of 4 or two couples going to the beach. rough estimates on your place rental wise is around $24k/yr gross rent. 

and its out of season right now, everyone is hurting for bookings. I am seeing many 2 bedroom beachfront places $200+ less than your rates right now. Here are examples of your competition right now for fall break with similar pricing to you if not a little less 

https://www.airbnb.com/rooms/587623172568722024?check_in=202...

https://www.airbnb.com/rooms/1108789319491087774?check_in=20...

https://www.airbnb.com/rooms/1126459652561939061?check_in=20...

https://www.airbnb.com/rooms/928348452740243346?check_in=202...

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