AirBnB/VRBO "Intelligent" Pricing

[Andrew Wong]

EDIT: Not sure how to delete this but found the thread I wanted: https://www.biggerpockets.com/forums/530/topics/460056-anyone-using-automated-pricing-tools

[Erin Spradlin]

@Andrew Wong - I think it doesn't make sense to use the automated tool after you have 10+ reviews, but in the beginning- I've heard it can help on Airbnb. My brother just listed his second place and had the nightly rate cut by $5-10 (from smart pricing) and was showing up on the third page. Once he switched it to Smartpricing, he was ranked third and started getting bookings. That said, I would put a basement price in there so that you aren't getting cheap bookings on holidays. I'd also take it off after awhile because I think it can undercut your longterm profits. For the first 10 or so reviews though, it's worth keeping it on.