smart pricing for vacation rentals

[Brigitte Keene]

Hello Everyone,

My husband and I just bought a vacation rental property and we are going to list is on the major sites (airbnb, VRBO, booking, homeaway, etc). From your experience, can you tell me which website you get the most rentals from or if there are any additional websites that you would recommend?

Also, I heard about 3rd party pricing tools like Airdna, Wheelhouse, and Beyond pricing. Has anyone used these and are they worth the 1%? Which one would you recommend to start with?

Thanks!

[Karen Chenaille]

I use Wheelhouse and Beyond pricing and Air DNA. All are great. I have 9 listings in three markets. I don’t have time to change prices several times a day. That takes a lot of research and doesn’t fit the passive income model. Totally worth the 1% not to mention the stats they provide on local trends and the competition. Air DNA is not a pricing tool. It’s a market evaluation tool that only has Air Bnb data in it so it’s a little skewed. 

Bottom line: use automated pricing tools to maintain your listings. Use Aur DNA to evaluate before you buy. 

Good luck