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Erik Applegate
  • Rental Property Investor
  • Austin, TX
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Management by Room / Apartment Complex

Erik Applegate
  • Rental Property Investor
  • Austin, TX
Posted

Hey all, interesting opportunity came up for me as a co-host. I typically host single family homes, but have been asked to potentially host an apartment complex of 22 units. How would you handle the pricing for these? With my other listings, I use pricelabs, and on their site it says to contact them for more unique pricing. How would you handle entry for these? Usually I use smartlocks, but for this type of volume, I'm thinking more typical locks that have a set of codes. 

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Andrew Steffens
#2 Short-Term & Vacation Rental Discussions Contributor
  • Tampa, FL
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Andrew Steffens
#2 Short-Term & Vacation Rental Discussions Contributor
  • Tampa, FL
Replied
Quote from @Erik Applegate:

 Thank you! When you say a live revenue manager, what do you mean by that? Someone that tweaks the pricing and reviews? I have Pricelabs for my other properties, this next move is for a 4-unit that may evolve into a 20+ unit. The 4-unit is 1/1s, fairly similar footprints. 


 Nice! Our software has an option to have someone who looks at our pricing daily and tweak yes.  IMO it is necessary in competitive markets.  Whether you do it yourself or have a pro do it, not doing it leaves money on the table.

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