Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Short-Term & Vacation Rental Discussions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

18
Posts
20
Votes
Nicolas Morales
  • Investor
  • NV, SC
20
Votes |
18
Posts

The single pricing move that added $400/month to several of our Reno STRs.

Nicolas Morales
  • Investor
  • NV, SC
Posted

This isn't a tool recommendation. It's a mindset shift that most STR owners resist until they see the

data.

We stopped anchoring on nightly rate and started anchoring on RevPAR vs. the comp set. The

difference sounds small but it completely changes how you make pricing decisions.

When you anchor on nightly rate, you round down to fill nights. When you anchor on RevPAR relative

to your market, you learn when to hold price on a Tuesday and when a $20 drop buys you a booking

that would have gone dark.

In Reno specifically, we found that Thursday–Saturday commands a 40–60% premium over

Sunday–Wednesday in our zip codes, and most operators weren't capturing it because their dynamic

pricing tools had the weekend multiplier set too conservatively.

The fix: Pull your own booking data by day of week for the last 90 days. Find your highest-converting

days. Raise the floor on those days by $15–25. Watch what happens over 30 days. That's it.

Anyone else running market-specific pricing strategies by day of week?

Would love to compare notes.

  • Nicolas Morales
business profile image
DNDStays
5.0 stars
10 Reviews

Loading replies...