Your competitors are giving you free market information.

Your competitors are giving you free market information.

Virtual Assistant 路 Member since 2026 路 76 posts 路 16 votes

If I were evaluating a property or trying to improve an existing listing, I'd want to understand what similar properties in the market are doing.

What are they charging?

How are they positioning themselves?

What amenities do they highlight?

What do their guest reviews reveal?

Which guest segments appear to be booking them?

And perhaps most importantly:

Where are the gaps?

Competitive research isn't about copying another property's title, photos, pricing, or strategy.

It's about understanding what the market already offers.

Once you understand the competition, you can start asking better questions:

What is already working?

What are guests repeatedly looking for?

What complaints keep appearing?

What needs are competitors not meeting well?

Where can this property be positioned differently?

The goal isn't to become another version of the competition.

The goal is to understand the market well enough to identify an opportunity.

Competition reveals the opportunity.

馃挰 When was the last time you analyzed your top competitors?

#ShortTermRental #STRManagement #CompetitiveAnalysis #MarketResearch #PropertyInvestment #RevenueManagement #AirbnbHost #VacationRental

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Property Manager 路 Melbourne, FL 路 Member since 2019 路 561 posts 路 194 votes
4d

With the studios and one-bedrooms I manage, I pay close attention to the little usability complaints in reviews. Where does luggage go? Can two people actually eat at the table? Are there outlets beside the bed? Those details give you something concrete to improve in the setup, then show clearly in the photos. I鈥檇 rather work from a recurring guest frustration than assume another amenity is the answer.

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  • Property Manager 路 Melbourne, FL 路 Member since 2019 路 561 posts 路 194 votes
    4d

    With the studios and one-bedrooms I manage, I pay close attention to the little usability complaints in reviews. Where does luggage go? Can two people actually eat at the table? Are there outlets beside the bed? Those details give you something concrete to improve in the setup, then show clearly in the photos. I鈥檇 rather work from a recurring guest frustration than assume another amenity is the answer.

  • Michael K GallagherBusiness Member
    Real Estate Agent 路 Columbus OH 路 Member since 2018 路 1k+ posts 路 1k+ votes
    4d

    the concept around letting the usability complaints drive what you invest in solving is really interesting because you are totally right, its the details that make the difference.

  • Andrew SteffensBusiness Member
    Tampa, FL 路 Member since 2022 路 4k+ posts 路 3k+ votes
    3d

    I feel like this is AI again...

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