All Forum Posts by: Andrew Steffens

 My pleasure! I use AirDNA when starting a new property (If I do not have sufficient submarket experience, some neighborhoods here I know like the back of my hand) to figure out the ADR.  I then adjust it if the house is superior or inferior to the majority of houses in the given market.  I then further adjust up or down depending on time of year.  Currently I am tending to go lower on prices due to the economy etc.  I would rather leave 10% on the table than get 100% of $0.

Following.

I am curious how it ends up.  We have 70 units and very few multi family with similar units to A/B test.  We have 1BR that rent for an average of 8 nights and 5 bedrooms that rent for an average of 3 so it would be some complicated math to figure out how to make that work on a larger scale operation

Hi Lisa!

We have been using Beyond Pricing for years, but are currently switching to RevMax.  We are making the switch because Beyond refuses to give us a flat rate per listing as they want 1% of all revenue, which now at 70 units has gotten very expensive.  However, their product is somewhere between good and great.  It is not set it and forget it, but it does a solid job of semi automating prices.  We still have to go through them weekly but it highlights the properties in need of attention versus those that do not.  Im sorry I do not have experience with PriceLabs.

@Tyler Solomon can you help?

If not, and if you are looking in FL, I have some lenders that can help.  Good luck!

Congrats! I hope you were still getting some bookings over slow season and the holidays.  Are you self managing? We are about 50% booked for mid feb to end of Apr already at peak prices.  We will achieve 90% I am certain as we get closer.  You should be seeing similar numbers, if not I would check your prices.  People who are sold out already were too cheap and those with no bookings are too expensive.

I think Asheville is a pretty established market.  I would "try out" 3 companies - it is likely the first one or two you hire will not work out in the end.  We found ours through Google searches (smart operators will have online content you can find).  Also sites like handy/thumbtack as well as turnoverbnb.  Good luck!

I agree with most people here.  We provide a Roku smart TV or stick with guest login and all of the apps set up so people can use their own logins.

Hey Justin - We have been doing this for 7 years and 70 rentals and use those exact resources.  I do not think you need anything else.  There are a few others out there comparable to AirDNA but I have always preferred AirDNA.

Once we calculate the projected revenue we do use BeyondPricing to effectively manage the pricing of the unit.

I would call Airbnb - I was not aware they withhold taxes? They do (in some markets) withhold the guest taxes and remit on your behalf.  Im not sure they have the authority to hold your income

You would want to cast as wide of a net as possible.  I would post it on every site possible to maximize the lead and in turn increase occupancy