Let’s just say this, if you want to 10x your pricing strategy and gross income per listing, a dynamic pricing tool like this one will be a good option to look at.

Not only with the dynamic pricing tool move and adjust prices according internal algorithms, an owner can actually adjust minimum stay or seasonal pricing with profiles that apply during certain conditions. Pricelabs will greatly enhance your revenue potential of a property as it will allow you to apply pricing strategies based on seasons, events, weekends, weekdays, etc. With two listings, how does one keep them updated? Typically an owner will have a listing on Airbnb and Vrbo. It is simply a single interface with which to manage listings. This app is an online platform and represents what’s called a “channel manager” in the str realm.

With your newfound property purchased, how do you manage it? Alright, so this list could be quite extensive however we will explore two main apps but provide an honorable mention list as well. MANAGE : The Best APP to MANAGE your first/next STR Note, this will require a membership to Biggerpockets, around $40/mo, but that too is more then worth it in more ways then one, in my opinion. You can always make your own Google Sheets or Excel Spreadsheet but Biggerpockets calculators are typically a good fallback or getting started method to simplify things. Now plug that information into the “Rental Property” calculator and be sure and factor in the occupancy!Įnter the expenses you estimate and voila, look at the return to see if it’s worth it.

Use the “Rentalizer” feature in AIRDNA as mentioned above to give you a estimate Gross Income and occupancy on your property. Two calculators on the site are most useful for short term rentals on Biggerpockets and they are the “Rental Property” and “BRRRR” calculators found under the “Tools” Tab at the top.Įnter the required purchase price, loan info, etc on the first page of calculator.

Airdna rentalizer