Get Paid For Your Pad | Airbnb Hosting | Vacation Rentals | STR Revenue Management

Take your revenue management to the next level with PriceLabs

29 Sep 2023

Audio

Description

>>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes>>> Click here to download >>> Access the exciting features PriceLabs has to offer>>> Click here to start your 30-day free trialUse code: GPFYP and get $10 off your first month**In today's episode of "Get Paid for Your Pad," I had the opportunity to chat with Becca Madigan from PriceLabs, a dynamic pricing tool for short-term rental hosts. Becca shared some valuable insights and updates regarding PriceLabs, which I found both informative and practical for anyone involved in the short-term rental business.One of the key takeaways from our conversation was the importance of not over-customizing your pricing strategy. Becca emphasized that many hosts make the mistake of turning on various customizations without fully understanding the data behind them. Instead, she suggested that it's often best to leave pricing at default settings, making adjustments only when you have a deep understanding of your market and data.We also discussed the significance of comp sets, or competitive sets, in dynamic pricing. Becca explained that PriceLabs curates a comp set of 350 similar listings to help hosts understand their market better. This feature allows hosts to compare their pricing and occupancy to similar properties, providing valuable insights for pricing decisions.Becca introduced the new "Hyperlocal Pulse" algorithm, which is designed to enhance PriceLabs' pricing recommendations. The algorithm takes into account the unique characteristics of a property's immediate surroundings, ensuring that pricing is more accurate and reflective of local market conditions. Hosts can now migrate to this new algorithm to benefit from improved pricing strategies.Additionally, Becca highlighted the educational resources offered by PriceLabs, including webinars and training sessions, to help hosts understand and maximize the platform's capabilities. They have also introduced a revenue estimator tool that provides revenue estimates based on location and bedroom count.Becca encouraged users to reach out to PriceLabs support for assistance with algorithm migration and any questions related to their pricing strategy.In conclusion, my conversation with Becca Madigan shed light on the latest developments in PriceLabs and the importance of effective pricing strategies for short-term rental hosts. It's evident that PriceLabs is committed to helping hosts optimize their pricing and stay competitive in the market through data-driven solutions and educational resources. If you're a short-term rental host looking to enhance your pricing strategy, PriceLabs is definitely worth exploring. Hosted on Acast. See acast.com/privacy for more information.

Transcription

This episode hasn't been transcribed yet

Help us prioritize this episode for transcription by upvoting it.

0 upvotes

🗳️ Sign in to Upvote

Popular episodes get transcribed faster

Other recent transcribed episodes

Transcribed and ready to explore now

3ª PARTE | 17 DIC 2025 | EL PARTIDAZO DE COPE

01 Jan 1970

El Partidazo de COPE

13:00H | 21 DIC 2025 | Fin de Semana

01 Jan 1970

Fin de Semana

12:00H | 21 DIC 2025 | Fin de Semana

01 Jan 1970

Fin de Semana

10:00H | 21 DIC 2025 | Fin de Semana

01 Jan 1970

Fin de Semana

13:00H | 20 DIC 2025 | Fin de Semana

01 Jan 1970

Fin de Semana

12:00H | 20 DIC 2025 | Fin de Semana

01 Jan 1970

Fin de Semana

Comments

There are no comments yet.

Please log in to write the first comment.

Report any issue

Get Paid For Your Pad | Airbnb Hosting | Vacation Rentals | STR Revenue Management

Take your revenue management to the next level with PriceLabs

This episode hasn't been transcribed yet

Other recent transcribed episodes

3ª PARTE | 17 DIC 2025 | EL PARTIDAZO DE COPE

13:00H | 21 DIC 2025 | Fin de Semana

12:00H | 21 DIC 2025 | Fin de Semana

10:00H | 21 DIC 2025 | Fin de Semana

13:00H | 20 DIC 2025 | Fin de Semana

12:00H | 20 DIC 2025 | Fin de Semana

Sign in to Audioscrape

Share this moment