Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
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

Updated over 2 years ago on . Most recent reply

User Stats

11,794
Posts
13,770
Votes
Bruce Woodruff
#2 All Forums Contributor
  • Contractor/Investor/Consultant
  • West Valley Phoenix
13,770
Votes |
11,794
Posts

Could use a little advice....

Bruce Woodruff
#2 All Forums Contributor
  • Contractor/Investor/Consultant
  • West Valley Phoenix
Posted

Hey all - Thought I'd throw this out there.....One of our places is fully booked - but on weekends only. It has been booked every single weekend of the entire year. And that is great! However, we really need to get this booked up more in order for it to become more financially attractive. I'd like to have more weekly bookings.

The way it is making money now, we could get more by just doing a typical LTR, but I'd rather not do that.

It does cash flow (because we paid cash for it), but not like I want it to.

Does the listing look ok to you guys? Any ideas? This is close to a super popular area of a popular vacation city that is packed with visitors every week and weekend. We are also within walking distance to the local hospital, so I had thought of nurses or doctors...?

Any input greatly appreciated!

https://www.airbnb.com/rooms/4...

Most Popular Reply

User Stats

3,019
Posts
2,320
Votes
Will Fraser
  • Real Estate Broker
  • Salt Lake City & Oklahoma City
2,320
Votes |
3,019
Posts
Will Fraser
  • Real Estate Broker
  • Salt Lake City & Oklahoma City
Replied

Hey @Bruce Woodruff, in general it looks solid.  I would play around with changing your minimum night stays to at least 4, using surge pricing on the weekends, or using something like PriceLabs "mid-term stay dynamic minimums" to massage the booking tendencies here.

Loading replies...