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Updated over 2 years ago on . Most recent reply

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Bruce Woodruff
#1 Contractors Contributor
  • Contractor/Investor/Consultant
  • West Valley Phoenix
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Could use a little advice....

Bruce Woodruff
#1 Contractors 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

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Will Fraser
  • Real Estate Broker
  • Salt Lake City & Oklahoma City
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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.

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