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Updated 5 months ago on . Most recent reply

User Stats

39
Posts
11
Votes
Kyle Jacques
11
Votes |
39
Posts

Looking for guidance on STR

Kyle Jacques
Posted

We have had our STR for almost a year now . We have some bookings but there a definitely massive gaps in calendar . We are right near a ski mountain and mountain biking trails . I recently created an IG page for property but not sure how to leverage that to attract more guests . I would like to at least break even since we are getting some really nice appreciation and my family likes to go there for vacations. Where can i go or who can i talk to help me better manage STR so we can ultimately get another one .

Most Popular Reply

User Stats

166
Posts
161
Votes
Heidi Kenefick
  • Rental Property Investor
  • Hartford, CT
161
Votes |
166
Posts
Heidi Kenefick
  • Rental Property Investor
  • Hartford, CT
Replied

@Kyle Jacques

Well you have great photos! But- you only have one review that’s problem #1, and you are $590/night. That’s insanely expensive, and I put in for this weekend. Dynamic prices drop the price last minute so if you are looking further out it will be even more. Third- you are using Evolve so you have lost control.

You should lower your price to under $200/night. At least until you have more reviews. And maybe fire evolve and use a local PM or self manage.

Your property is beautiful, but you have priced yourself out of the market and your only amenity is a pool table. Without a hot tub, or a swimming pool, or a back yard patio you aren’t offering anything but a place to sleep. So your price needs to reflect that. Drop your prices and your calendar will fill.

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