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Updated 29 minutes ago,
Seeking Advice to Improve STR Performance in East Downtown Houston
Hello Everyone,
I own a short-term rental (STR) in East Downtown Houston and currently live in Austin, TX. I started operating the property in mid-2023. Initially, the business was cash-flow positive for the first three months, but things have declined since then.
I received several negative reviews due to cleaning issues, and it took me over a year—cycling through multiple cleaners and settling for an average one—before finally hiring a great cleaner. Additionally, the growing number of Airbnb listings in the area has increased competition. I know hot tubs are a big deal in TX but I simply do not have the space for a hot tub (1400 sq ft house on 1700 sq ft lot). I tried selling the property last year but it was sitting on the market for months just like the other units in the neighborhood.
Recently, things have improved. I'm attracting more guests, and my reviews have gotten better. In fact, I just became a Superhost last week! However, despite this progress, the property remains cash-flow negative. My current occupancy rate is around 40%.
Property Details:
- 1,400 sq. ft. single-family home (3 bed, 2.5 bath)
- Weekend bookings are more frequent, with limited weekday stays
- Weekend rates: $150–$250/night
- Weekday rates: $80–$100/night
- Airbnb Listing: https://www.airbnb.com/h/vip-houston
What I've Done So Far:
- Created a brand-new Airbnb and booking.com listings to eliminate bad reviews from Airbnb and Booking.com
- Hired a reliable cleaner ($150 per cleaning)
- Manually update pricing often on Airbnb (tried Pricelabs once and gave up when nothing improved within the month)
- Change my cover photo at least once a week or so
- Listed the property on Airbnb, Vrbo, Booking.com, furnished finder, Zillow, and Facebook marketplace
- Scheduled handyman visits every six weeks for minor repairs and paint touch-ups
I'd appreciate any feedback on the steps I've taken and suggestions on improving my listing and overall performance. Thank you!