All Forum Posts by: Gerald Pitts

 Any reason you've avoided them up to now?  I mean it would seem like 100 reasons ha, but to me, none of them are good enough for me to avoid them altogether.  Or at least for starting out.  I have as many headache vrbo guests as airbnb.  Thankfully, they're in the minority on both platforms.  But i would definitely give it a shot.  You can always take it back down after a few mos. 

 For sure.   I think if it's not really eating into your own / or your cleaner's bandwidth significantly, and is a value add to the guest and not super "upsell-y", I would be down to give it a go.

 I agree.  I've gone the other direction actually when trying to smooth things over with a guest and instacarted snacks, supplies, etc. This has gone a long way.  

Minoan, however is interesting I think. Providing QR codes in your house manual sending guests to an affiliate link for your mattress etc if they like it and want to buy their own.  I haven't tried it yet but it seems like less work for the extra revenue. 

As far as realtors, I imagine this is covered somewhere in that pile of paper I am signing in the title office at closing.  But for sure, the gurus on youtube / tiktok would do well to consistently display disclaimers somewhere.  For the most part, we're adults that are responsible for our choices.  :)

Dynamic Pricing is the only way to go.  What you're seeing is very typical for a lot of the old school property management folks who have been doing this a long time, did it without much (if any) software, and just haven't come around yet.  
I think I pay all of $9 per listing for Pricelabs.  And it gets me way more revenue than I would have gotten on my own.  Even if I took the time to figure it all out myself, manual pricing interferes with scalability in my opinion.  And there's a huge middleground between "Set it and Forget it", and all of the work it would take on one listing.  Much less 10+.  So even if it made the SAME amount of money as my manual pricing, it'd still be worth $9 to me to let them do it, while I focus on growing. 

Did you mean to say Beyond PRicing for analytics?  Mainly familar w/ it as a pricing tool.  Have they added that?  Either way, Pricelabs is a good choice.  For pricing, they are my favorite.  And the market dashboard is good for comparing properties.  

Check out Noble Crawford and Rachel Gainsborough. Lots of good content on MTR. 

Creative financing.  If it's been running that long with older owners, they may own it outright. 

 I've always felt the same way, but Mark makes a super compelling argument.  It's just nice to know I am working on fortifying my investment.  I'm kind of looking at it like insurance against the future.  The way the OTAs are growing, they can start calling even more of the shots than they are now.  The podcast goes into this.  I like the idea of leveraging the marketing of the OTAs for the 3%, etc. while slowly growing a client list of repeat guests / less drama.