All Forum Posts by: Rafael Ramon
Rafael Ramon has started 3 posts and replied 26 times.
Post: What have you tried to increase your STR bookings? Anyone Try a design refresh?
- Investor
- San Diego, CA
- Posts 27
- Votes 28
Quote from @Shawn McCormick:
@Rafael Ramon Great questions. I'm in Orlando and the market here is ultra competative and we have 10's of thousands of units so owners have to be creative. In my experience, I believe it will depend on your market and what is driving people to book. Are they coming with small groups/families, is it vacation driven, adventure, scenic, weather, mountains, skiing etc.
I think using the enemy method would be a good place to start to see what others are doing, or not doing and capitalize on that information. At the end of the day, you still have to make money, so you can only offer so much, but often its about the little touches that make you feel you are dealing with a person who cares about the quality of your stay rather than a bunch of shiny objects that they really don't want and you are probably charging a higher rate for.
One of the things I'm seeing a little growth with is (and I'm not on either of these) is doing an Instagram or tiktok wall or space with the name of your place and get the guests to post something tagging your place and incentivize it for them, something fairly trivial like a $10 discount or a pizzz delivered to them.
Hope this helps, best of luck!
I think the idea of a photo wall is the next wave (if its not already here) of amenities that people will be offering and promoting. It's wild how much of our world/life is driven by something social media related these days.
Post: What have you tried to increase your STR bookings? Anyone Try a design refresh?
- Investor
- San Diego, CA
- Posts 27
- Votes 28
Quote from @Andrew Steffens:
I think it depends on your market and your listing. Some places are in a huge need of refresh in today's competitive landscape. Some not so much, some need to refresh their pricing from 2021. It really is market and listing dependent but it is good to be thinking of any and all ways!
Totally. I was just hoping to stimulate some conversation and see if anyone had any ideas on how to make our properties even better.
Post: What have you tried to increase your STR bookings? Anyone Try a design refresh?
- Investor
- San Diego, CA
- Posts 27
- Votes 28
Quote from @Sarah Kensinger:
So many hosts are investing in several thousand for a design refresh and seeing good results! Also, dial in on a pricing software by taking the time to study the data and what events are happening in your area, so you can set competitive pricing. This is huge and something more hosts should do! It's not a set a forget item, so make sure to take time once or twice a week to work on the pricing of a STR. Lastly, if your curious about marketing to people, especially past guests, looking into a marketing software may be a good option for you. There's Market My STR and Go STR Marketing. Their names are very similar, but two different companies and ways of marketing to past guests.
This is a very good idea. We are looking at a design refresh, but I like the idea of playing with pricing a bit more. What do you use for data on pricing and what needs to be changed?
Post: What have you tried to increase your STR bookings? Anyone Try a design refresh?
- Investor
- San Diego, CA
- Posts 27
- Votes 28
Hey fellow investors!
I hope this post finds you well. I've been in the exciting world of short-term rentals for 4 years now and have been actively exploring strategies to increase bookings for my properties. I know many of you have a wealth of experience, and I'd love to tap into that collective knowledge.
Here are a few questions to kick off the discussion given the current state of short term rentals:
- 1. What specific strategies have you implemented to boost bookings for your short-term rentals as of late?
- 2. Have you tried a design refresh or any other strategies, and has it faired well?
- 3. How do you optimize your pricing to attract more guests without compromising profitability?
- 4. Do you have any favorite tools or platforms that have been particularly helpful in your booking optimization efforts?
- 5. Have you successfully utilized social media or other marketing channels to increase your property's visibility?
Feel free to share your success stories, lessons learned, and any challenges you've overcome. I believe our experiences can benefit the entire community of investors, especially those who are just starting or looking to enhance their booking strategies.
Let's make this a collaborative space where we can support and inspire each other on our short-term rental journeys!
Looking forward to hearing your insights and tips.
Cheers,
Post: Who has used a good Cost Segregation Company?
- Investor
- San Diego, CA
- Posts 27
- Votes 28
@Nicholas Coulter thanks my man! Ill reach out and get in touch with them!
Post: Who has used a good Cost Segregation Company?
- Investor
- San Diego, CA
- Posts 27
- Votes 28
Hey everyone. Who here has used a good Cost Segregation Company for single family homes and Duplexes? If you have, how much does it cost to get one done for a property of that size?
Thanks in advance and hopefully we all can share some resources.
Post: Moving to San Diego soon, looking to connect!
- Investor
- San Diego, CA
- Posts 27
- Votes 28
Whats up Michael. Welcome to SD. My wife live down in the city. Hit me up if you ever want to connect. Its always good to get plugged into a network of local REIers
Post: I'm Starting a STR Mastermind - Want to Join?
- Investor
- San Diego, CA
- Posts 27
- Votes 28
We own 3 and are in the process of rehabbing our 4th. I would love to be a part of this mastermind :)
Post: Seeking consult with a luxury vacation rental operator
- Investor
- San Diego, CA
- Posts 27
- Votes 28
Hi Ed,
My Fiancé and I own few STR's where our daily rate is in the mid $500's and has jumped to $1500/night during three busy weekends in April each year. She is the one who manages our properties and she has developed a pretty sweet system to automate as much as possible. She doesn't have a BP account but I can give you her instagram and you can feel free to message her if you would like. Just to give you reference, one of our properties brought in roughly $25,000 in April alone this year.
Post: San Diego: Best Entry Strategy
- Investor
- San Diego, CA
- Posts 27
- Votes 28
@Connor Nellans Thats sounds great man. Let's make sure we connect at some point in time.