4 September 2024 | 13 replies
Dynamic pricing tools are not set it and forget it.
14 October 2024 | 2 replies
I don't believe your other options (other form companies) are worth it given the dynamics.
30 September 2024 | 17 replies
Engaging with local real estate investment groups or forums can give you a sense of the local market dynamics and provide first-hand experiences from others who are active in the area.Economic Indicators.
14 May 2024 | 11 replies
We did purchase PriceLabs and I would recommend that for their dynamic pricing.
18 July 2024 | 24 replies
Other ways (off the top of my head):- Dedicated Revenue Manager on top of dynamic pricing software- 24/7 guest support- Vendor discounts (i.e. roof replacements, AC repairs, etc)As a new PM I think it is important to highlight where you add value instead of battling on price.
23 September 2024 | 4 replies
This means a visual inspection of the exterior every 2 years.
30 September 2024 | 16 replies
@Michael Baum also hit one of the most important things - dynamic photography that changes with the seasons and mixes itself up so it's not a stagnant listing.There is no hack to be the best at something (just look at all of the number one bestsellers on Amazon who sell 100 books total), just work on the product, the amenities, the dynamic pricing, and be resilient and responsive to feedback from the first guest on.
25 September 2024 | 22 replies
It is called in-vensting for a reason.Here is a visual of growing your portfolio wide before you grow it deep:
27 September 2024 | 9 replies
Instead, a hybrid approach could be more cost-effective and aligned with your goals.Why Full-Service Property Management Might Not Be Necessary:Based on my experience, Evolve is a popular "half-service" property manager, which means they handle tasks like creating professional listings, managing dynamic pricing, guest communication, and advertising on platforms like Airbnb, Vrbo, and Booking.com.
21 August 2024 | 23 replies
Understanding the local market, neighborhoods, and community dynamics can provide you with a valuable edge in making informed investment decisions.