March 1, 2024
Pricing Tips to Get the Most out of Your Short-Term Rental
It will take some time to get good at pricing your Airbnb—and your price will vary widely depending on the month and season. When you first start out, search for similar Airbnbs in your area (look for location, number of bedrooms and baths, etc.) and see what their numbers are. You may have to price your place on the lower side until you build up a few good reviews. Usually guests want to see some positive reviews before they book. Airbnb has its own “price tips” it will offer you based on the type and location of your listing, the season, demand, and even events happening in your area. However, there’s a general feeling among hosts that Airbnb tends to lowball prices. I always shoot for a higher price and usually get it. You’ll feel it out; it’s an intuitive process, and you learn by experience.
