Very good video. However, I am a little confuse. On some video on the channel I see that when the occupancy is below 40% we increase the price and when is above 60% we lower the price. But on this video is differente. Please can you help me to understand the process. Thank you on advance
Why would a minimum price take into consideration sunk costs? If the alternative is vacancy then who cares what my mortgage/30 is? It’s being paid. Factor in the coffee I buy, the difference in utilities occupied vs unoccupied, wear and tear but not sunk costs.
Personally, I’ve always felt 80% is the sweet spot for occupancy. Curious why you think 40 to 60% is a better deal. I feel like that would just be suggesting that it’s to high of a price. Thoughts? Great video by the way and I really appreciate the information!
Personally, I’m willing to sacrifice occupancy as long as I can charge a premium and end up with roughly the same revenue per month/year. For example, I’d rather be booked 182 nights (50% occupancy) and have revenue of $36,000 than be booked 292 nights (80% occupancy) and make the same revenue. Less occupancy for the same revenue means less wear and tear on the property, less washing of bedding, less cleanings, etc.
Can you explain why you want the 15 Day (for example) should be around 50% and why you prefer that, than having it it at a higher % like the host in the video had it at 87% ?
Why you call it the best for airbnb??? It is my first try on dynamic pricing tools.Should i use it as a rookie?? thank you and keep up with this good work!
Do you recommend going with the suggested base price that PL suggests? I have a studio set at $95 base (about 80% occupancy) and PL suggests $116 base. I’ve looked at comparables and seems a little high..
Why does this guy's content only have 3 comments? I've watched cat videos with more likes, and they're worthless! Give this man some love, this is great👍🏽
Hi Andrew! Noob question here. 80% occupancy is the porcentaje of the month in which your property is rented ? Like..24 days Out of 30? If so..what percentage is ok for an airbnb host? Thanks a lot
![PriceLabs High-Five: 5-Day Masterclass for Hosts [Day 1]](/img/1.gif)
Let me know your questions about this tool!
Very good video. However, I am a little confuse. On some video on the channel I see that when the occupancy is below 40% we increase the price and when is above 60% we lower the price. But on this video is differente. Please can you help me to understand the process. Thank you on advance
Why would a minimum price take into consideration sunk costs?
If the alternative is vacancy then who cares what my mortgage/30 is? It’s being paid. Factor in the coffee I buy, the difference in utilities occupied vs unoccupied, wear and tear but not sunk costs.
Personally, I’ve always felt 80% is the sweet spot for occupancy. Curious why you think 40 to 60% is a better deal. I feel like that would just be suggesting that it’s to high of a price. Thoughts? Great video by the way and I really appreciate the information!
Depends on your market and goals, there's no magic number when it comes to occupancy. Thanks for the comment!
Personally, I’m willing to sacrifice occupancy as long as I can charge a premium and end up with roughly the same revenue per month/year. For example, I’d rather be booked 182 nights (50% occupancy) and have revenue of $36,000 than be booked 292 nights (80% occupancy) and make the same revenue.
Less occupancy for the same revenue means less wear and tear on the property, less washing of bedding, less cleanings, etc.
Very useful stuff!. Thanks!!
Are you planning come out with any new video with PriceLabs new Hyper Local Pulse release? Pretty cool new features
Still haven't looked that deep into that, but will do as soon as possible 💪
Is the recommend price fit for minimum days stay rule or they apply to 1 day stay
i don't understand?
Can you explain why you want the 15 Day (for example) should be around 50% and why you prefer that, than having it it at a higher % like the host in the video had it at 87% ?
This is not an explanation for text, but I have explain in vaiours time, pls search 'booking lead time' on my channel
Why you call it the best for airbnb???
It is my first try on dynamic pricing tools.Should i use it as a rookie??
thank you and keep up with this good work!
Yes. You should use it from the start. And you have a whole bunch of tailored videos to help in the learing process.
what's your take on other alternative such as Airbtics?
Haven't had the chance to check it them out
Cool tool
Do you recommend going with the suggested base price that PL suggests? I have a studio set at $95 base (about 80% occupancy) and PL suggests $116 base. I’ve looked at comparables and seems a little high..
Yes, go with it. You'll have to adjust regardless based on occupancy.
Why does this guy's content only have 3 comments? I've watched cat videos with more likes, and they're worthless!
Give this man some love, this is great👍🏽
Hi Andrew! Noob question here. 80% occupancy is the porcentaje of the month in which your property is rented ? Like..24 days Out of 30?
If so..what percentage is ok for an airbnb host? Thanks a lot
Hey! Thanks for this! My Airbnb is new, can you look at my pricelabs?
Yes
How much does it cost?
$15 per month
lol so at first usage - this tool is ridiculously complicated!!!!
Ya. I'm gonna make a video on how to get set up. This is the companies biggest ongoing hurdle: user experience
ye if the software needs 10 tutorials to explain how to use it, it needs an overhaul lol
@@OptimizeMyAirbnb