Love the video! So much great content. Quick question. I do not want to allow 1 night stays at my place but I want to utilize the Orphan Day feature for 2 night gaps. Is that what you explained in the Orphan section? Sorry. I'm kind of thick headed haha
Yes, a 2-night orphan settings means that you have a 3+ night minimum and want to allow a minimum night stay of 2 only when there are only 2 nights to book.
Changes do impact your rank, however, I'm unsure how much calendar changes affect it. My guess is not much. I would not make it a habit of doing that. I don't think it's worth it. Plus Pricelabs will auto-update once per day anyways.
Hi. Great video! If you lower base price to get more low season bookings, is there not the risk of underpricing for far out high season bookings? Is it not better to use the occupancy tool?
Great video Dan. Question….should my lowest price be at least half of my set base price? I live in a seasonal town so my highest rate would be around $175 in season and $89 in off season. I don’t want to go below $89. Base is set at $108…….my 7,30 and 60 day is 42,56,63 so I’m in the 40-60 range that you speak of. Just trying to understand how the gap should be between lowest price and base…you mentioned difference between the two should be at least double...
Great question! A lowest price half base is a great starting point. A listing I manage cloest to yours has a base price of $115 and lowest of $90. However, the hosts have decided on $90 regardless of occupancy. If it was my house, the lowest would be $75. Though keep in mind, we only get this $75 on last minute reservations or on odd days like a random Wedneday night open. The vast majority of bookings come in at the $125+ rate.
If I set up a set of discounts on pricelab or any other similar tool, and then I have other discounts straight on airbnb, are they both gonna be aplied?
@@OptimizeMyAirbnb thanks! I am new to price labs but lots of experience in Airbnb... The only setting I can find is requiring a 2 night stay but then guests are booking Thursday and Friday or Saturday and Sunday, not Fri and Saturday. I've also discussed with Airbnb and they could not tell me how.
@@darrenkresge1590 Yes, there is. But it's not something efficiently communicated via text. I'll point you to the PriceLabs support: support@pricelabs.co
You can ignore this @optimizemybnb but here is my theory: using both the 2 night setting and prohibiting Check out setting I could prohibit a Saturday check out and if Friday requires a 2 day booking they will need to book both Friday and Saturday together. However, they could book Saturday and Sunday unless I prohibit a Monday check out. So... In summation, if I require 2 night bookings on Friday and Saturday and prohibit checkouts on Saturday and Monday I could potentially require guests book Friday and Saturday together!? Ok, that is a potential strategy... Does that make sense?
If you found this useful check out my book! -> optimizeyourbnb.com/
Amazing!
great 😊😊 .. thank you
You're welcome 😊
great video! thanks!
Happy to help
Great tutorial. Very helpful. Thanks ☺
Thanks Danny
very helpful
How often to you make changes to your pricing? Do I need to leave it go for a certain amount of time to let the platform learn my property?
This is not a set-it-and-forget-it software, you should monitor your prices at least monthly
Would you recommend PriceLabs over Wheelhouse?
Yes.
Love the video! So much great content.
Quick question. I do not want to allow 1 night stays at my place but I want to utilize the Orphan Day feature for 2 night gaps. Is that what you explained in the Orphan section? Sorry. I'm kind of thick headed haha
Yes, a 2-night orphan settings means that you have a 3+ night minimum and want to allow a minimum night stay of 2 only when there are only 2 nights to book.
TY - Adjsuting prices lower sure does help. What's your take on updating the Calendar every morning? Does that impact SEO aswell as price changes?
Changes do impact your rank, however, I'm unsure how much calendar changes affect it. My guess is not much. I would not make it a habit of doing that. I don't think it's worth it. Plus Pricelabs will auto-update once per day anyways.
Hi. Great video! If you lower base price to get more low season bookings, is there not the risk of underpricing for far out high season bookings? Is it not better to use the occupancy tool?
Alternatively you can create a last-minute discount to keep further days priced well instead of lowering base price.
What is your ideal range for 7 day and 90 day occupancy?
it depends on your BLT, if it's 90 days, then 50%. At 7 days pretty much always as close to 100% no matter what
Great video Dan.
Question….should my lowest price be at least half of my set base price? I live in a seasonal town so my highest rate would be around $175 in season and $89 in off season.
I don’t want to go below $89.
Base is set at $108…….my 7,30 and 60 day is 42,56,63 so I’m in the 40-60 range that you speak of.
Just trying to understand how the gap should be between lowest price and base…you mentioned difference between the two should be at least double...
Great question! A lowest price half base is a great starting point. A listing I manage cloest to yours has a base price of $115 and lowest of $90. However, the hosts have decided on $90 regardless of occupancy. If it was my house, the lowest would be $75. Though keep in mind, we only get this $75 on last minute reservations or on odd days like a random Wedneday night open. The vast majority of bookings come in at the $125+ rate.
If I set up a set of discounts on pricelab or any other similar tool, and then I have other discounts straight on airbnb, are they both gonna be aplied?
It depends, but yes. A weekly discount would show up on Airbnb, but any specific discounts would be overriden daily.
Is there a way to make sure Friday and Saturday get booked together? thanks
There is a setting both on Airbnb and Pricelabs, try to get familiar with both they're easy to find.
@@OptimizeMyAirbnb thanks! I am new to price labs but lots of experience in Airbnb... The only setting I can find is requiring a 2 night stay but then guests are booking Thursday and Friday or Saturday and Sunday, not Fri and Saturday. I've also discussed with Airbnb and they could not tell me how.
@@darrenkresge1590 Yes, there is. But it's not something efficiently communicated via text. I'll point you to the PriceLabs support: support@pricelabs.co
@@OptimizeMyAirbnb thanks Danny I will follow up with them
You can ignore this @optimizemybnb but here is my theory: using both the 2 night setting and prohibiting Check out setting I could prohibit a Saturday check out and if Friday requires a 2 day booking they will need to book both Friday and Saturday together. However, they could book Saturday and Sunday unless I prohibit a Monday check out. So... In summation, if I require 2 night bookings on Friday and Saturday and prohibit checkouts on Saturday and Monday I could potentially require guests book Friday and Saturday together!? Ok, that is a potential strategy... Does that make sense?