14. You’re Leaving Money on the Table If You’re Not Using This Tool

Episode Summary:
Welcome back to The Airbnb Roadmap! In today’s episode, I’m breaking down one of the most powerful tools for short-term rental success: dynamic pricing. If you're serious about maximizing profits and occupancy, this strategy is a game-changer. I'll walk you through how dynamic pricing works, the top tools you can use, and share stories from my experience to help you get ahead. Plus, I’ll give you a quick update on our latest cabin project and how we're growing our portfolio through refinancing. Let’s dive in!

Key Takeaways:

1. Dynamic Pricing Explained – Adjust your rates in real-time based on demand, seasonality, events, and trends.
2. The Tools You Need – An overview of Price Labs, Beyond Pricing, and Wheelhouse, with pros and cons for each.
3. Optimize Occupancy – How dynamic pricing can boost your calendar bookings, even in slow seasons.
4. Pricing Strategy Tips – Learn when to lower prices for reviews and when to raise them to attract higher-paying guests.
5. Year One vs. Year Two Strategy – Set lower rates in your first year to build credibility, then increase rates strategically.
6. Why Avoid Airbnb's Pricing Tool – It favors guest bookings over maximizing your profits.

Why Listen to This Episode?
Dynamic pricing can make or break your short-term rental business. In this episode, I’ll teach you how to use this strategy to stay competitive, maximize profits, and secure repeat guests. If you're ready to increase your occupancy and revenue, this is a must-listen!

Mentioned in the Episode:

• Maximize your profits and get that money! Get your first month FREE and receive $10 off your first paid month when you click on the link below!
  • https://pricelabs.co/users/sign_up?referral=AG6OCO
• Connect with Me on Instagram: Follow me @airbnbroadmappodcast for behind-the-scenes content, tips, and updates.
• Mentorship Program: I help clients optimize their dynamic pricing setup with Price Labs.

Let’s Connect!
Thinking about using dynamic pricing for your short-term rental? DM me on Instagram at @theairbnbroadmap with your questions or share your progress! I’d love to cheer you on and help you out.

Work With Me
Are you a real estate agent or investor looking to optimize your short-term rental strategy? Let's team up! Message me on Instagram to learn more about my mentorship program and how we can grow your business together.

Chapters:
00:01 Life Update – New Cabin Progress and Refinancing Strategy
02:44 Introduction to Dynamic Pricing
03:30 How Dynamic Pricing Works: Factors That Influence Rates
05:55 Real-Life Example: Local Events and Occupancy Trends
09:46 Tools for Dynamic Pricing: Overview of Top Companies
14:19 Pros and Cons of Beyond Pricing
18:05 Why I Love Price Labs and Its Key Features
23:13 Wheelhouse Overview and Custom Pricing Options
26:16 Pricing Strategy: Avoid Overpricing and Maximize Bookings
33:03 Year One vs. Year Two Strategy for Setting Rates
35:08 Final Thoughts on Dynamic Pricing

Subscribe and Share
Enjoyed this episode? Subscribe to The Airbnb Roadmap and share it with anyone looking to grow their short-term rental business. Let’s maximize profits and build smarter businesses together!