Hi @faheem - no, I don’t find it to stressful - but I want to be wise regarding my kids - they are 16, 15, & 11 (going on 20) so I want to be sure I’m keeping things balanced (which I haven’t actually done very well, honestly) and not commit our family to far in advance.
And, I want to get a better handle on pricing, which I find very difficult. It’s not enough to compare to other listings, at least in this area, because there is such a huge variety in offerings and prices, and new hosts all the time are jumping into the game and underselling everyone. And hosts who bend the truth or out-and-out lie. At this point I’ve looked at what I made, on average, for my part-time job that I’m quitting, and the rental income we had from a student. Then I looked at how many days a year we would like to host - taking off a week during spring, summer & fall, then two weeks during the holidays, and 2 days a week. Then I backed into what we would need for rent, on average - our ‘sweet spot’. Yes, I am experimenting to with that price - though it’s not very high, it’s higher than what I’ve been getting and twice what airbnb thinks I should charge - to see if we can get that. So far, yes, but it is a waiting game and I’m not good at playing ‘chicken’ in this instance. But I have filled most of my spare days at that price (most of the calendar, sadly, booked up earlier this year when my price was much lower, out of ignorance) even though Beyond Pricing would have slashed my rate. I do try to tell myself that, when I see empty dates, and am tempted to lower the price, “experiment, experiment, experiment…”
It will be so interesting to see how this shakes out in the next 5 years - the whole airbnb thing - will all these hosts stay in the business? Will I stay in the business? Will regulations make it harder? Will the hosts in my area that don’t collect and pay taxes get caught? Will I finally give up having to explain to my guests why I have to collect the taxes, and just roll them into my price? Will I keep serving a hot breakfast every day? Etc Etc.