Hi Everyone that has the patience to read this, muttering under their breath…" why can’t she search through old posts? What a selfish %#$@&~ taking up our valuable time when we could be washing sheets or re-reading our glorious reviews?!"
This is actually only my second posting (I believe) though I have lurked here, gleaning valuable information from all of you!
We started Air in Fall of last year. We have a mid century home (always at least a small reno in progress). We slowly are building reviews, gained Superhost in January (not that that matters I’ve learned) and I’ve increasingly become more addicted to the allure of hosting, investing in the in-law private suite we rent (on a ghetto budget) and tweaking here and there on a consistent basis.
My question today is: I’m just starting to see the value in continually adjusting listing price, ignoring the smart pricing tips (generally) and setting my calendar to accommodate me as well as the guests. I’ve slowly learned the art of not tripping over myself to please the pleaseless and enjoying the guests that are enjoyable.
So, (ok I have two questions)…1) Though Air smart pricing usually is outrageously low (instead of fair or mid-range), it is suggesting pricing for July that I would never think of asking…
(Ie,) I have it listed for $88 on a weekend and it is suggesting $120 or $150.
We do live in a touristy area ( near Vancouver, BC, CANADA) BUT this suite is a modest, small (cozy) suite. It is not near as fancy as some of yours with the beach across the street, the heated ceramic flooring (I still have an oven from 1978 in there…yes, am looking into getting a new one or the Infinity pool on the roof. As I mentioned, I am working on a non-existent ghetto budget, replacing and renewing and painting and adding to the suite when I can.
Take a look if you can. I’m just not sure I can ethically move pricing from approx $50 per night (or is that too low? ). That’s an average after measuring myself against the competitors.
You all seem to be very adept in being able to search for specific things in the market (like competitors for example. Me, I just look at similiar listings that are presented at the bottom of the page and then act as if I’m a prospective traveller). If there is a better way of doing this, please advise!
So, I’ve bumped it up to almost double the “average” for July but who to believe? AirBnB and their algorithms or you fine folk?
Here is our space: https://www.airbnb.ca/rooms/17781730?location=New%20Westminster%2C%20BC&s=iYSsHx0c
(hopefully that link works?)
Also, is it a good idea to not allow checkins or outs on Saturday? It seems as if when guests checkout on a Saturday, that’s half the weekend lost, and common sense tells me that people will look elsewhere for their short stay getaways if that is all that is available? Does setting a 7 day minimum during Summer help this?
Thanks again! I know this has been covered in a myriad of ways, but I can’t find specific info to my situation.