So things have been dead here - my last guest left this morning and I have NO bookings or inquiries. I think summer is the slow season in Houston (it’s my first year so I’m figuring out the traffic).
Just to see what would happen, I turned on Smart Pricing. The recommended price for my new listing with no reviews was $12 a night. Yes, you read that correctly. The recommended price for my existing listing with all 5-star reviews and superhost status was slightly better at $23 a night.
My usual rate is $46 during the week and $51 on the weekends. I set the minimum price to $41 and the max to $75 on both listings to see what would happen. Immediately all my available dates changed to $41 and I got a suggestion that they should be $17.
I think that Smart Pricing is not for me and went ahead and turned it off. Maybe I should just go on vacation myself. It’s hot here.