2023 STR Spring/Summer Pricing

This podcast episode focuses on short-term rental pricing strategies for 2023. The hosts and guests, experienced short-term rental property managers, discuss optimal pricing for January/February, calendar management strategies (6-month vs. 12-month openings), and approaches to pricing for major holidays. They share diverse approaches, including manual price adjustments based on historical data and using Price Labs software, highlighting the importance of balancing high prices with occupancy rates. A key takeaway is that even during slow seasons, focusing on competitive pricing and maintaining a high-quality property can lead to significant bookings and revenue. The discussion concludes with advice for new investors, emphasizing consistent effort, continuous learning, and the importance of viewing property management as a business.