A recap of the exciting time had during the 30th Annual Spring Pricing Workshops and Conference event in Atlanta, GA May 7-10th at the LOEWS Hotel.
Announcing the recent graduates of the Certified Pricing Professional Designations. Learn more about them and this exclusive industry certification.
What value are you providing and what is your objective?The base rate of the rental will ultimately be determined by what value you’re delivering. It’s not just about having a newly renovated IKEA kitchen or an ocean-front view. Do you have a fenced in yard that would save someone the cost of boarding their dog? Are you close to the airport, which might save a prospective tenant an hour (and Uber fares) on each leg of their trip? Consider these elements when developing a base rate and don’t just price based on comparable rentals in the area. The minimum rental period is a great way to boost revenue without raising the price, but it will also be guided by your overall objective. If maximizing revenue is your objective, then keep the minimum stay length at one day; if you’re willing to sacrifice some occupancy for less turnover-related work, consider extending it to three to five days.
Read the Workshop details below and click the image to learn more! www.simon-kucher.com:Continue reading