Mark SimpsonHelping short-term rental hosts get the tools, tactics and training to grow direct bookings with confidence

Turning to the new way of improvement: Smart Techs

20 Dec 2022 · 0 min

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0:24

Short excerpt from a YouTube video by Mark Simpson discussing building a short-term rental business and adopting smart tools. The speaker emphasizes a smart pricing engine as crucial, says they use Price Labs, and estimates that incorporating such an engine from day one would have increased revenue on their first property by at least 10% and possibly up to 15% over the past 12 months.

Questions this video answers

Price Labs.

A minimum of 10%, possibly up to 15% additional revenue.

The last 12 months.

We wanted to create a business so that we have the leverage where we can still do it all. And then we started to plug in different tools to be able to help that process. One of them is a smart pricing engine, which we think is super crucial to any short term rental business. We probably would have cleared another, I'd say minimum of 10, possibly 15% revenue off of our first property in the last 12 months had we had the smart pricing engine incorporated from day one. We use Price Labs for that. I highly recommend.