Solid Revenue Management = Increased Homeowner Revenue. But how?
The Problem with Static Pricing:
It's no secret that when your vacation rental is more frequently booked, you as a homeowner will have more money in your pocket. That's why hiring a property management company, like AMG Vacation Rentals, that specializes in the complex statistics and algorithms that tie into dynamic pricing is CRUCIAL for increasing your revenue.
Dynamic pricing maximizes your occupancy levels, which in turn, maximizes your homeowner revenue. By switching from a static to a dynamic pricing model, your revenue will automatically increase by approximately 15% (at a minimum!). This is due to the fact that your rental will have peak times and slow times, and one price does NOT fit all seasons.
Still, simply turning to a a third party application used to determine the dynamic pricing of your rental won't cut it. It takes a professional property management company to see the bigger picture of the entire rental market and the core differentiating features your rental has to offer to increase your homeowner revenue.
Solution:
AMG Vacation Rentals utilizes a state-of-the-art system that receives extensive rental market data (like peak dates, competitor rates, and other market qualities) and optimizes your rental rates during slow seasons. Our smart pricing system combined with our property management expertise (the necessary human element) allow us to foresee rate changes that need to take place in order to maximize your homeowner revenue.
As your Revenue Manager, we at AMG use our extensive market knowledge, statistical analysis, and pricing technology to predict future trends and rates so that you can sit back, relax, and watch your revenue grow. Having a professional property management company and a dynamic pricing system that work in tandem with you and your financial goals is the ultimate key to your success.
Ready to maximize your occupancy during slow seasons, and in turn, your revenue? Contact our management team today to learn how AMG Vacation Rentals can put more money in your pocket!