In this episode, Kegan & John analyze performance metrics, discusses market seasonality, and manages (live!) listings for an actual Charleston portfolio.
They observe differences between weekdays and weekends, notes occupancy trends, and makes pricing adjustments to maximize bookings. Additionally, they delve into the performance of studio and one-bed rentals, including the slow uptake for a studio and pricing adjustments for larger homes.
Key Learnings:
- Performance Metrics Analysis: Analyzing occupancy trends and booking metrics to optimize property performance.
- Market Seasonality Discussion: The impact of market seasonality on rental property demand and pricing strategies.
- Optimization of Listings: Adjusting property listings based on observed demand trends and seasonal variations.
- Pricing Adjustments for Bookings: Making pricing adjustments to boost property occupancy.
- Property Performance Evaluation: The importance of evaluating property performance to make informed decisions on pricing and adjustments.
