PriceLabs Reviews

Pricelabs makes pricing your Short Term Rental (STR) easy by allowing you to set a baseline price and dynamically adjusting pricing based on demand. Pricelabs can even help you find your baseline price based on market data and what your neighbors are getting for their rentals; all you do is click pricelabs "Help me choose a base price" button, so it couldn't be simpler.

You can also get a market report in pricelabs market dashboard to see what add-ons and amenities your neighbors have. If you really want to get into the weeds after your first week of pricelabs you can narrow your market neighbors down by Beds and radius to get a tighter analysis.

Nothing really, some integration fell off with my PMS so VrBO would not sync so pricelabs has an option to make a new listing cloned / child of your main listing to send to other platforms. The help documentation made this pretty simple and it only costs an additional nominal (tiny) fee ($1 as of today) which allowed me to keep all my pricing rules and still sync with VrBO. I could of course change my pricing strategy to be more aggressive or pad my rates on a different Online Travel Agency (OTA) platform.

Pricelabs helps you get the most out of your listing by adjusting pricing up or down based on market demand like airlines do with their ticket pricing. You still have to help drive the software, but it isn't that hard to steer the pricing with the results you see. For example, if you are not getting tons of bookings, you know you need to adjust your rates down. Pricelabs does not know how nice (or bad) your property is, so you have to read the feedback you get (bookings).

Dynamic pricing and market demand predictions

The general information it gathers from systems. Would like itto be note precise

Taking the guessing out of pricing. Gives me more time to focus on other aspects of my business

Pricelabs lets me see the high demand days as well and how the market is doing. So I see the % of rentals in my market booked in the next 7, 30, and 60 days. And compares me to those rentals in my market.

I can set up a base rate and a min price per night. It helps me make available and price orphan days. Prices are updated daily and it integrates with houfy.

For $21 a month for 1 property, I can quickly update prices across all platforms. Increase or decrease the price.

I did notice that my future bookings decreased with pricelabs. Its helping me fill out my days now within the next 30 days but I'm ok with that. I've only had 1 to 3 nights open in July and back. Aug and Sep have been slow months.

I realized I needed a pricing strategy back in March when I got a request for Thanksgiving with very low prices through Airbnb smart pricing, nothing smart about it, lol

no dislikes, it does what its supposed to

I charge double the price on high demand days, that is a BIG plus for me

I love the "idea" and functionality of it. I can forget about having to change the prices of my properties daily, and since signing up, I realize I've been under-pricing my properties for the last year! A great eye-opener for market value. I like the stats, including occupancy rates, etc. Overall an excellent tool for the vacation rentals I manage.

It seems a little complicated and complex sometimes, I don't use any of the tools except the synching price mode, nothing else beyond that, but I'm sure if they made it more user-friendly I would be willing to check out the other features it offers. I wish it would sync every 20 minutes rather than hours as in the Airbnb world, pricing changes very quickly.

I no longer have to manually change the pricing to stay competitive or "guess" what the average nightly rate is (or also take the time to look at other listings).