Revenue Goals
It's important to understand your Revenue Goals and we'll help you select the right strategy. Our team has made it easy by giving us 1 to 5 pricing plans, but if that doesn't fit then no problem! We can use a custom revenue goal to fit your needs. Our team will use dynamic pricing, a discount timeline, or offer a free night to ensure your home gets booked and at times, we may lower our commissions.
The Details
We can meet companies revenue forecast.
This is the most commonly asked question, "How much money can the home make per year." This is not the question to ask but rather how much money can this home net per year. We do have professional projections that can detail this for you.
Net Revenue vs Gross Revenue
What would you rather have, a home that grosses $100,000 a year, pay $25,000 in commission, $15,000 in utilities, $15,000 in wear and tear and book for 200 days a year netting you $45,000? Or, the same grosses at $80,000 a year, pay $20,000 in commissions, $10,000 in utilities and $5,000 in wear and tear.... netting you the exact same amount of money at $45,000 a year but with only 140 days a year?
Gross Receipts
In the above paragraph, the gross receipts might be $150,000 a year because what is not included is the cleaning and taxes that is paid by the guest. Do not be fooled by Vacation Rental Managers or home owners stating a home did $150,000 a year. Ask the questions, what did it net?
Daily / Weekly Review of each booking that comes in
We have a rates team that examines every booking that comes in and then compares to published rates and last years earnings per home. At that time, we decide to raise or lower rates per home. This is done daily to stay ahead of the competition and to get your home booked for the best price.
Alarms and Notifications
Our system sends out daily emails warning our rates team when homes are booking too fast or too slow.
First to Book Promotions
We run promotions all the time that state if a guest is the first to book in a shoulder season month they can get 25% off. This means the guest is paying below market rates and the home owner nets the same amount. Destination Big Bear basically rents out the home commission free.