Optimize your prices with PriceLabs in 5 simple steps…
Step 1: Connect to your PMS and OTAs
This means that as a PriceLabs user, you're not restricted to a certain Property Management Software, and you won't have to switch to a new one.
Step 2: Set your base price
You can either set your own base price based on your prior experience or use PriceLabs’ recommendations based on the market, your neighborhood, property type, and bedroom count.
Step 3: Get your price recommendations
It also gives you a complete breakdown of why a certain price has been recommended.
Step 4: Set your automation preferences
Step 5: Sync your optimal prices
This sync happens daily, but you can request for more than one sync a day as per your requirement.
These daily price updates will also help you rank better in the search results.
My favorite PriceLabs features
PriceLabs Portfolio Analytics
Pricelabs Pacing Reports
It shows more “current state” compared to what happened at the same time last year.