[SPONSORED CONTENT] Dynamic pricing and revenue management solution provider, PriceLabs, explains how property managers can use the company’s new Revenue Estimator Pro product to ensure effortless revenue estimation.
Whether you are an investor buying a vacation rental, a property manager serving clients, or a revenue manager making revenue estimates, accuracy and efficiency are essential factors in your market research and analysis.
Extensive research is critical but can eat into your valuable time.
But now, thanks to PriceLabs taking over the heavy lifting, you can have swift and insightful revenue estimations for any property address worldwide at your fingertips, with research and calculations done within seconds.
Instant insights at your fingertips
Revenue Estimator Pro generates comprehensive reports in seconds, including annual and monthly revenue projections, average daily rates [ADR], and occupancy rates for any property, anywhere in the world. This real-time data empowers you to:
- Target high-return properties: Investors like you can evaluate potential investments swiftly. Simply enter an address and receive an immediate snapshot of expected earnings.
- Manage with confidence: Property and revenue managers juggling multiple listings can breathe a sigh of relief. The tool offers a central hub for storing all estimates, plus the ability to create professional reports with your logo for easy sharing with colleagues, homeowners, or real estate agents.
Unparalleled customisation
Revenue Estimator Pro goes beyond basic estimates. Tailor your analysis to your specific needs:
- Refine your comps: Start with a quick estimate and refine it based on specific criteria, such as the number of bedrooms, amenities, or even selecting a specific zone on a map, to create a comp set of similar properties in the area.
- Dynamic recalculations: See the impact of your adjustments reflected instantly, ensuring your decisions are based on the most relevant criteria you have selected.
Revenue Estimator Pro takes the guesswork out of revenue forecasting by leveraging the power of data. Here’s a glimpse into how it works:
- Leverages Airbnb data: Analyses vast amounts of data from nearby Airbnb listings, focusing on similar properties.
- Considers market trends: Integrates factors like seasonality, overall rental demand, and historical revenue growth for a comprehensive market picture.
- Delivers precise customisable forecasts: Allows you to filter by amenities or listing performance to refine the estimate based on your specific property.
- Time frame, radius and number of listings considered: Analyses the data of the past one year, of the nearest 350 listings, within a 15 km radius, considering nightly rates and excluding taxes, fees, stays longer than 60 days, and inactive listings.
Try it for free
Accessing Revenue Estimator Pro is a breeze.
- Non-users: Create a free PriceLabs account
- Existing users: Log in and find the tool under the “Market Research” tab.
- With at least one listing [no payment needed] on PriceLabs’ dynamic pricing tool, you get two free estimates to test-drive the power of Revenue Estimator Pro. If you want to create more than two estimates – pricing starts at $2.50 per estimate.
Still not convinced? PriceLabs also offers a basic, free, public version of the tool. No email or sign-in is required. Give it a try: Access it here.
Stop playing the guessing game. Stay ahead of the curve. Make smarter property decisions with PriceLabs’ Revenue Estimator Pro.
