Top 3 reasons your serviced accommodation business isn’t working optimally

The top 3 reasons I've learned that SA hosts aren't making the most of their business. No matter which part of the United Kingdom you are running your airbnb business, the following factors will play a huge part in your success

1. Poor pricing strategy

Not understanding how you can price your properties to create maximum cash flow is a fast track to losing profit every month! Choosing a strategy that maximizes profits in peak periods and encourages longer stays throughout the "slower seasons" is crucial to ensuring you are catching every opportunity for bookings

2. Not prioritizing their own brand!

Of course, OTA's (online travel agents) are vital to your short term rental businesses success, however if you are not building your own brand by targeting direct bookings and sharing on social media then you are limiting your ability to grow the business and build a solid customer base that recognizes your name

3. Rushing to reach new heights

When people get a taste of SA profits it can be easy to cut corners and rush to grab the next property deal! The issue with doing this is we can miss vital information about the property/location and ultimately end up losing money in the long term due to something that could have been caught if we took the proper care!

Are you reaching your full potential in your short term rental business? If you didn't already know, we help our clients every step of the way in their journey. Ensuring our clients know exactly how to source the right properties and list in a way that allows them to seize every opportunity without needing to spend all of their time making adjustments!

comment below with your biggest hurdles in SA