We’ve created our very own pricing software - designed to maximise your revenue. Our smart pricing algorithm works alongside our pricing data analysts to keep your property occupied at the best rates.
With 5.6 million active listings on Airbnb alone, it’s hard to know how much to charge.
Our rental pricing software is informed by thousands of data-points to adjust your nightly price throughout the year. So you can increase your occupancy rates without compromising on revenue.
Our algorithm knows when major events are taking place in your area.
We’ll automatically raise your price for these dates in line with the increased demand - so you won’t miss out on extra earnings.
An empty rental leads to empty pockets. We’ve designed our pricing algorithm to offer the best price for last minute bookings.
We’ll automatically adjust your nightly rate depending on how far away the booking is - increasing your occupancy rates all year round.
Easily check your property’s performance via your performance graph on your digital dashboard.
We create a timeline of your monthly earnings, so you can get a clear overview of your property’s earnings.
You’ve invested a lot of time, effort, and money into your property, so it’s understandable that you want to maximise your earning potential. Here’s a few ways you can convince your guests to pay that little bit extra.
Listings with professional photography have been shown to increase their earnings by up to 20% than other stays in the same area, and to also receive up to 20% more bookings. It may cost to hire a professional photographer but it pays off - with 75% of hosts earning the money back in just one night.
We know listings with professional photography get more bookings for a higher nightly rate, so we offer our hosts a professional photo-shoot at no extra cost. Find out more about our specialised photography service here.
Certain amenities are worth more than others. It’s no surprise that two of the most common amenities guests search for are a pool or a hot-tub. We’d imagine digging out a swimming pool in your garden isn’t something high up on your priority list, but there are easier-to-implement amenities that still rank highly.
Self Check-In - Nearly 40% of guests prioritise the ability to check themselves into a property when choosing their stay. Simply adding a lockbox to your property, or using a service such as KeyNest, can increase the number of filtered searches your property is appearing in. Find out more about our lockboxes here.
Workspace Area - Did you know that 1 in 5 guests use Airbnb to work remotely whilst travelling? With so many people travelling for work, it’s key to tap into this category of guest. Not only do business travellers tend to book longer stays, but their employer usually has a bigger budget than the average traveller. So, you can earn more with less hassle. Adding a table or desk with a comfortable chair and access to plug sockets can help your property attract remote workers. In fact, Airbnb will now honour your property with a ‘business travel ready’ badge if you meet certain criteria for business travellers, such as a dedicated workspace area.
Pets - The thought of furry friends running around your property might not be the most appealing, but a pet-friendly stay is one of the higher ranking searches and guests are often met with limited options. Still, this is certainly a more controversial amenity, especially as Airbnb discredits stays which allows pets from being ‘business travel ready’. However, it’s worth bearing in mind that Airbnb’s AirCover insurance now includes pet damage protection. Pets have also been added as their own category of guest, allowing you to set an additional charge per pet. You can use this fee to cover any pet preparations you want to make in your home, or to cover a more intensive clean afterwards.
Streaming Service - 88% of Airbnb hosts offer cable TV or Netflix. For only £6.99 a month, providing a streaming service like Netflix in your property can help you to stand out against other stays and improve your reviews. Adding this home comfort can also help to attract longer-stay guests, resulting in more Airbnb revenue for less hassle.
Due to their excellent reputation, superhosts receive a higher occupancy rate and are also able to increase their average nightly rate. You can check out Airbnb’s detailed guide to becoming a superhost here.
To maximise your bookings and revenue potential, we'll list your property on multiple platforms. Our platform means your calendar is synched across them all, while you enjoy great returns. We also use a strategy of short, medium and longer term lettings to help ensure occupancy all year round.
Learn more: Multi-Platform ListingsWe'll increase your occupancy and the price you can charge with professional photography.
Learn more: Professional PhotographyTo help attract the right guests for your property and increase the number of bookings, we'll setup and write your listings on multiple platforms. We've got data from thousands of properties so we know what works best.
Learn more: Listing CreationA core part of the Houst difference is being able to increase how much you earn from your property. Behind every great pricing strategy is a lot of data and great human minds - we have both.
Learn more: Price OptimisationYour safety and the security of your property are our top priority. We screen all guests and, after hundreds of thousands of bookings, have also built up our own database of good and bad guests.
Learn more: Guest VettingEasy self check-in is a top priority for guests and the Airbnb algorithm loves it too! So we provide a free lock box to all new hosts who join us.
Learn more: Guest Check-inGuests always remember how good the sheets are! We provide hotel quality linen and a high-quality laundry service. Our housekeepers know all the perfect touches for an enjoyable guest stay.
Learn more: Linen & ToiletriesResponding to guests as quickly as possible is the key to getting more bookings and maintaining a good reputation. Our teams respond 24/7/365 and trained to deal with all questions and issues both before and during stays.
Learn more: Guest CommunicationWe've built our own Airbnb cleaning service to ensure every clean is done thoroughly with guests in mind and are never missed! Our cleaners even report back to HQ with photos.
Our housekeeping team take photographs between each guest stay and report on any maintenance items. If it's a small item, we'll fix it quickly. If it's something that needs repairing or replacing, such as washing machine, we can arrange this for you.
Learn more: Property MaintenanceBookings through Airbnb are covered by AirCover, while other bookings are covered by our partners, GuardDog, and other local insurances.
Learn more: Property InsuranceOur Host Dashboard syncs your calendar between multiple booking websites to give you more control and see who is staying. You can also track your performance and income.
How can I make more money from my rental property using Houst?
We pride ourselves on two key strategies - shown to increase our host’s earnings by up to 30%.
Firstly, we’ve developed our very own pricing software that takes into account city-wide occupancy rates, travel trends, property location, events, seasonality, competitor pricing, and other factors. Our data strategists ensure that your revenue is maximised all year round.
Secondly, we utilise multi-platform listing across a range of booking sites and combine short-lets with long-lets to maximise your earning potential. Did you know short-term rentals earn up to 3x more than traditional long-term rentals? You can enter your address into our calculator to get an earnings estimate.
How can I keep track of my earnings?
You’ll be given access to your own personal host dashboard, which you can access online via your mobile or desktop. Your dashboard is updated in real-time and provides you with an in-depth overview of your listing and its performance.
Here, you’ll find all past and future bookings, an interactive calendar to show your property’s availability, and a timeline of your earnings. We’ll also log any invoices and payouts in the billing section of your dashboard, which can be exported into excel for easy management.
How does your price algorithm work?
Our pricing analysts compare your property to an extensive list of stays in the area, both manually and using our smart pricing software. We’ll set the best price for your property relative to the market, taking amenities and listing characteristics into account.
Our algorithm factors in market-wide holiday rental fluctuations such as seasonality, major events, rental demand, and revenue growth. We know when major events are taking place nearby or if prices are unusually high, so we’ll automatically increase your nightly rate during these dates in line with the increased demand. We’ll also automatically adjust your nightly rate depending on how far away the booking is, increasing the likelihood of last minute bookings to ensure your property isn’t left empty.
What’s in it for my referral/friend?
They’ll receive free professional photography for their property (worth £180) and their £150 onboarding fee will be waived.
Get a quick and free estimate for what your property could be earning you with Houst managing it. Then, book a call with our team to discuss it further.
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