Pricing
Go PropertyHop has the whole package.
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Free Property Assessment
Smart Key Management
Seamless Check-In Process
Professional Cleaning
Household Goods Replenishment
Quick Turn-over Laundry Service
Professional Listing Creation
Professional Listing Writer
Professional Photos
Intelligent Dynamic Pricing
Handyman/Maintenance Services
24/7 Web On Demand
Owner/Tenant Portal Web Access
Concierge Set-up Services
Full-time Accountant/Bookkeeping
What Are
We Using?
GPH utilizes a dynamic pricing theory in which we incorporate a deliberate, variable scale pricing model. This is a fluid pricing scheme that integrates a supply and demand.
From there, we charge various prices subject to the individual client(s), market variables, and conditions. We emphasize on capitalizing revenue for each available room per night (REVPAR). This is one of the most effective ways to estimate the coup of a pricing strategy.
Although it is our company goal to boost REVPAR, independent pricing strategies are subject to the owner’s opening cost and sustaining proper risks or return forebearances.
Subjective Variables
1. Screening
When it comes to ruling out a price, it depends on guest quality. By providing a list of questions to our clients, the GPH team will do their best in determining the impact of a particular group. Identifiying the goal of the trip, taking account the demographics of the group, party size, number of children or pets, and solicited amenities are part of the process. If guest quality is substantially high, the more accomodating pricing can be. On the other hand, if guesty quality is rather low, there is higher risk and it becomes less amenable with pricing.
2. Property-owner Management
Every client carries a distinctive opportunity cost correlated with property rentals. In this case, some may be higher and less inclined to rent for a particular price. In contrast, there are some that are lower; some that are more eager to rent at its correlative price. Overall, It is valuable to us to maintain good communication with our team.
We take satisfaction in our company name on creating well fortified relationships with our client. As this is maintained, the more precise we will be in accepting your opportunity cost of your short-term rental(s). In some cases, situating price floors is generally not recommended, but can be deemed mandatory.
Objective Variables
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1. Utilizing Past Data
By using a large mass of rental data, Go PropertyHop is able to foresee the pinnacle in demand.
2. Lead Time
The more considerable of a window for opportunity to secure your booking, the larger of a scale for pricing tolerances come out to be.
3. Liquid Indicators
With the assistance of utilizing various tools, we are capable of maintaining a sum on our conversion rates. If outlined, this should alter according to seasonality, but will stay put enclosed by a comparatively low margin of anticipated inaccuracies.
4. Comparable Inventory
The GPH team will keep track of the open substitutions within the bounds of our portfolio and amid our local competitors, property rental marketplaces, and the rest of the markets across the nation.