How to Price Your Vacation Rental

To begin pricing your vacation rental, you should start by looking at other vacation rentals on VacationMouse.com that are similar to yours. Make sure you compare location, property type, amenities, etc. For example, if you have a similar property to one listed, but the other property offers a hot tub and ocean view, while yours does not, you may want your price to be lower, so that you may maximize your bookings.

It is important to price your property according to the demand in the market. If you price it too low, someone may think there is something wrong with your property that they don’t know about. If you price your property too high, you may have more vacancies and lose potential income.

You must also remember to keep in mind seasonal rates and holidays. It is recommended that you account for these times when pricing your property. More active travel times should have higher rates, and slow travel times should have lower rates.

Remember that travelers do not like surprises, especially when it comes to their travel expenses. Make sure you let travelers know of any extra fees up front, including taxes and cleaning fees, that apply. Your rates and any fees should be outlined clearly for the entire year to avoid any confusion.

It is common for owners to request a security deposit and cleaning fee. Make sure these fees are reasonable so as not to deter potential travelers. The cleaning fee typically varies up to $150. Any additional fees may deter travelers. When you start charging for things such as cable, internet, pool use, etc. you may discourage vacationers from renting your property. If certain amenities at your vacation rental cost you more to maintain, you should work those costs into the overall price you charge.