Ask Christine #39: How to Set Rental Rates for Your Vacation Home


An owner asks: "I have a fairly unique vacation property. How can I set appropriate rates when I don't have any other properties to compare it to?"

Christine offers guidance about setting rental rates for your vacation home.

To submit a question for a future installment of "Ask Christine," please leave a message at (512) 493-4340.

Find more tips and advice at the HomeAway Owner Community. 

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Posted by Christine Karpinski at 7/6/2009 4:12 PM
Categories: Ask Christine
Tags: getting started pricing rates
 

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  • 7/7/2009 10:07 AM Marcia wrote:
    I'd love to hear your advice on setting/approving rates when you have a management company. They try to determine best rates for your place but an owner really needs to get involved sometimes.
    We step in and adjust as needed based on: current rentals, economy, etc and have sometimes increased or decreased what they give us. Sometime I decrease it slightly based on getting the published rate below the next $100 so it is perceived to be cheaper.
    thanks,
    Reply to this
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