Evaluate Your Local Market
First and foremost, it’s important to determine the market value of your property by doing a bit of research to see what other hosts in your area are charging. Use the EzyStayz search tool to look for similar properties in your city or destination by limiting the search to the number of bedrooms and maximum number of guests that your property can accommodate.
It’s a good idea to search for a few months in advance and make the length of your stay between three days and a week to ensure you get the most property results.
Once you have a number of similar properties listed, select around five that have plenty of reviews and check the base rate for each. Properties with more reviews are probably more established and charging their full market price. Then browse the calendar of each property to see what they’re charging on weekends or if they’re offering any discounts for long-term stays.
A property with limited short-term availability is probably a good sign that they’ve got a high occupancy rate and their pricing is in-line with what travellers are willing to pay.