PriceLabs

Worth Every Penny

Pros:

My property management software let me set up basic perimeters, but nothing like the powerful tools PriceLabs provides. Once it's set up it updates my rates daily, something I could not do with multiple properties to manage,

Cons:

Not really a con, but there is so much market data they can provide that I still haven't 100% learned how to utilize it all to its full potential.

Easy to use with a wealth of features for a large scale short-term rental manager

Comments: Been great, easy to use and good customer support for when there are issues.

Pros:

Wealth of features Easy to manage a large portfolio of properties Large amount of easy to access data to make decisions

Cons:

There is nothing specific that I can think about.

Alternatives Considered: Wheelhouse

Reasons for Switching to PriceLabs: I find Pricelabs' features and pricing to be the best in the market currently - have scoped a few different tools

Worthless

Comments: Horrible

Pros:

There is no pro for us. It was completely worthless. We gave it over 6 months. When it was costing us money we dropped it.

Cons:

This product did nothing for our rental business. We understood how to use the tool, it was not difficult to use. It just does not work well. Their customer support was non-existent.

The best investment in my Holiday Let by far

Comments: An extremely good service, from the quick responses to my questions and queries via email, to booking 30 minutes teams calls to screen share my PriceLabs and go through all my questions and problems. My bookings have gone up drastically at one of my properties to almost 100% occupancy rate, I won't go without pricelabs on any of my holiday let's now

Pros:

The support is tremendous, I really enjoy how quickly and thoroughly you guys reply. The product itself needs nothing in my opinion.

Cons:

I do find all of the different setting hard to use, but I guess that's just comes with spending more time on it.

The best dynamic pricing software for your rental property

Pros:

The information it provides me about everything on my market to help me choose my base price maximizing the revenue I earn from my property

Cons:

Sincerely I can’t think of a thing I don’t like about Price Labs,

Great for revenue management of STRs

Pros:

PriceLabs was one of the very first softwares I incorporated into my business. I manage my own STRs and it has been instrumental in helping me automate my pricing. With PriceLabs, I've been able to achieve a high ADR and occupancy. Very organized and user friendly UI that's easy and intuitive. The customer service is also fantastic! I always get a response within 24 hours with a super detailed and helpful answer. An essential tool for all STR self managers!

Cons:

I sometimes find myself having to manually fine tune and update the prices for certain dates because PriceLabs isn't accurate.

Alternatives Considered: Wheelhouse

A MUST for vacation rental owners

Comments: I couldn't be happier. It has a lot of horsepower and does a tremendous amount of work in the background that saves me valuable time. It performs so well, it is easy to forget it's even there!

Pros:

PriceLabs is competitively priced, integrates seamlessly with my channel manager, ensures I have very limited to zero open dates in my calendars and has maximized my revenue. I find it very easy to use and I consider it one of the most important tools in my toolbox for successful management of my short term rentals.

Cons:

The interface is a little overwhelming at first, but it doesn't take too long to familiarize yourself with the layout and understand what the graphs and numbers are reporting.

anabolics for my business

Comments: Very positive, I went from an employment rate of 13.8% to 39.88% this year

Pros:

Pricelabs saves me a lot of time with calendar alignment, dynamic pricing, and travel accommodation demand trends. I have been using it for a year and have yet to discover all the features that allow me to grow my business

Cons:

nothing for now for the technical part. I would like the translation of the guide into Italian. There is already something but many articles are in English, unfortunately it is my limit

Beat your AirBnb Competition

Comments: We find PriceLabs a handy tool to have to stay ahead of the competition.

Pros:

The ability to manage the prices of our AirBnb properties across multiple platforms, this keeps us ahead of the competition in a very saturated market.

Cons:

One drawback of PriceLabs is that if you're managing a lot of properties, setting up and managing pricing rules for each one can get complicated and take up a lot of time.

Happy Customer

Comments: Great tool to properly price out my daily rate. Saves me a bunch of time and maximizes possible earnings so I don't leave money on the table.

Pros:

How it sincs with my Hosptable property management system.

Cons:

Haven't found anything I dislike yet. If I do , I will surely let you know.

Worth every penny

Comments: I've used pricelabs since I had 4 properties to manage, and now we have 100 in our portfolio. It's seamless, and does ALL the work for you. I can't say enough about how valuable this software is, and how crucial it is to maximizing occupancy.

Pros:

Fully automates the process of adjusting pricing, this increasing occupancy and maximizing revenue.

Cons:

Not intuitive, but things this powerful rarely are.

Alternatives Considered: Wheelhouse

Reasons for Switching to PriceLabs: Better integrations/more integrations, as well as better coverage of my area at the time.

Awesome tool

Comments: After you understand the software it is a great tool to use. Cuts back on hours and hours of manually comparing prices and making sure we are positioned adoringly regarding the competitors. However to start using the SW it would be great to have a PriceLabs person hear you and help you set your initial stagy and explain the how the SW "reads" your inputs to generate it's outputs. Highly recommend it

Pros:

Rely rely helpful, to make sure yield the maximum revenue for each property. It is very flexible to customize to our harts content / location specifics. Information about expected occupancy in the town and "real" information about already booked occupation for each day forward. Rely easy to visually see in % how well we are doing in the future. This time frame is also customizable, so we chose, 7 day, 30 days and 90 day, to easily see if we are OVER selling (too cheap) our UNDER selling (to expensive). Integration with our PMS was very simple also.

Cons:

- Sold night, do not display the "correct" value that the unit was sold at. - Color scheme of information displayed (bule "cold" used for higher occupancy) - Base percentage history are not real values, of our apartment this year versus last nor versus the town. It's an estimate of what we have versus the changes we make. But none of this portrays reality.

Alternatives Considered: Beyond

Reasons for Switching to PriceLabs: Beyond pricing - they use a percentage base payment and we hate this way of work, because our margin fades completely. Unless they requested 0.1 to 0.25% it is not viable to work with them.

Jason's Review

Pros:

It's intuitive to use and provides dynamic pricing comparing to the local market

Cons:

I wish I understood how to use the neighborhood tab so I got useful info from it

Good product. Always innovating things

Pros:

Revenue management is excellent. Allows us to automate our operation

Cons:

Reporting and analytics/competitive analysis needs some improvement.

Make more money than you thought!

Comments: I was surprised at how much they priced some of our nights for and they actually rented for that, which was almost double what we were getting on some nights!

Pros:

I was very surprised how manny criteria they used to determine our prices.

Cons:

I wish it was a little more affordable.

Pricelabs is the industry leader

Pros:

it's the best tool available at one of the lowest prices at our size of company

Cons:

That the market dashboard, which gives you the best data, is an add on feature.

Great System To Never Think About Pricing

Pros:

I love that the prices are ever-changing based on demand and that I know I am in good hands, even if the dates are far off, they are priced correctly.

Cons:

I find it's quite complicated to use and understand the features - I do wish it was a bit more user friendly.

Invisible partnership

Comments: Easy to onboard and integrate with Hostfully

Pros:

Pricing that is responsive to changing variables

Cons:

More specific overrides and discount options

The best

Pros:

Excellent product, in my opinion the best on the market. Continuous updates and very clear webinars.

Cons:

Synchronization is not immediate, to choose when to synchronize there is an extra cost.

A few bugs but overall pretty good

Pros:

The ease of pricing for all high traffic events and comparing against competition

Cons:

Overall seems to have some bugs on syncing across platforms

Price Labs Review

Pros:

PriceLabs is considered a good software due to its dynamic pricing optimization. The software uses data analysis and machine learning algorithms to adjust prices based on market demand, booking patterns, and other factors, which helps property managers optimize their revenue and increase profits.The user-friendly interface is another reason why PriceLabs is a good software. It provides an intuitive and user-friendly interface for managing multiple properties, making pricing decisions easy and straightforward. The software is designed to be user-friendly, and this makes it a popular choice among property managers.PriceLabs offers comprehensive features such as pricing recommendations, rate monitoring, and reporting, making it a comprehensive revenue management tool. These features help property managers to make informed pricing decisions and ensure maximum occupancy and revenue for their properties.

Cons:

PriceLabs, although a good software, could improve in certain areas such as integration with other property management systems and adding more customization options for pricing algorithms. This would enhance the software's overall functionality and make it an even more valuable tool for property managers.

very good value for money

Pros:

It has risen my revenue by 30% at least.

Cons:

loading time is sometimes long and I have to reload site

A 10/10 Software

Pros:

Easy to use, helpful and on point customer service

Cons:

The sync could be done more often / frequently

Great software

Pros:

Pricelabs has helped me set up my property so I have earned more in the last year than expected. Their market research helped me start with my price points that match my neighbors. Their dynamic pricing helps me stay competitive while I earn the most money possible.

Cons:

The family groups are a little difficult to understand.

Into the future of Vacation Rentals with Price Labs

Comments: Great. In my role in getting new properties in to our portfolio it allows me to present unbias and market related data over just our internal data. It also helps me show what the market place is like to owners, enabling them to make the best decision for themselves. It has been a game changer and I look forward to the product being improved and adding features in the near future.

Pros:

It has changed the way we price, project and even view our properties' performance.

Cons:

I know it is hard, but th revenue figures can be way out at times. I have looked at our own properties on the system and the variance can be quite big. However, that is generally down to dates being blocked or high owner use.