Airbnb Rentals PriceLabs vs Beyond Pricing: A 2022 Review for Airbnb Investors by Amanda Rodriguez February 20, 2022February 20, 2022 by Amanda Rodriguez February 20, 2022February 20, 2022 As short-term rental investors, you need to know how to set your Airbnb pricing correctly to ensure that your property can attract guests and, at the same time, maximize your earnings. Your Airbnb daily rate should be based on the season – you can price your Airbnb property higher during peak season when there is a high demand for vacation rentals, and adjust your rate accordingly when the demand is low. However, setting your Airbnb price manually—and adjusting it depending on the demand and the season—can be tedious, difficult, and time-consuming. It is why many short-term real estate investors prefer to automate the pricing of their vacation rentals, especially their Airbnb pricing. To do it, you need to use an Airbnb automated pricing tool. Two of the most popular dynamic pricing tools on the market are PriceLabs and Beyond Pricing today, but how will you know which one is right for your business model? Both PriceLabs and Beyond Pricing are Airbnb pricing tools that provide important information for vacation rental investors, including rates, market insights, seasonality, and more. These dynamic pricing tools can help you maximize your profits from your Airbnb business. To help you find the best pricing platform for your Airbnb property, we will compare PriceLabs vs Beyond Pricing, including their features, cost, customer support, and whom each platform is best for. Related: 100 Best Short Term Rental Markets in 2022 PriceLabs vs Beyond Pricing: A Quick Overview PriceLabs Beyond Pricing Free Trial 30 days. No credit card required. 30 days. No credit card required. Pricing Plans/Payment Options Three plans are available: ● Portfolio Analytics: $0/month ● Market Dashboards: Starts from $9.99/month ● Dynamic Pricing: Starts from $19.99/month Two payment options are available: ● Pay on Book: 1% of all bookings when the reservation is made ● Pay on Stay: 1.49% fee charged on the day the guest checks in Features and services ● Dynamic pricing ● Market insights ● Integrations with over 50 property management systems (PMS) platforms ● Training ● Booking Analyzer ● Dynamic pricing ● Market insights ● Integrations with over 30 PMS platforms ● Webinars and guides ● Revenue management ● Booking website ● Channel manager Customer Support Phone, online (email and live chat), video tutorials Online (email and live chat), video tutorials, knowledge-based Customers ● Freelancers ● Small to medium businesses ● Large companies ● Freelancers ● Small to medium businesses ● Large companies If you are not sure which Airbnb automated pricing platform to choose, the following in-depth PriceLabs vs Beyond Pricing comparison will help you understand what each platform offers. It will let you decide which tool will work best for your vacation rental investment. PriceLabs vs Beyond Pricing: Pricing Plans and Payment Options PriceLabs offers three different pricing plans, depending on the services that you need. On the other hand, Beyond Pricing charges a fee equivalent to a certain percentage of your income, depending on the payment option you choose. The better pricing model between PriceLabs vs Beyond Pricing will depend on your revenue and the number of property listings. PriceLabs Pricing Plans Price Labs comes with a 30-day free trial period – no commitment required as you won’t need to enter your credit card information. It offers volume discounts and you don’t need to pay a percentage of your revenue. After the 30-day free trial period, you can choose from its three pricing plans, as follows: 1. Portfolio Analytics: $0 Portfolio Analytics is a free plan that can help you analyze your booking patterns – all you need to do is add your listings. It offers a real-time reporting system that includes important Airbnb data, such as monthly revenue and length of stay, that can help you make business decisions and improve your profitability. It also shows listing level performance and metrics so you can make informed decisions when setting up rate strategy. 2. Market Dashboards: Starts at $9.99/month Thee Market Dashboards are fully automated personalized dashboards that offer concise insights into current trends. It provides a market summary, including the number of listings in the area, overall booking trends, and a summary of various metrics. It also provides the possible future trends in your area, including future occupancy, peak demand dates, competitor pricing, and day of week trends. Other insights included in the report are lengths of stay, lead time, amenities, as well as policies and Airbnb fees. 3. Dynamic Pricing PriceLabs’s Dynamic Pricing plan provides automated rate updates based on market data and your listing performance. Just simply connect your properties from Airbnb, VRBO, or your PMS to the platform. It will then analyze each listing and recommend Airbnb daily rates based on several factors, including base price, seasonality, day of week trends, lead time adjustments, as well as holiday and event pricing adjustments. You can control the algorithm and customize the pricing based on your own strategy. Related: The Best Airbnb Pricing Calculator in 2022: A Mashvisor Review Beyond Pricing Payment Options Beyond Pricing offers a 30-day free trial period. Similar to PriceLabs, you don’t need to enter your credit card information to try their services for free. After the trial, by default, Beyond Pricing will charge 1% of bookings made during a month-long period. However, you can choose between the two payment options it offers, such as: 1. Pay on Book: 1% The Pay on Book tier is the default payment option after the free trial. You are charged 1% of all bookings when the reservation is made. The fee is charged on the day of the month that you signed up with Beyond Pricing. Beyond Pricing will credit back the 1% fee when a reservation is canceled or changed. 2. Pay on Stay: 1.49% If you choose the Pay on Stay plan, a 1.49% fee is charged the day the guest checks in. Beyond Pricing allows you to switch between Pay on Book and Pay on Stay any time – just go to the Payment Methods tab of your account. PriceLabs vs Beyond Pricing: Features & Services When choosing between PriceLabs vs Beyond Pricing, it’s equally important to understand the services and features each platform offers. You also need to analyze your unique business needs to find out which tool and services will work best for you. PriceLabs Features Over 50 Integrations: PriceLabs prides itself on being integrated with the major vacation rental channels, including Airbnb, VRBO, and Houfy. It is also integrated with over 50 PMS platforms, such as Avantio, Better Hotel by Mevris, BookingSync, Eviivo, Guesty, Hospitable, HostAway, HostHub, and more. If your PMS is not included in their list, you can fill out their form and PriceLabs will reach out to your PMS. Training: You can join PriceLabs’s interactive training sessions that can help you set up your listings on the platform. It also offers a webinar that can teach you advanced pricing strategies, including the best practices for creating groups, last-minute discounts and orphan day prices, occupancy-based adjustments, custom season profiles, adjacent factors, day of week adjustments, and more. Booking Analyzer: The booking analyzer can help you analyze various metrics for your business. It includes important information such as the number of days booked, revenue, and average price. PriceLabs Services Dynamic Pricing: PriceLabs offers dynamic pricing based on seasonality, market trends, holiday pricing adjustments, demands, and several other factors. Market Insights: PriceLabs also provides the necessary Airbnb dataset and market trends to help investors make informed decisions, including setting up the right prices and stay restrictions. Beyond Pricing Features Integrations: Beyond Pricing is integrated with Airbnb, Booking.com, and VRBO, as well as over 30 PMS channels, including BookingSync, Escapia, FantasticStay, Guesty, HostAway, Hostify, Hostfully, iGMS, Kigo, Lodgix, Smoobu, and more. Beyond Pricing continues to grow its network by adding more PMS channels as partners. Webinars and Guides: The Beyond Pricing platform includes downloadable ebook guides that can help you improve your Airbnb investments and maximize profits. It also offers webinars about short-term rental trends, dynamic pricing tips, revenue management, and so much more. Beyond Pricing Services Dynamic Pricing: Beyond Pricing offers dynamic and demand-driven pricing that automatically adjusts to maximize revenues and drive occupancy. It uses a dynamic pricing algorithm that automatically positions your properties so they can be booked at the best price at the right time. It considers several factors such as the local demand, seasonality, and day of the week when setting the price. Channel Management: Beyond Pricing helps prevent double bookings by easily syncing your listings with Airbnb, VRBO, and Booking.com. It automatically syncs dynamic prices, property availability, and reservations between your PMS platforms and channels. Booking Website: Beyond Pricing also offers a vacation rental website builder and direct booking engine so you can save on Airbnb costs and keep more of what guests pay. You can also ask your repeat guests to book directly through your website and remove expensive intermediary fees. Market Insights: Find out how your listings perform compared to other short-term rentals in your area, identify trends, and know important issues that can affect your profitability. Beyond Pricing offers market insights that can help you stay ahead of growing demand and competition. Revenue Management: Beyond Pricing’s revenue management experts can help you boost your revenue strategy and help you use the platform to your advantage. You can get help with professional pricing strategies, individual listing reviews, distribution, and more. Related: Airbnb Calculator to Predict Your Short-Term Rental Profits PriceLabs vs Beyond Pricing: Customer Support When it comes to customer support, Beyond Pricing vs PriceLabs support options are almost similar. The best way to reach out to customer support for both platforms is through email or 24/7 live chat. Beyond Pricing customer service can also be reached via phone; however, PriceLabs do not offer a similar support option. PriceLabs vs Beyond Pricing: Which is Better? Both PriceLabs and Beyond Pricing are excellent automated pricing tools that can help you improve occupancy and maximize your vacation rental profits. When choosing the better platform for your Airbnb business model, it’s important to consider several factors such as the pricing structure and features, where these two platforms primarily differ. It’s important to note that Beyond Pricing charges a fee (either 1% or 1.49%) from your revenue. While it is a reasonable rate, the fee can greatly affect your revenue if you make several property listings and lots of bookings. For larger investment companies, the pricing structure of PriceLabs may come a lot cheaper because you can get volume discounts and you don’t need to pay a percentage of revenue. It’s also crucial to take a look into the features offered by each platform and decide which services and features you will need. While both platforms offer several training options in the form of webinars, online live training, and ebooks/blogs, there’s a major difference with types of services offered by PriceLabs vs Beyond Pricing. If you prefer to have your own booking website, automatically sync booking and reservations across channels, and get personalized help from a team of revenue management experts, Beyond Pricing may be a better option. Mashvisor’s tools can help you find the top-performing neighborhoods in your area and maximize your returns. Invest in Airbnb Rentals Using Mashvisor If you think neither PriceLabs nor Beyond Pricing is right for you, consider investing in Airbnb rentals with the help of Mashvisor. Mashvisor provides real estate analytics that can help you make the right investment choices. With access to Airbnb data analysis and interactive investment property tools, real estate investors are empowered to understand real estate markets nationwide and optimize rental income strategies. Mashvisor provides tools to help you know the potential income of all Airbnb properties in your chosen area. Using a comprehensive Airbnb calculator, you will be provided with an analysis of rental pricing, occupancy rates, seasonality trends, as well as financial investment analysis. Mashvisor can also help you find the highest-performing neighborhoods in your area and maximize your returns. You can start by searching our database, which contains hundreds of thousands of investment properties. Simply type in your preferred city or neighborhood and we’ll provide you with a quick overview of the properties for sale in that area. Click on the property that interests you, and we’ll provide you with a detailed analysis of the average monthly rental income, Airbnb cap rate, cash on cash return, median home price, cash flow, average daily rate, occupancy rate, and more. Mashvisor’s property and neighborhood investment analysis reports are instantly available in easy-to-read visualizations. Mashvisor can also help you determine which real estate investment strategy would work best in a specific location. Once you’re ready to start investing, click here to search for the best Airbnb rental properties in a city or neighborhood of your choice. Book a demo or sign up for a 7-day free trial of Mashvisor followed by a 15% discount on your quarterly or annual subscription. Start Your Investment Property Search! START FREE TRIAL Airbnbairbnb analyticsInvestment Property AnalysisInvestor Toolsmashvisor toolsReal Estate Data 0 FacebookTwitterGoogle +PinterestLinkedin Amanda Rodriguez Amanda is passionate about everything real estate and takes pride in her ability to help investors navigate the market with detailed and comprehensive guides. 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