STR System & Setup
Managing two 2BR apartments in Boston — would love input from hosts in similar setups
Hey everyone. I've been hosting for a little over a year now and recently started experimenting PMS to integrate and manage both units from one place. Wanted to share my situation and get some perspective from hosts who've been through similar decisions.
My setup:
- Two fully furnished 2BR apartments in the same building (I own the building) in Boston.
- Unit 1 is listed on Airbnb, VRBO, and Booking.com
- Unit 2 is Airbnb only for now
I manage both listing manually including pricing and its becoming very challenging.
What I'm working through right now:
Both units are at 80% occupancy and there is opportunity to increase to 90%. I’m currently experimenting migrating both units to a PMS + connecting PriceLab for dynamic pricing. I have yet to decide on which PMS to go with given my situation.
Could you please recommend which PMS I should start with?
Any advise on how I should go about setting up everything?
Has anyone gone through this? Any gotchas I should know about, especially around the channel markup settings?
Airbnb's 15.5% host-only fee — Since I'm connecting a PMS, I read that I'll be automatically moved to the host-only fee structure. I'm planning to apply sone markup to preserve my net payout. Anyone else done this math and found it held up in practice?
Thanks in advance 🙏