You would never use a formula to set your rates because it would remove the elements of judgment and flexibility. And you wouldn't want to just pick out one rental rate and apply it to every week. If you did that, you wouldn't be accounting for the supply and demand of rental options in your area. You can maximize your occupancy rate by strategically managing your rental rates. Here's how to identify how much you should be charging for your rental property.
Continue reading Setting the Best Rates for Your Vacation Rental.
