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Pricing your Airbnb vacation rental can be a nightmare, especially if you’re trying to stay ultra-competitive in your given area. You could spend hours each day crunching numbers and still not get where you need to be.
Wheelhouse is a tool that will automate this entire process for you, freeing up time and earning you extra money while you relax! Sound too good to be true? It gets better!
Wheelhouse is currently offering readers of Rental Recon a 75% OFF YOUR FIRST MONTH promo code to help generate new business for their company. This is huge discount so don’t miss out! Just use the link below to apply your discount.
Get Your Wheelhouse Promo Code / Discount Coupon for Airbnb Hosts:
What is Wheelhouse?
Wheelhouse is a program designed for Airbnb and other vacation rental hosts that uses AI and smart data software to help you price your rental competitively. You can customize it as much as you want, giving you complete control over your earnings.
Alternatively, you can let the software do its thing and take yourself completely out of the equation (no pun intended). According to their website, hosts can expect to see an increase in revenue between 10-40 percent, which is pretty amazing! It’s easy to see how Wheelhouse could pay for itself in no time flat.
Wheelhouse will give you personalized recommendations using data from other rentals in your area. It combines this with data on seasonal trends, low and high rental peaks, and guest behavior predictions. Its strong, data-driven recommendations remain completely under your control; you can turn on and off automatic pricing at any time.
Similar to some curated stock portfolios, Wheelhouse allows users to adjust their risk tolerance with preset controls or DIY pricing floors or ceilings. A more risky strategy might have greater price fluctuations along with a higher earning potential, while a less risky one will tend to keep earnings steadier from day to day.
Finally, you can also track your performance over time to help visualize how far you’ve come and how much farther you need to go to hit your long term goals. Compare your revenue across listings over time to help strategize for the future.
If you're using Airbnb, this is a great pricing tool to help you generate more revenue! Integrates easily with Airbnb....
- Choose your smart pricing model
- Airbnb and TripAdvisor integration
- Cost decreases with more listings
- Well reviewed
- Great user interface / customer service
- Need 10 listings to get cost decrease
- Web-based only--no apps
- No VRBO/ HomeAway integration
- Automatic pricing accuracy varies
Wheelhouse is very affordable, and they offer a free trial as well as a demo version that requires no signup. The free trial offers limited insight, but is a great way to get to know the platform with no commitment necessary. I give it a 9.7 out of 10 for price.
Valuable in more ways than one, Wheelhouse gets a 9.5 for value. Not only are their prices affordable, but in my opinion you get quite a lot for what you pay for. They currently offer two packages (besides the free version) so you can pay for what you need without spending so much that it cuts into your newfound profits. Both of these packages are highly functional and do plenty for the average host.
Wheelhouse generally has great customer impression scores, so I gave it a 9.1 out of 10 for reviews. Most reviewers rave about the platform, saying how it has increased their profits tremendously. People love its simple interface and that you don’t have to be a data mastermind to understand its suggestions. It lost a fraction of a point because some have had issues with glitches or inaccurate pricing, but these are both to be expected with a relatively new and ever-changing product.
At its heart a straightforward and relatively simple tool, Wheelhouse gets an 8.7 out of 10 for features. It does exactly what it advertises, but I would like to see a little more in the future in terms of functionality. While you can automatically update prices, there aren’t any other listing editing features integrated (yet).
Ease of use gets an 8.9 out of 10. There is a slight learning curve, both in terms of information processing and interface workability, but it should be very doable for the average person. If you can create an Airbnb listing, you should be more than able to use Wheelhouse.
Overall, Wheelhouse earns an impressive 9.2 out of 10. Its strong feature speak for themselves, and its slew of top-notch reviews and make it an attractive option for the enterprising vacation rental host.
Wheelhouse Pros: Great Airbnb Tool
Wheelhouse is really optimized for Airbnb, but it can be used with a variety of listing platforms. If you cross-list your rental, this will make you life so much easier. No more checking each site individually, ensuring prices are synced up and competitive with the guy down the street. Wheelhouse will do it all for you, saving you an unreal amount of time.
It’s very user friendly, and after a very slight learning curve you can be up and running within a day or so. It’s easy to synchronize all your listings and get to know the interface, which is beautifully designed and very intuitive.
Wheelhouse lets you choose how involved you want to be, with anything from set-it-and-forget-it options to complete pricing control down to a specific dollar increment. If you’re very ambitious, you can let Wheelhouse completely take over with their “Aggressive” pricing model.
It is now optimized for use with a greater number of vacation rental sites, so you’ll be spending less time switching tabs and more time watching your earnings increase.
Their free trial is a great plus for me, as I never like to have to pay before I can determine if I even like a product or not. This allows you to get basic gist of the service and some of their insights, and the Essentials package (the next step up) only charges a slight commission per booking in addition to a nominal monthly fee. This makes it a no-brainer to try out!
Area-specific analytics are crucial these days, and in order to be competitive it’s important to get insights at the local level. Thankfully, Wheelhouse delivers tailored insights right to your dashboard daily.
Rental Recon Tip: Look at the competition around you, not around the country. That’s what matters most! How you stack up against your neighboring hosts is what will earn you booking revenue, not how you compare to someone halfway across the globe.
Wheelhouse Cons: Major drawbacks?
Wheelhouse’s pricing does increase with the number of listings you add on, but this is somewhat standard in the vacation rental software market. Still, instead of a small booking commission, the Pro plan (a step up from the Essentials plan) charges a significantly higher monthly fee. This is something to consider if you hope to list multiple homes.
They also have somewhat limited chat support, and many reviewers have been disappointed in the lack of assistance they’ve received. Wheelhouse also does not integrate with HomeAway or VRBO, which is odd considering they are the second largest listing platforms after Airbnb.
Overall, Wheelhouse is a robust automated pricing tool that is a valuable addition to any vacation rental owners toolkit. All of their plans are affordable, and you can try them FREE to see if you like them.
Better yet, get started with my promo code BELOW!