Last Updated on June 19, 2023 by Rental Recon
As a rental property owner or manager, pricing your rentals is a crucial element of your rental business and it can be difficult to determine the right price for your rental. Should I decrease my booking rate? Maybe I should increase the price by $2? It’s tedious and time-consuming, especially if you have multiple properties. That’s where pricing management tools come in. But what should you consider when comparing Wheelhouse vs. Beyond Pricing?
Using a dynamic pricing tool is one of the most effective ways to maximize your Airbnb or vacation rental profits. Both Wheelhouse and Beyond Pricing are two of the best dynamic pricing tools on the market.
In this post, we’ll compare the benefits, pricing, features, and customer service of both services to help you decide which one is the best fit for your own market and rental property management needs.
Our Preferred Dynamic Pricing Tool Is…
Wheelhouse does seem to outperform Beyond Pricing in our side-by-side comparison.
After trying out the program we saw a 20% increase in revenue. We attribute this to its local data, machine learning, and AI.
Keep reading to see how we break down this comparison.
Overview of Wheelhouse and Beyond Pricing
Wheelhouse and Beyond Pricing are both pricing management tools designed for automated smart pricing. They are tools to help rental property owners and managers determine the best price for their properties.
These services use algorithms and data analysis to determine the optimal pricing for your rental, taking into account other factors, like seasonality, location, and whether demand meets availability. While they may seem like very similar products in the beginning, they do have some key differences you’ll want to consider.
Wheelhouse Benefits
One of the main benefits of Wheelhouse is its ease of use. The platform is intuitive and user-friendly, allowing you to set up your properties and pricing quickly and easily. Another benefit of Wheelhouse is its flexibility when it comes to pricing your property.
Wheelhouse offers a variety of pricing tools and strategies, including dynamic, pricing tiers, length of stay discounts, and minimum and maximum stay requirements. This flexibility allows you to adjust your pricing strategy to meet your specific needs and goals.
If you’re looking for more detailed information about the Wheelhouse pricing engine, make sure to check out Our In-Depth Wheelhouse Pricing Tool Review here…>>
Beyond Pricing Benefits
One of the main benefits of Beyond Pricing is its integration with other rental management tools like Airbnb and HomeAway. This integration allows you to manage all of your rental properties in one place, making it easier to keep track of your rentals, pricing, and occupancy rates. Another benefit of Beyond Pricing is its use of data science and machine learning to optimize your pricing strategy.
Be sure to check out our In-Depth Beyond Pricing Review here…>>
Pricing Comparison
When looking at Wheelhouse vs. Beyond Pricing, you’ll want to not only consider the upfront costs but your ROI. That comes down to the benefits of each tool at the same price and what commission they are charging.
Wheelhouse Plans
Wheelhouse offers two different pricing Plans. Their Pro Flat plan is a flat fee that starts at $19.99 per month, with additional discounts based on the number of listings and bookings. They also offer a Pro Flex plan that charges you 1% of revenue.
Wheelhouse does not offer users a free trial, but initially connecting your account is free and you will have access to 18 months’ worth of pricing recommendations and Market intel.
Beyond Pricing Plans
Beyond Pricing offers three different pricing plans. Their “Growth” plan offers “Advanced dynamic market pricing and market insights for those looking to accelerate revenue for their STR business” and costs rental property managers 1% of bookings.
The next tier is the “Pro” plan, which offers everything in the “Growth” plan along with “search-powered pricing & visualization for those looking to create efficiencies while unlocking new revenue streams”.
And lastly, they offer a “Performance” plan that includes everything in the “Growth” and “Pro” plan along with a “Full suite of revenue management tools to increase profitability through a direct booking engine that increases conversions, a pricing software and a dedicated revenue management team member to support your strategy”.
Beyond offers a 30-day free trial so that you can test out the program.
Features Comparison
Best Wheelhouse Features
One of the best features of Wheelhouse is its flexible hybrid pricing. The platform offers a variety of pricing strategies, including dynamic pricing, length of stay discounts, and minimum and maximum stay requirements. This allows you to customize your pricing strategy to suit your specific needs and goals.
After trying out the product, we feel that Wheelhouse’s biggest strength is its automated smart pricing strategies. This allows you to sit back and let the software do the work for you.
Additionally, Wheelhouse offers real-time market data and analysis, allowing you to stay up-to-date with market conditions and trends and adjust your pricing accordingly.
Unfortunately, when it comes to integration, Wheelhouse still doesn’t currently have direct integration with VRBO or HomeAway.
Best Beyond Pricing Features
Beyond Pricing’s main strength is its use of data science and machine learning to optimize your pricing strategy. The platform uses a variety of data points, including historical booking data, historical trends, other prices, competitor pricing, and market trends, to determine the optimal price for your rental property.
Beyond Pricing also offers integrations with popular rental management tools like Airbnb and HomeAway, making it easy to manage your properties in one place.
One thing to consider is the cost of your add-ons. Beyond pricing has access to different data but usually comes at an additional cost.
Customer Service
Wheelhouse
Wheelhouse offers support via email and chat, as well as a knowledge base and help center on their website. The paid plan also includes access to phone support.
Beyond Pricing
Beyond Pricing offers support via email and chat, as well as a help center on its own website. The paid plan includes priority support and access to phone support.
Alternatives to Wheelhouse and Beyond Pricing
In addition to Wheelhouse and Beyond Pricing, there are several other pricing and property management system tools available for owners and managers. Two popular alternatives are DPGO and PriceLabs.
DPGO
DPGO is a pricing management tool that uses machine learning to optimize your strategy. The platform offers a variety of various pricing tools and strategies, including dynamic pricing, minimum and maximum stay requirements, and last-minute discounts. DPGO also has two pricing plans and offers integrations with popular management tools like Airbnb and HomeAway.
Key Features
DPGO is another great option because of its low cost, user-friendly interface and it’s powerful features that are known to ease critical pricing friction points. But, keep in mind it is still a relatively new platform with limited platform integrations.
PriceLabs
PriceLabs is a dynamic pricing tool for rentals. It uses data science and machine learning to optimize your pricing strategy. The platform offers a variety of pricing strategies, including length-of-stay discounts, seasonal pricing, and custom pricing rules for rental markets. PriceLabs also offers integrations with popular rental management tools from companies like Airbnb, VRBO, and HomeAway.
Key Features
We’re including PriceLabs on our list as well because of its customizable features and large capacity to analyze your property data. We think this is a great option if you manage a large number of bookings and properties. But, it’s also important to note the interface can be confusing and there have been some reported issues when integrating with VRBO. For a more in-depth overview, you can see how PriceLabs stacks up here..>>
Conclusion
Revenue management goes beyond dynamic pricing and setting the best rates. When it comes to choosing a pricing tool for your rental property, there are several factors to consider. Ultimately, the best choice will depend on your specific needs and goals as a rental property owner or short-term rental business manager.
Both Airbnb smart pricing tools offer user-friendly platforms, flexible pricing strategies, and data analysis to help you determine the optimal price for your rental property.
However, Wheelhouse offers more dynamic pricing tools with flexibility and real-time market data, while Beyond Pricing offers detailed insights using advanced data science and machine learning to optimize your pricing strategy. Get 75% off your first month of Wheelhouse with our coupon code here..>>
Check out our In-Depth Wheelhouse Pricing Tool Review here..>>
