This week we are excited to showcase One Fine Flat in our Partner Spotlight. We dive into what differentiates them from other vacation rental companies, why they use dynamic pricing and how they've streamlined their operations.
Can you tell us a bit about One Fine Flat?
One Fine Flat, Inc. is an international property management company specializing in short-term rentals. We manage all aspects of rental operations for our clients. What sets us apart from our competitors is our use of technology. By utilizing modern property management software and services, we are able to automate many of our daily processes, allowing us to keep overhead low and pass the savings on to our customers.
What made you think about using a dynamic pricing services?
In the short-term rental market, the cost of a single night can vary drastically depending on the season, special events, and comparative availability. Set your rate too high, and you’ll lose a booking to a competitor. Set it too low… and you’re leaving money on the table. Available data that factors into determining an optimized price range can easily become overwhelming, and monopolize a company’s human resources. This is where a dynamic pricing engine becomes valuable.
What made you choose PriceLabs and how has it helped your business?
PriceLabs takes multiple factors into consideration to calculate and adjust the optimized price for each specific property. As users, we have the ability to customize the parameters by which the pricing engine makes its calculations… giving us the power to make custom overrides, enact location specific rules, and map our listings together across multiple OTAs. Once the parameters have been adjusted to our liking, we can rest easy knowing that our daily prices are dialed in and automatically updated every night. The result is increased revenue through rate optimization, and increased productivity of our operations.
We can rest easy knowing that our daily prices are ‘dialed in’ and automatically updated every night. The result is increased revenue through rate optimization, and increased productivity of our operations.
Coupled with a powerful property management software system, our daily operations are streamlined in a manner that gives us the time, energy, and enthusiasm to more closely interact with our clients and guests.