Here at AvantStay, we take a balanced approach to optimizing vacation rental income. It’s both an art and a science! Through a combination of our best-in-class care, streamlined back-end operations, technology, and our elevated hospitality brand reputation, AvantStay is able to outperform any other vacation rental management company and make you top dollar. Keep reading to find out how our unique revenue management strategy and exclusive revenue drivers can maximize your vacation rental income!
Vacation rental revenue management
Our approach to vacation rental revenue management begins with a firm understanding of each market. Unlike traditional management companies that use simple on and off-season pricing, we use a sophisticated dynamic pricing model that segments each year into between 75-150 pricing “seasons.” These seasons capture and optimize revenue based on occupancy, day of the week, travel patterns, holidays, market events, and more.
We then examine the characteristics of each home (proximity to waterfront/ski slope, views, amenities, condition of the home, etc.) and map it against performance data of comparable homes in our portfolio and market reports we receive from AirDNA and other industry sources. This allows us to set thoughtful base rates for each season that we can adjust as the market changes. Our prices also shift over time based on occupancy and proximity to the check-in.
We understand the need for data-driven insights, but don’t lose sight of the human component that is so critical in the ever-evolving vacation rental space. Our team of dedicated pricing and revenue management specialists review each asset in our portfolio on a weekly basis to ensure each home is priced to book.
In addition to our proprietary pricing model, our in-house Listings & Distribution team has cultivated strong relationships with leading online travel agencies, which allows us to enhance your property’s listing performance against market competitors. Our team of skilled copywriters, photographers, and SEO experts will manage your inventory across 60+ diversified platforms specifically curated for your home in order to maximize views, bookings, positive reviews, and revenue.
Revenue drivers
When you partner with AvantStay, you also get access to our exclusive revenue drivers that create an elevated hospitality experience and allow us to charge higher ADRs. These features create an exceptional guest experience and keep your home in pristine condition—driving more bookings, positive reviews, and maximized vacation rental income.
Value-add interior design upgrades
Only AvantStay homeowners receive access to our in-house award-winning interior design services. Our professional Design and Photography teams elevate homes in as little as nine days, instantly increasing your home’s equity and maximizing your ROI. We purchase high-quality, durable furniture and new amenities, and we take care of the professional photo shoot—for free!
Premium upgrades and experiences
AvantStay guests have access to 24/7 live support via SMS, email, or phone, and we troubleshoot every issue to ensure they are well-cared for so homeowners can sit back and relax without any interruptions. By resolving 90% of guest issues on the first call, we receive higher ratings and better guest satisfaction.
We also take care of stocking the home with guest-ready supplies and provide personalized, thoughtful welcome packages ahead of every stay. Guests also get full access to in-app upgrades and experiences so they can book a private chef, schedule in-home massages, request fridge stocking, schedule mid-stay cleans, and more—all just a click away.
Best-in-class home care
AvantStay has teams dedicated to field operations that manage utilities, services, maintenance, and housekeeping on our owners’ behalf. In addition, AvantStay homeowners receive unmatched personalized service through a dedicated account manager who will quickly assist with any inquiries. You can also rest assured that our Compliance team keeps a constant pulse on the ever-evolving short-term rental regulatory requirements across the country so you’re up to speed and always operating with the correct permits.
Smart home technology
At AvantStay, we equip every home with our complimentary smart technology package which includes noise monitors, video doorbells, occupancy detectors, and keyless entry locks. Our monitoring and prevention technology is integrated into our operational dashboard, giving our Guest Experience team 24/7 real-time insights at each property. This keeps your home safe (and your neighbors happy!).
Maximize your vacation rental income with AvantStay
Competitively pricing a vacation rental and staying on top of seasonal changes requires a lot of planning and strategizing. Why not partner with an experienced vacation rental manager who can take care of revenue management to maximize your vacation rental income?
AvantStay offers end-to-end, flexible management programs to give you peace of mind. From financials to design to maintenance, we take care of your home as if it were our own. Our proprietary tech suite powers bookings operationalizes in-field management and activates an elevated guest experience. We take care of all the work to maximize your home’s income so you can sit back and relax—it’s that simple.
If you have questions, our team is here to help. Get started with our vacation rental management experts today!
