Smart pricing helps landlords optimize for pricing and lease up periods
Alcove operates in the shared housing rental market. Similar to the traditional rental market, there are many factors, like listing price, local rental rates, property condition, marketing materials, and lease-up time which impact potential returns on your home. Remember, higher listing prices may increase vacancy periods, which could affect net operating income potential. See the data here.
Finding the right balance is essential in optimizing rental income while minimizing vacancy risks.
To activate smart pricing and allow Alcove to determine the optimal price for your home, simply go to Manage Listings, select the home you wish to edit, and toggle on smart pricing.
