The Airbnb Pricing Workshop by Matt Caissie is a 5-day training program that teaches you how to develop and implement a profitable Airbnb pricing strategy. It covers the key aspects when managing an Airbnb business, including analyzing the local market and occupancy rate to help determine the perfect price for your Airbnb property. In this workshop, Matt will walk you through the structure he uses to earn 7 figures on the Airbnb platform.
According to Matt, setting the right Airbnb price is one of the biggest challenges as an Airbnb host. This can make or break your Airbnb business. It plays a vital role in attracting guests, maximizing the occupancy rate and generating revenue for hosts. Pricing is also a big factor in generating Airbnb reviews. Guests typically consider it when rating properties. Whether it’s short-term Airbnb rental, vacation rental or long-term rental, this real estate business model requires a dynamic pricing strategy to ensure success.
The Airbnb platform already has a pricing tool you can use for your Airbnb listing. You can activate the Airbnb Smart Pricing tool, where the system automatically sets the price or the nightly rate of your listings based on demand. This feature also allows you to adjust the price limit. However, Matt does not recommend relying on this smart pricing tool. He believes each Airbnb property requires specific metrics to make it more profitable. And that’s where his Airbnb Pricing Workshop can step in and help you.
Airbnb hosting can be a lucrative business. However, it requires more time and resources to manage it. It’s also a competitive industry, making it more challenging for new players, especially for short term rental investors.
That’s why I prefer the local lead generation business model. It works like digital real estate, where you rank and rent websites for local businesses. Unlike Airbnb, local lead generation only requires minimal capital investment. There’s no need to deal with tenants and it’s a lot easier to manage. With thousands of niches available in different cities, the opportunities are limitless. Once you have the key metrics for ranking service sites, it’s a sure-fire passive income stream!
Pros and Cons of Airbnb Pricing Workshop
Pros
Affordability: The workshop is cheaper than most Airbnb courses available today.
Credibility: Matt Caissie is a reputable Airbnb Superhost. A lot of people are saying great things about him.
Wide coverage: Other than dynamic pricing strategies and the Airbnb pricing tool, the workshop also covers other important aspects to grow your business and maximize your revenue.
Testimonials: There are tons of video testimonials about the workshop posted on the site.
Cons
Lack of reviews from external sources: It’s hard to find reviews about the actual workshop from other reliable resources.
Few Followers: Matt has few followers on Social Media.
Price
$47
Duration
5 days
Refund Policy
You can get a full refund if you feel like the workshop is not worth your investment after day 1.
Reputation:
YT: 14k subscribers | FB: 64 followers | IG: 2.3k followers
What is Matt Caissie's Airbnb Pricing Workshop
Matt Caissie’s Airbnb Pricing Workshop is a 5-day training program that aims to help maximize your revenue by setting the most profitable rates for your Airbnb listing. In this workshop, Matt shares his own dynamic pricing tool and formula to come up with the best rates for both future guests and hosts. He will give you some price tips that will help you stay on top of the competition.
Matt advises not to rely on Airbnb tools when pricing your listings. One reason for this is the Airbnb Smart Pricing feature only considers the base price of your property based on the demand. It overlooks other important factors, such as the cleaning fee, service fee and other expenses. However, you should also evaluate comparable listings to compete with other properties.
What is Included in Matt Caissie's Airbnb Pricing Workshop
Learn simple metrics on implementing a profitable pricing strategy. Matt briefly explains the important factors to consider when pricing your Airbnb listings. He also covers the reasons you shouldn’t use Airbnb’s automated pricing tools.
Uncover the secrets of how you can outperform your competitors. Here, you will learn the most important criteria to grow your business.
This will be an in-depth discussion about the rates you can set for your listings. By the end of the day, you should know how to price your listings confidently.
In the 4th session, Matt shares his formula that can grow your revenue up to 3x!
Offering promotions is a good way to improve occupancy rate and increase revenue. Find out how to launch promotional campaigns for your Airbnb listing.
- How to Prevent Parties - Matt mentions that parties are the worst nightmare for any host. This guide provides you with some guidelines you can apply to prevent parties in your listings.
- Complete Buying Guide to Top Guest Amenities - Find out how you can offer top guest amenities without hurting your budget. These hacks will help you source amenities at a reasonable price.
- Basic Photography - Quality photos are important for your listings. This can help attract future guests to your listings. The workshop will also teach you how to take Instagrammable photos of the entire place.
- Facebook Support Group - Connect with other like-minded individuals who share the same passion and goals as you. Learn from one another and get feedback from Matt and other members about your pricing strategy.
- Pricing Blueprint: Get access to Matt’s exact framework and template of his pricing methodologies. Use this formula to ensure you set the right price for your listings.
- BONUS: Lifetime access to the training recordings and resources!
Who is Matt Caissie's Airbnb Pricing Workshop for
What Do People Say About Matt Caissie's Airbnb Pricing Workshop?
There are a handful of positive reviews about the workshop from Matt and Airbnb. You can also find some video testimonials on the site. However, I cannot find any feedback about the actual workshop from other reputable review sites.
John Morris (Airbnb Host for 7 months)
“This is a great course! I’m so glad I found Matt. We have just started with Airbnb. My wife and I have only been doing it for about 6 or 7 months. But man, this course really opened my eyes. My places are booked! This really hit it for me. I’m going to follow you from here on out because it really opened my eyes to a lot of things. And this is what I’m going to do from here on out because if I would’ve known this, where would I be today.”
Heather Reseck (Airbnb Superhost)
“I’ve been doing Airbnb for quite some time. A lot of it is just self-taught. So, I wanted to learn more from somebody with more experience and continue being a Superhost with confidence. I wanted to have more clarity in what I was doing and make sure I’m on the right page. It was just helpful to have practical instructions and tips on that; otherwise, it’s going to be an overwhelming experience.”
“The course was a review for me on some things, but I also learned some new things. So, it really helped to improve my confidence level with my hosting. It also gives me clarity on some things that I wasn’t sure about. Matt was really helpful. He was my go-to person whenever I have questions. He really does a good job of researching and translating that into actionable items for those of us who don’t have the time to do it.”
Who is the Creator of the Airbnb Pricing Workshop?
Matt Caissie, the CEO and founder of Airbnb Uncovered, is the creator of the Airbnb Pricing Workshop. He is a 7-figure Airbnb Super Host, based in Toronto, Canada. Matt is also a speaker and now an educator, focusing on helping new Airbnb hosts grow their business. He has been featured on reputable networks, including NBC, Digital Journal, Fox and Market Watch.
Before Airbnb, Matt worked in a marketing department for years. On May 2015, Matt left his corporate job to focus on Airbnb hosting. Matt’s early success with the platform wasn’t really that surprising, since he had a strong marketing background. He has hosted over 3,500 guests, with an excellent rating of 4.92 out of 5 stars based on 1,678 reviews.
Matt is now helping other Airbnb hosts by sharing his insights on his YouTube channel and creating training programs. He has been invited to a few podcasts as well to share some tips about his experience with Airbnb.
What Do People Say About Matt Caissie?
Susan B. (Airbnb Superhost with 3 Listings
“When I met Matt, I was renting two of my three apartments out long term and living in one. With Matt’s help, I now rent all three apartments on Airbnb. As a single woman re-entering the world of business, it was important for me to build a network of strong advisors. Matt has been invaluable in helping me to understand the Airbnb app and how to best deal with the Airbnb staff.”
Sholom A. (Airbnb Superhost with 1 Listing)
“After my first meeting with Matt, I could immediately tell that he was nothing like the previous host I was working with. Matt places the guest at the heart of everything he does. He has templates and lists for everything. My wife and I found his purchase lists to be indispensable. In just a few short hours we had everything we needed to make guests feel welcome and right at home - without breaking the bank.”
Tamara L. (Airbnb Host with 1 Listing)
“After my first meeting with Matt, I could immediately tell that he was nothing like the previous host I was working with. Matt places the guest at the heart of everything he does. He has templates and lists for everything. My wife and I found his purchase lists to be indispensable. In just a few short hours we had everything we needed to make guests feel welcome and right at home - without breaking the bank.”
Anne F. (Airbnb Superhost with 3 Listings)
“I was most impressed by Matt's systems. It seems he's worked out a procedure for almost everything. From guest scripts to check-in instructions (Matt and I operate in the same building) to cleaning checklists. Also, Matt knows everything about how the Airbnb site works. He's helped me on numerous occasions to figure out how to get my listing settings just right. Matt has taken the idea of Airbnb's best practices to the next level. He will also constantly revise and update them too.”
5 Best Airbnb Pricing Tools to Maximize Your Profits
1. Beyond Pricing
This is one of the most popular Airbnb pricing tools today. It’s a user-friendly platform designed for rental owners or property managers to help them with price settings for their listings. You can easily integrate this software with popular websites, including Airbnb, VRBO, Flipkey and much more. Beyond Pricing is ideal for Airbnb vacation rental properties.
Key Features:
2. Pricelabs
PriceLabs is another popular property management software for rental property owners. Similar to Beyond Pricing, it also uses a data-driven pricing algorithm to suggest rates on your listings.
Key Features
3. Wheelhouse
This pricing software platform allows you to gain market insights and optimize pricing to maximize your revenue. It provides personalized pricing recommendations based on several factors, including market demand, local events and seasonal trends.
Key Features:
4. Smartbnb
Smartbnb is an all-in-one project management software that offers many useful features for Airbnb hosts. If you’re a property manager, you can also try this platform. Like most popular pricing software, Smartbnb also uses data-driven algorithms to set competitive rates based on market conditions. It can automate price adjustments in real-time to improve revenue.
Key Features:
5. AirDNA
AirDNA is another popular tool for short-term or vacation rental property owners. This platform can provide you with valuable market insights and tools to help you determine competitive rates for your listings. This platform allows you to analyze historical occupancy rate, average daily rate and average monthly revenue. Many real estate investors also use this tool because of its state-of-the-art features that provide valuable insights into the property’s rental demand, revenue growth, seasonality and regulation.
Key Features:
How to Optimize Your Airbnb Price
Perform comprehensive market research to understand competitive rates. You can create detailed comparable listings to keep track of price trends. Be sure to consider some key pricing factors when analyzing nightly rates. This includes the location, property size or the number of guests it can accommodate and amenities.
Identify the peak and off-seasons for your listings. Make adjustments to your rates based on high-demand periods. You may also offer promos or discounts during off-seasons.
Similar to peak season and off-season periods, consider adjusting your rates for weekdays and weekends. According to data, Airbnb hosts get more bookings during the weekends compared to weekdays, unless there’s a local event. So take this into consideration when adjusting your nightly rate.
Using dynamic pricing tools as I’ve listed above can help you determine competitive rates for your listings. These tools use state-of-the-art pricing algorithms that analyze demand, local events and market trends in real time.
This is a popular promotional strategy in Airbnb and other vacation rental property sites. Offering discounts for longer stays can attract potential guests who are looking for extended accommodations. Many hosts today use these promotions to increase their overall occupancy rates.
Start with a competitive base price that attracts guests. Keep in mind that guests usually have a budget in mind when searching for accommodations. That’s why it’s crucial to know how to balance your nightly rates for your listings.
Each review or feedback is crucial to your success. Pay attention to guest reviews and feedback to analyze how guests perceive the value of your listing. This will help you make necessary adjustments to your pricing strategy.
Check if you need to charge additional fees like pet fees or cleaning fees. These fees should be included in your computation to keep your base price competitive.
It’s important to keep track of your pricing strategy to analyze its effectiveness. This will help you make more accurate adjustments to your pricing system.
Is Matt Caissie’s Airbnb Pricing Workshop Worth Your Time and Money?
Yes, Matt Caissie’s Airbnb Pricing Workshop is worth your time and money. Looking at the training program’s coverage, you can definitely pick up a lot of valuable insights. Matt is also experienced in Airbnb hosting and has been successful so far in this journey.
His excellent Airbnb ratings speak volumes about his expertise. However, it’s hard to find reviews or feedback about the workshop from other reliable resources. That’s why I’d still recommend doing your due diligence when enrolling in this program. You should also know your objectives before purchasing his resource materials. Keep in mind that this workshop works best for those who are new to Airbnb. If you already have a strong Airbnb portfolio, then it’s better to look for more advanced courses.
Airbnb Pricing Workshop Alternatives
Local Lead Generation: Still The Better Investment Option Than Airbnb or STR Real Estate?
Airbnb remains the most popular platform for short-term and vacation rental properties. While this can be a lucrative income stream, I still prefer the local lead generation business model. It’s the better investment option because it requires lower startup cost, with a profit margin of 85 to 90%.
Since there are no physical properties in local lead generation, it requires less work, with lower maintenance costs. Airbnb’s overly saturated market has made it more challenging for new investors to stay on top of the competition. The revenue for STR or vacation rental properties is also seasonal. Local lead generation’s profitability is more predictable and you can easily maximize profitability by building multiple service sites.
