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How do I set my nightly rate?

Last Updated: Feb 19, 2016 03:09PM EST
We're happy to help determine rental price. A basic formula would be to look at monthly rents in the area, and divide by 30 (number of days in a month) and that figure is a rough starting point to play with. For example, for an average rental price of $4500 a month, we would suggest a base rate of $150 per night. Of course, there are many variables to consider, like desirability of neighborhood, amenities, hotel prices in the area, and most importantly, your own magic number that makes it worthwhile to open your doors. You could also consider raising the rates during peak travel periods (school breaks, holidays).

We suggest viewing Kid & Coe for comparable properties in your area to help determine market rates. You can also consult or for an idea of comparable rents.
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