Every day, we do PriceLabs training sessions during office hours where we cover how to use PriceLabs and best practices! These trainings are held in English, Spanish, French, and Portuguese. We run two levels of training sessions.
PriceLabs Basics | Account Set Up
If you recently created a PriceLabs account, this 45-minute onboarding will help you start by setting up your listings for success. We recommend that you do this session in your first week of using PriceLabs (and also, as a refresher maybe after 3-6 months of using PriceLabs).
During this session we cover the following topics:
How PriceLabs comes up with rate recommendations
Setting a base and minimum price for your listings
Dynamic minimum stays
Managing rates day to day
Syncing rates to your PMS
This session is highly recommended for every user!
Level Up Your Pricing Strategy
This training session is to make your pricing strategy by helping you identify your strengths and challenges so you can adjust your strategy as needed. The prerequisite for this session is that you have either attended PriceLabs basics training or are familiar with most basic concepts covered during that session.
During this session, We’ll cover a variety of key features, including:
- Performance Metrics
- Neighborhood Data
- Key Performance Indicators
Understanding Market Dashboards
During this session, we will discuss how to use PriceLabs Market Dashboards to build a profitable business.
We will cover:
- How does a Market Dashboard work?
- Understanding various terminologies used
- Analyzing Key Performance Indicators (KPIs), creating a comp set, Price and Occupancy Trends, and many more factors
Understanding Portfolio Analytics
Portfolio Analytics is a free real-time reporting system showing important KPIs and unit-level performance data.
You can use it to get a high-level overview of how things are going, build your revenue strategy, identify underperforming listings, and compare them against the market.
We will discuss the following:
- Various KPIs and what they mean
- Trends by stay date
- Comparing against the market