Rates and Pricing

Pricing Strategy

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Texas Corporate Homes employs a pricing strategy designed to ensure competitive rates while maximizing returns for your property. During the onboarding process, estimated nightly rates are provided based on:

• Size, location, quality, and condition of the property.
• Historical performance of comparable properties within the portfolio.

Nightly rates are set within a range and are adjusted to achieve the highest possible rates. Several factors influence the final rate:

• Lease length: Longer leases may have adjusted rates.
• Vacancy length: Flexibility in rates can help reduce downtime.
• Guest budget constraints: Some guests operate within specific budgets, impacting final agreements.

The approach balances maximizing revenue while maintaining high occupancy for each property.

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Owner Control Over Pricing

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Property owners have the ability to set a minimum nightly rate for their properties. While this ensures alignment with financial goals, setting a higher minimum may result in passing on leases that fall below the threshold.

Important considerations for pricing control include:

• Leasing process speed: Decisions often occur quickly, so individual contact for each lease is not feasible.
• Rate visibility: Minimum and maximum rates being advertised can be reviewed anytime through the owner dashboard.

By setting a thoughtful minimum and leveraging Texas Corporate Homes’ expertise, owners can align pricing with their goals while ensuring efficient tenant acquisition.

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