@Donna240 I do the same thing.
I start about $119 up to like $150 a night at my place.
My bread and butter is weekends, golf/tennis, ladies weekends, music festivals and snow birds.
Five properties just popped on the market here that are charging $249-$350.
My listing is as good or better than all of them currently.
I don’t see that they are booked right now but I’m in a position to go as low as $89 a night and still make money if I have to get in a price war.
My mortgage is already paid for in 2018, so I’m in a good defensive position and I can punch back too by running low rates for a longer time if a price war breaks out.
I’m going to closely monitor these new listings and if they are actually getting these rates consistently, Momma is getting a big raise in 2018. Right now they have like one booking a month.
Just to summarize, you have to keep a close eye on the competition and they BEETER be watching us too.
‘You know it’s hard out here for a Host’