Automated Rate Tool

The Automated Rate Tool (Art) from Rented is a dynamic pricing software solution specifically designed for vacation rental managers. According to the vendor, Art helps managers optimize pricing for each property, maximizing revenue for both managers and homeowners. The software is suitable for vacation rental managers of all sizes and caters to professionals in the hospitality industry, including revenue managers, property owners, property management companies, and vacation rental managers.

Key Features

Base Rate: Art utilizes market data to suggest an optimal base rate for each property. This foundational rate serves as the starting point for pricing recommendations, ensuring accurate and competitive pricing for vacation rentals.

Seasonality Adjustments: Users can easily customize the seasonality curve to align pricing with their property's sensitivity to market changes. This feature provides flexibility for personalized pricing models based on each property's unique characteristics.

Easy to Use Tape Chart: The Tape Chart feature allows users to quickly adjust pricing strategies for multiple consecutive or non-consecutive days. Users can effortlessly modify rates for weekends, whole months, or any desired timeframes with ease and efficiency.

Tags: Art provides users with the ability to sort, filter, and make changes to groups of properties using built-in filters or custom tags. This feature streamlines the process of adjusting pricing for specific groups of listings with a single action.

Custom Rates: Users have the flexibility to set fixed or percentage adjustments to specific listings or dates, enabling precise customization. For example, users can easily increase weekend rates by 10% for two-bedroom properties in June.

Min Rate and Maximum Rate: Art allows users to set minimum and maximum rates per day to optimize pricing. Users can define the minimum amount they want to earn per day or set a maximum rate to avoid overpricing, according to the vendor.

Time-based premiums and discounts: Users can add up to 10 layered time-based premiums or discounts to their pricing. This feature provides the ability to easily adjust rates based on specific time periods, such as applying a 10% rate increase after 30 days or gradually decreasing rates by 10% over 5 days.

Groups for Similar Listings: The Groups feature enables users to manage similar properties by creating pricing rules and a customized view for efficient management. Users can apply pricing adjustments and rules to a group of properties, simplifying the management process.

Dynamic Min Stays: Users can set default minimum stays for different scenarios, such as global minimum stays, weekend minimum stays, close minimum stays, and far minimum stays. Art also allows users to override these settings for specific dates, providing flexibility in managing minimum stay requirements.

Metrics: Art provides users with occupancy rate data for their listings in the next 7, 30, and 90 days. Additionally, users can access occupancy and average daily rate (ADR) data for comparable listings, enabling them to make informed pricing decisions.