Cashflow Diary | Influenced By Robert Kiyosaki Of Rich Dad About Real Estate Investing, Cash Flow And Passive Income.

Questions and Answers   Our short term rental bookings have been plummeting recently and I’m not sure why. Am I discounting too early or too slow based on data?    You have to decide how far out in advance you want to be comfortable with for your bookings. To really know what’s going on you need to get the right data in front of you. In the case of the caller’s short term rental unit, the average number of guests is 4.1 with a 7 day booking window. Since all the data came from the one platform, one solution may be to get on additional platforms that will increase the booking window. If there is a conversion rate decline, the question becomes “what changed?”. If customer preference is what has changed, that may mean you have to adjust the way you are describing the rental and modify who you are trying to attract. It’s important to look at last year’s data as well so you can compare. If your conversion rate is down to 56% from 70% in Q4, maybe that’s what you should expect based on historical data. If you hav