A Revenue IQ Client Case Study
Client: Steve, Short-Term Rental Host
Location: Hampshire, UK (formerly London)
Background
Steve began his short-term rental journey in September 2023 after moving from London to Hampshire. With a property located in Shepherd’s Bush, a prime area near the largest shopping center in Europe, he expected substantial income.
Initially, he hired a highly recommended property manager specializing in short-term rentals in London, but the results were underwhelming despite the prime location and the brand-new condition of the property.
Challenge
After a few months of mediocre results, Steve decided to manage the property himself. While he saw some improvement using Price Labs, his revenue still fell short of expectations, averaging £5,000 to £6,000 per month.
Solution
In search of better performance, Steve turned to IntelliHost’s Revenue IQ. The key attraction was the pay on results model, which meant Steve only paid for the additional revenue generated above his existing income. This no-risk proposition convinced him to give Revenue IQ a try.
Implementation
Steve started with one property at the beginning of the year. Revenue IQ’s system, overseen by the team at IntelliHost, began delivering results almost immediately. Impressed with the initial success, Steve added his second property to the platform.
Results
The transformation was swift and substantial:
- Initial Property: Revenue jumped from £5,000-£6,000 per month to £12,000 per month within six weeks.
- Second Property: Achieved near full occupancy with just one vacant day in June and July, pushing combined monthly revenue close to £20,000.
Impact
Revenue IQ not only increased Steve’s income dramatically but also optimized his property listings to improve click-through rates. This optimization played a crucial role in maintaining high occupancy and revenue levels.
Conclusion
Steve’s experience with Revenue IQ has been exceptionally positive. The significant and immediate revenue boost, combined with expert guidance from IntelliHost, led to a transformative outcome for his short-term rental business.
Steve highly recommends Revenue IQ for its effectiveness and the dedicated support from the IntelliHost team.
Testimonial
“My results were almost instantaneous. As soon as I had it all set up, the bookings started coming in, and I am at least 95% capacity. I’m incredibly happy with Revenue IQ and everything that Sam and the guys have helped me with.
They gave me some very simple tweaks to improve my listing and improve the click-through rate, and it’s all worked perfectly. So yeah, I would highly recommend IntelliHost and Revenue IQ.” – Steve
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