Unit 2 Review

Question 1

Why do I need a channel manager?

Answer 1

The channel manager is the central hub of your business and is paramount to the E.O Framework.

Question 2

What are the main functionalities of a channel manager?

Answer 2

Sync calendars, unified inbox, auto-messaging, auto cleaner scheduling and tasks, payment processing, Nightly rate & minimum stay automation.

Question 3

What are the 2 things by channel manager needs?

Answer 3

API sync with the 3 major booking channels and a direct integration with pricelabs

Question 4

What is the difference between an iCal calendar sync and an API sync

Answer 4

iCal can take from 15 mins to 24 hours to sync (AKA crap). API is instant.

Question 5

I have 3 listings and don’t want to scale, which channel manager would you recommend?

Answer 5

Guesty for hosts. However, you should always do your own research to make sure it suits your unique needs

Question 6

I have 3 listings and want to scale, which channel manager would you recommend?

Answer 6

HostAway. However, you should always do your own research to make sure it suits your unique needs

Question 7

I have 5 listings and don’t want to scale. Which channel manager would you recommend?

Answer 7

HostAway. However, you should always do your own research to make sure it suits your unique needs

Question 8

What is the difference between Guesty for Hosts and Guesty

Answer 8

Guesty for hosts is for operators with 3 or less listings. Guesty is for professional hosts with more than 3 and has a lot more functionality.

Question 9

Do we recommend Guesty (not guesty for hosts)?

Answer 9

No, we’d generally recommend HostAway for those with larger portfolios

Question 10

What is the major difference between HostAway and Guesty for Hosts?

Answer 10

HostAway generally has more functionality and has a team function for your cleaners, guest communication team and other team members as you scale. It also has an owners dashboard for if you’re co-hosting.

Question 11

What is the main benefit of using a channel manager?

Answer 11

To save you time, especially as you start to get more bookings.

Question 12

What is the benefit of going ‘Multi-Channel’?

Answer 12

Increase your exposure by 5-7X & decrease your risk

Question 13

How do I sync all 3 channels together?

Answer 13

Through the channel manager.

Question 14

How can I reach out to get support when in the program?

Answer 14

Attend the group coaching calls or email support@beyondbnb.io

Question 15

What is the difference between a weighted average decision matrix and a pro’s and cons list?

Answer 15

One is qualitative and the other is quantitative.