Normal CrashPad vs. Semi-Private vs. Private Rooms
How to price your CrashPad…
Traditional / normal CrashPads generally go for between $200 – $400 per bed and have bunk-beds. ✅
Aircrew generally pay for amenities and distance from the airport. They are looking for convenience and affordability. ✅
I once stayed in one CrashPad that had 5 bunk beds (10 spots) in 1 room. 😳 But as most CrashPaders know, there was never more than 2 – 3 people there at the same time.
Pilots will often pay more for a private or semi-private room, as they more often make much more money than the flight attendants.
Single Bed vs Bunk Beds
Let’s run through the numbers together….🤓
If someone is trying to rent a private or semi-private room for let’s say $500. That’s $500 bucks income IF you can rent the room.
If you put in 2 bunk beds (4 spots) in each room and charged $275 per spot, that would be $1,100 per room.
* 120% more revenue with bunk-beds over a single bed.
Listing Whole Property
Be careful how you list the pricing. If CrashPad Seekers see a price like $950 or $1,500 they will most likely scroll past your place! 😬
If you are trying to rent an entire apartment you should NOT put the rent amount for the entire CrashPad, use the Price Range.
Put the Price From: as how much 1 bed would be, and Price To: as the rental amount for the whole property.
“Charging by the night
For CrashPads that charge by the night. This is not as common as you would think.
It sounds like a good idea, like booking a hotel room, but generally people don’t want random visitors showing up their property.
So in practice CrashPad owners or property managers will often have, let’s call it a “membership fee” to be a “member” of the CrashPad (after employment ID, basic rental lease or whatever have been established) and then pay by the night.
Please drop us a line if you have any questions or want to brainstorm on what might work for your property.
We’re always here and happy to help! 😃