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Case Study

Mark in Ohio

Mark runs one of Ohio's largest short-term and mid-term rental operations. With Foundry, occupancy on the listings active in both periods rose from 63% to 76%, the book extended its lead over the market to 56% on revenue index, and whole-portfolio revenue grew 67% to $3.9M as the operation scaled to 83 tracked listings.

Year Over Year, Whole Portfolio
Mark revenue before and after Foundry Bar chart comparing 12-month stay-date revenue: $2.3M before Foundry versus $3.9M after, a +67% increase. $2.3M BEFORE FOUNDRY $3.9M AFTER FOUNDRY +67%
Listings 62 to 83
Oct 2023 to Sep 2024 vs Aug 2025 to Jul 2026, stay-date revenue
Revenue held near flat on the same 41 listings, $2.1M to $2M, while occupancy on them rose from 63% to 76%
The book earns 56% above its market on revenue index, up from 50% before the most recent year
After listing optimization work, a flagship that had underperformed for a year posted its best year on record
Verified Results

Results in Numbers

Monthly Revenue, Same Listings

Mark monthly revenue Bar chart of monthly stay-date revenue for Mark from Oct '23 to Jul '26, indexed to the average month before Foundry onboarding. Foundry starts Oct '24. The highest month reaches 1.6x the pre-Foundry average. A data table follows this chart. 0x 0.5x 1x 1.5x 2x Oct '23Jan '24Apr '24Jul '24Oct '24Jan '25Apr '25Jul '25Oct '25Jan '26Apr '26Jul '26
Monthly Revenue, Same Listings
MonthRevenue vs average pre-Foundry month
Oct 20231.0x
Nov 20230.8x
Dec 20230.8x
Jan 20240.5x
Feb 20240.6x
Mar 20240.8x
Apr 20241.3x
May 20240.9x
Jun 20241.3x
Jul 20241.5x
Aug 20241.4x
Sep 20241.1x
Oct 20241.0x
Nov 20240.9x
Dec 20240.7x
Jan 20250.5x
Feb 20250.6x
Mar 20250.9x
Apr 20250.9x
May 20251.2x
Jun 20251.3x
Jul 20251.6x
Aug 20251.6x
Sep 20251.1x
Oct 20251.0x
Nov 20250.8x
Dec 20250.8x
Jan 20260.6x
Feb 20260.5x
Mar 20260.8x
Apr 20260.8x
May 20261.1x
Jun 20261.3x
Jul 20261.5x
Monthly stay-date revenue, Oct 2023 to Jul 2026, indexed to the average pre-Foundry month (1x).

Year Over Year, Same Listings

Mark revenue before and after Foundry Bar chart comparing 12-month stay-date revenue for Mark: $2.1M in the 12 months before Foundry onboarding versus $2M in the 12 months after, a +-2% increase. A data table follows this chart. $2.1M Before Foundry Oct 2023 to Sep 2024 $2M Last 12 Months Aug 2025 to Jul 2026 +-2%
Year Over Year, Same Listings
WindowRevenueOccupancy
Before Foundry (Oct 2023 to Sep 2024)$2.1M63.7%
After Foundry (Aug 2025 to Jul 2026)$2M70.8%
Comparing the 12 months before Foundry onboarding (Oct 2023 to Sep 2024) with the most recent 12 months (Aug 2025 to Jul 2026), stay-date revenue.
The Complete Story

Monthly Revenue, Whole Portfolio

Mark monthly revenue Bar chart of monthly stay-date revenue for Mark from Oct '23 to Jul '26, indexed to the average month before Foundry onboarding. Foundry starts Oct '24. The highest month reaches 3.3x the pre-Foundry average. A data table follows this chart. 0x 1x 2x 3x 4x Oct '23Jan '24Apr '24Jul '24Oct '24Jan '25Apr '25Jul '25Oct '25Jan '26Apr '26Jul '26
Monthly Revenue, Whole Portfolio
MonthRevenue vs average pre-Foundry month
Oct 20230.9x
Nov 20230.7x
Dec 20230.7x
Jan 20240.5x
Feb 20240.6x
Mar 20240.8x
Apr 20241.3x
May 20241.0x
Jun 20241.3x
Jul 20241.6x
Aug 20241.5x
Sep 20241.1x
Oct 20241.2x
Nov 20240.9x
Dec 20240.8x
Jan 20250.6x
Feb 20250.7x
Mar 20251.1x
Apr 20251.1x
May 20251.5x
Jun 20251.8x
Jul 20252.2x
Aug 20252.3x
Sep 20251.5x
Oct 20251.4x
Nov 20251.2x
Dec 20251.1x
Jan 20260.9x
Feb 20260.9x
Mar 20261.4x
Apr 20261.4x
May 20262.1x
Jun 20262.7x
Jul 20263.3x
Monthly stay-date revenue, Oct 2023 to Jul 2026, indexed to the average pre-Foundry month (1x).
Including Every Listing Added

Year Over Year, Whole Portfolio

Mark revenue before and after Foundry Bar chart comparing 12-month stay-date revenue for Mark: $2.3M in the 12 months before Foundry onboarding versus $3.9M in the 12 months after, a +67% increase. A data table follows this chart. $2.3M Before Foundry Oct 2023 to Sep 2024 $3.9M Last 12 Months Aug 2025 to Jul 2026 +67%
Year Over Year, Whole Portfolio
WindowRevenueOccupancy
Before Foundry (Oct 2023 to Sep 2024)$2.3M34.5%
After Foundry (Aug 2025 to Jul 2026)$3.9M58.7%
Comparing the 12 months before Foundry onboarding (Oct 2023 to Sep 2024) with the most recent 12 months (Aug 2025 to Jul 2026), stay-date revenue.

Scaling Fast Without Losing Pricing Discipline

Mark and his business partner run one of Ohio’s largest short-term and mid-term rental operations. Their market moves with the sports calendar: home games fill weekends in September, then demand thins as the weather turns.

They were never standing still. At one point in 2025 they had eight new properties in the pipeline at once. Rapid expansion is exactly when pricing usually slips, because every new listing launches with no reviews, no history, and a calendar to fill.

The Foundry Partnership

They signed in August 2024 and Foundry went live that fall across a portfolio of 62 listings. The playbook was built for an event-driven city and a constantly growing unit count: multi-night minimums on game weekends that release 30 days out if unbooked, aggressive weekday discounts in the shoulder season to build momentum, and rate increases once a month enters with healthy occupancy on the books.

The team also went beyond pricing, working through listing optimizations with Mark on underperforming properties.

“Last year was its best year by far, and it’s been killing it this year as well.”

- Mark, on a flagship property that had underperformed for a year before the optimization work

How We Measure This

The headline compares the 41 listings that earned revenue throughout both periods: the twelve months before onboarding, October 2023 through September 2024, against the most recent twelve, August 2025 through July 2026. The portfolio grew to 83 tracked listings during the engagement, so whole-portfolio figures are reported separately.

The Results

On the same listings, revenue held near flat, $2.1M to $2M, in a stretch where two other measures moved sharply. Occupancy on the listings active in both periods rose from 63% to 76%, thirteen points of calendar the market was not filling before. And the book’s revenue index against its market rose from 150 to 156: these listings earn 56% more than comparable homes around them, and the lead widened.

The growth landed at the portfolio level:

  • Whole-portfolio revenue up 67%, $2.3M to $3.9M, while scaling to 83 tracked listings
  • Occupancy up 13 points on the original book
  • Revenue index at 156, extending an already dominant market position

“I appreciate, you know, the attention you guys put on, put on everything for us.”

- Mark

Where the Portfolio Is Now

At 83 tracked listings, Mark and his partner are still building. They are underwriting a boutique hotel with revenue analysis support from our team, tightening their P&L forecasting, and feeding new properties into a pricing system that has already proven it can keep pace.

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