A representative 3-bedroom short-term rental property in the Lake Michigan / Western MI area. Not the listing described in this case study.
CASE STUDY 3 BR Norton Shores, MI · Lake Michigan / Western MI

Tripled summer pacing on a 3BR Lake Michigan home, and on track to match a strong 2025.

+189.1% Jun to Aug 2026 vs. same point 2025 +$23,419 booked

Representative image, generated for illustration. Properties are not identified.

Owner

Thea

Tenure

8.2 mo

Onboarded

Aug 2025

Period

Jun to Aug 2026 (OTB pacing)

vs. STLY

+189.1%

+$23,419

MPI

1.29x

vs. 44% mkt occ

OTB Revenue

$35,802

STLY: $12,383

ADR

$689

STLY: $590 (+16.8%)

June to August 2026 booked pacing versus the same point in 2025, not earned revenue. Full method.

The on-track-to-match story

The headline for this 3-bedroom lake home in Norton Shores, Michigan is not the +189% pacing lift. It is how close the calendar already sits to last year’s full-summer revenue.

Final June to August 2025 revenue was $36,030. As of the May 2026 data pull, OTB pacing for the same window is $35,802, within 0.6% of last year’s complete number, with peak weeks still in the booking window. That is a matching-while-leading-the-market story rather than a lift story.

The Market Penetration Index sits at 1.29x, solidly market-leading. August specifically is pacing at 1.55x MPI on $10,365 booked revenue, vs. just $1,313 same-time-last-year. Late summer in a Lake Michigan submarket typically softens. This calendar is doing the opposite.

The multi-property operator angle

The owner runs a small multi-property STR business with RevFactor-priced listings in more than one market. That cross-market visibility is part of what makes RevFactor’s playbook compound for portfolio operators: pricing learnings from one submarket inform positioning in another, and the same revenue-management cadence runs across every property in the portfolio.

This case study is not only “what works for a single Lake Michigan listing.” It is “what works when the same operator wants the same discipline across a small portfolio.”

What changed

Without disclosing owner-specific configuration:

  1. Two-cycle ADR climb. Same pattern as the rest of the summer 2026 set: $494 final 2025 to $590 STLY to $689 OTB (+39% over 24 months). Rate moved up, the comp set followed, and occupancy held.
  2. Booking-curve discipline. OTB occupancy at 56.5% with months of booking window left means bookings were captured early at premium rather than waiting for last-minute walk-up rates.
  3. Late-summer minimum-stay flexibility. August’s 1.55x MPI on 51.6% OTB occupancy (vs. 6.5% same-time-last-year) suggests minimum-stay rules opened up where the comp set was over-restricting, capturing the 3- and 4-night bookings the rest of the market was filtering out.

Comp window detail

WindowOTB RevSTLY Rev$ LiftOTB OccOTB ADRMPI
June 2026$9,069$2,946+$6,12353.3%$5671.30x
July 2026$16,367$8,124+$8,24364.5%$8181.13x
August 2026$10,365$1,313+$9,05251.6%$6481.55x
Summer total$35,802$12,383+$23,41956.5%$6891.29x

What it costs

RevFactor manages this property at a flat $350 per month, plus a one-time $150 onboarding fee. The +$23,419 in on-the-books summer lift covers the onboarding fee and about 66 months (five and a half years) of management fees. And the calendar is still booking.

A note on these numbers

OTB = on-the-books revenue committed as of the May 2026 data pull. STLY = same-time-last-year. LY = final 2025 revenue for the June to August window. These are booked pacing figures, not earned revenue, and this page will be updated to earned results once the summer closes. Past performance is not indicative of future results.

Method

Figures on this page are booked pacing (on-the-books revenue as of the May 2026 data pull) versus the same point in 2025, not earned revenue. They will be updated to earned results once the summer closes. The property is identified by size and market, and the owner by first name only. The photograph above is representative of the property type and region and does not depict this listing.

How this was measured

Property: 3-bedroom in Norton Shores, MI (Lake Michigan / Western MI). Onboarded: August 2025, 8.2 months of tenure at measurement. Window: June to August 2026 booked pacing (on-the-books revenue as of the May 2026 data pull) against the same point in the 2025 booking curve.

OTB (on-the-books):
revenue already committed via confirmed bookings for the window, as of the pull date.
STLY (same-time-last-year):
what the calendar held a year earlier for the same future window.
LY (last-year final):
final realized revenue for the same window in 2025.
MPI (Market Penetration Index):
the property's booked share divided by its fair share of the comp set. 1.00x paces the market; above 1.00x leads it.
ADR (average daily rate):
average price of booked nights.
Occupancy:
booked nights divided by available nights. "Mkt occ" is the comp set's average for the same window.

Cost: flat $350 per month plus a one-time $150 onboarding fee, no percent of revenue. The booked lift shown above covers the onboarding fee and about 66 months of management fees.

YOUR NUMBERS, NEXT

What would your comp-set look like after a strategy call?

A 30-minute strategy call. We pull your comp-set, walk through where pacing is leaving money, and tell you whether RevFactor is the right fit. No pitch deck.

Book a strategy call →