What was the scope of their involvement?
Foxbox Digital is working on three projects for us. We developed our own pricing tool because we felt current market tools are lacking in certain aspects. We want something that's tailored to our own theories. Foxbox Digital helped us develop a dynamic algorithm for pricing throughout the year. It updates all of our properties for us without us having to go into each rental website and manually set the price. We also want to tackle the issue of availability. For example, the farther out the date is, we want to force longer bookings to fill up the calendar. The tool they created will drop those restrictions and allow people to book shorter stays as the date gets closer. The third project addresses when we have a gap between two bookings. The tool will open the calendar and allow one-day minimum booking. The tools that Foxbox Digital are developing automate all these tasks without us having to do much besides set the correct variables.
In addition, they’re helping us with our financial tracking. Each property has an owner that needs to be paid. We first need to take out the taxes, commission fees for each website, and our management fee. The tool tracks reservations for each individual listing and pulls the appropriate numbers to determine the payout for the owner. Next, they connected it to Stripe so now we have the ability to actually pay the owners from the same tool. This is all web-based right now on the Heroku cloud platform. They also use Python, Django, Docker, and Kubernetes.
What is the team composition?
Rob (Founder, Foxbox Digital) did a lot of the early work on the tool and looked everything over. Jasmine (Senior Project Manager, Foxbox Digital) is my main point of communication and she has a team of two developers.
How did you come to work with Foxbox Digital?
I can't answer that because they were hired before my time. Jasmine actually used to be part of our team so I think she was our connection to Foxbox Digital.
How much have you invested with them?
We’ve spent between $40,000–$50,000.
What is the status of this engagement?
This project started in September 2018 and work is ongoing.