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Phoebe De Riggs

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Any experienced short-term rental manager knows that cancelations can mean a lot more than losing a few days of revenue. A canceled booking means you have to make an effort to fill the rooms on short notice, often at cut rates. It also means you’ll have to contact housekeeping and other associated staff to let them know of the changes. A booking that’s made on a weekend or holiday could potentially ruin your chances of making a more desirable booking simply by blocking dates before being canceled.

As a business owner, you probably know how hard it is to get help with something you’re uncertain of without being bombarded by sales pitches. Content marketers have virtually monopolized any subjects you may consider informative or educative. This can be extremely frustrating when you’re just searching for some unbiased answers.

Just five weeks after announcing their partnership with Vacasa, Google’s new vacation rental venture has hit a roadblock. In order for Google’s listing platform to establish itself, it needs some early adoption help from VR industry giants. Up until a couple days ago (Oct 8), it appeared as though they had their foot in the door through cooperation with Booking Holdings and its subsidiaries.

One of the best things about short-term rental schemes is that it allows blue collar people the chance to own and maintain a second property. Most people would never be able to justify taking a mortgage on another home or tying up their savings in real estate without a return expected. This leads to a lot of people searching for properties in their ideal vacation spots, often outside of their home countries.

Everyone who owns or manages vacation rentals will quickly become familiar with their seasonal traffic. After the first couple years of operation, you may find yourself wondering if there’s anything to do to remedy your seasonal slumps. It can be extremely frustrating knowing there’s a beautiful property sitting vacant.

Setting effective and profitable rates is a major hurdle for vacation rental owners and first-time managers. And rightfully so, it’s a big subject that requires research and constant monitoring. Of course, it’s possible to set a flat rate that guests find fair and allows you to make a profit. But your occupancy will be severely limited, and success is certainly short-lived.