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.
WiFi is much more than just an amenity – these days, it’s more of a utility. Our society essentially exists on the internet now, so it’s safe to say that your guests need it. For that reason, a poor WiFi signal can amount to a major strike against your property’s ratings.
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.
Four or five years ago, the web was awash with articles featuring emphatic proclamations about fail-safe vacation rental retirement plans. Many of the headlines were presenting the idea of VR management as an unrealistic low-effort money-making scheme. Now that the smoke has cleared and the vacation rental industry seems to be approaching some sort of predictability, how have retirees actually fared in the business?
Starting a business is easy, staying in business is hard. And foreseeing, preparing for, and avoiding the pitfalls common to your industry is even harder. But, with a little help, you can actually cover all of your bases right from the start. That’s what we mean when we say “bulletproof”.
There’s a lot of security camera systems available for your vacation rental, so it’s understandable if you’re having difficulty choosing. Today we’ll take a look at a few key points to consider that’ll help you narrow your search.
Our very own trendsetting dynamic pricing application, Rategenie, has gone mobile!
Rategenie subscribers can now manage their rentals’ pricing strategies from the road. Alongside Tokeet Mobile, your VRM business has never been easier to run.
If there’s one single element of a vacation rental listing that can make bookings without the help of anything else, it’s the property photos. Likewise, if there’s a single element that can bring down an otherwise perfect listing, it’s the photos. So the question is – why wouldn’t you put effort into them?
Being a hands-on vacation rental owner and manager comes with numerous benefits. It’s enough to dedicate just a small portion of your time to improving your rental property to see a growth in profits. Not to mention the fact that if the apartment or home looks good, you won’t have any problems finding guests.
When it comes to vacation rental properties, it’s all too common for owners to spend all of their efforts decorating the interior and leave the outdoor space as an afterthought. It’s unfortunate, as it’s a missed opportunity to improve your listing appearance and customer experience without breaking the bank.
