There’s a lot of info out there covering vacation rental management, so it can often be hard to separate the wheat from the chaff. For those just entering the business, working with poor advice or inflated expectations is a precursor to failure. We here at Tokeet have a vested interest in your success – so we know just what you need to get there!
Now that 2019 is rolling along without major incident, perhaps it’s time to assess the industry’s foothold again. The vacation rental industry is still new, and its growth has been meteoric to say the least – but is it liable to taper off any time soon?
A frequent concern among VRMs is whether or not their list of amenities has an effect on booking rates. To settle your minds, there aren’t many make-or-break vacation rental amenities. When it comes to short-term rentals, guests are much less likely to discount a property over its lack of non-essential items.
If you’ve been in the vacation rental business for more than 10 seconds, you’ve probably heard about direct bookings. It’s the preferred mode of booking by vacation rental managers – but why? It’s about much more than eliminating booking fees.
With the new year fast approaching, we return to a news piece that first broke in July 2017. Various news and VRM-centric outlets were reporting on Google’s intentions to enter the vacation rental market. VRMintel included an insider quote stating a wide-release was likely coming in 2018. So what was it and where is it now? And, more importantly, how will it affect us?
As a rental manager, you know the importance of having a quick and easy booking process. So, naturally, many choose to forego rental contracts to ensure there’s one less hoop your guests have to jump through. Luckily, that’s no longer an issue with electronic signature applications.
Every good business owner knows that you have to invest in your employees if you want to grow. That doesn’t just mean paying them more (that’s always great for improving your turnover rate though). You need to give them the tools they need to excel in their role and take on new responsibilities. For this, you’ll need some high quality vacation rental training resources.
