This is a tricky one. There’s been a long-standing debate over what investment is better and gets the most returns: real estate or stocks?
And the answer most people get can be a bit frustrating because it’s in the it depends realm. Unfortunately, it’s the truth; it really does depend. The different characteristics of each investment, combined with the person investing (in this case, you), can affect the returns.
It’s almost a paradox: travelers want alternative accommodations to hotels, yet expect the same level of services.
And, when it comes to cleanliness, they have every right to. From their perspective, they are paying for a service, which in this case is using your vacation rental in exchange for a fixed price. Waiting for them with a clean home is the least any rental owner can do.
But it can be difficult to keep up with the vacation rental cleaning routine, particularly if you also have a day job. So, what’s the solution? A team of professionals that will make your vacation rental spotless and up to any guest’s standards.
TripAdvisor is a mega player in the travel and hospitality industry. 60% of surveyed travel consumers worldwide have booked trips after visiting TripAdvisor site and researching areas and accommodations on the platform.
From the consumer or traveler’s point-of-view, TripAdvisor is an excellent source of information that can help them decide where to book their next vacation or business trip.
However, there are issues with the TripAdvisor platform, and the company is seeking to remedy these problems, and bring more clarity and insight into the travel and accommodation industry.
Before unveiling their new social media plans, TripAdvisor was having problems with false and unverified reviews proliferating across the platform. Not only did this needlessly damage otherwise good vacation rental business’s reputations, it also damaged TripAdvisor, too.
If your vacation rental regularly hosts families with children, then you have some preparing to do. A lot of owners think that surprising the visiting child with some sweets or a toy is enough to close this case, but it’s really not.
So, you want new furniture to take your vacation rental decoration to a new level. But where do you start?
Well, these days you can start online, as there are loads of amazing websites out there with selections for any budget. Not to mention, you can even get extra perks like free shipping or getting the new furniture right at your doorstep.
Vacation rental management probably takes most of your time. You are always working to ensure that the property is clean and fully equipped. You’re also busy promoting your listing and thinking of ways to attract guests.
There’s no denying that a lack of space is one of the first thing guests will notice upon arrival. In fact, one of the few objective terms used to describe properties is “spacious”. But, what if you don’t own a huge villa with a garden and swimming pool but a small studio. Can you still rent it? Of course!
Here’s an original Netflix reality show that lets you learn more about the short term rental market. We’re talking about “Instant Hotel,” a series that took over in the vacation rental management themed reality genre.
It’s a strategy that seems like an obvious winner: buy property and get back your investment (and then some) by renting it. But is it really a good business strategy?
