With its vibrant promise of passive income and newfound financial freedom, the vacation rental industry has grown exponentially in the last decade. As more and more homeowners jump onto platforms like Airbnb and VRBO, it’s become crucial to understand the lurking uncertainties. Here’s a comprehensive breakdown of five significant risks and how to navigate them … Read more
The offseason can be a challenging time for vacation rental owners and property managers. The tourist buzz fizzles out, and the high frequency of short-term rentals diminishes. However, the need to keep revenue flowing remains. One increasingly popular solution to this challenge is focusing on mid-term rentals, typically ranging from 30 to 120 days. These … Read more
Running a vacation rental business involves juggling many tasks, from property management and marketing to guest communications. However, cleanliness is one aspect that significantly impacts guest satisfaction and, consequently, your reviews and repeat business. Finding the right cleaning service is crucial for maintaining a high standard for your properties. Here’s a detailed guide on how … Read more
Navigating the Airbnb review system can sometimes be a bit confusing for both hosts and guests. Reviews are crucial on Airbnb—they help build reputations, ensure transparency, and often influence booking decisions. Here, we’ll explore who should review first, the timing involved, and the potential impact of these reviews on both hosts and guests. It Doesn’t … Read more
If you’re an avid traveler or even someone looking to escape for the weekend, you may have wondered, “Are Airbnb prices negotiable?” The answer is a resounding yes! Unlike traditional hotels with fixed pricing models, Airbnb provides a platform for interaction between guests and hosts, opening the door for potential price negotiation. Here’s how you … Read more
A vacation rental is meant to be a place of relaxation and escape, but sometimes even the simplest things can cause stress and frustration. One of these things is trying to access the wifi during your stay. A weak or complicated wifi password can quickly ruin the vibe of your getaway, so it’s essential to … Read more
I often get asked what tools I use for managing our vacation rentals. Commonly referred to as a “tech stack.” Instead of answering “what do you use for dynamic pricing” or “what do you use for property management software,” I’m just going to throw the kitchen sink at you. We use all of these. They … Read more
Airbnb is a popular vacation rental platform that allows individuals to rent out their properties to travelers from around the world. If you’re a host looking to maximize your income and improve the guest experience, a number of tools can help you optimize your Airbnb listing. These tools can help streamline the hosting process and … Read more
Happy Thursday! Today’s message….. Is now a bad time to buy a short-term rental? A loaded question, right? There are a few reasons you might think it’s a bad time to buy. 1. Housing market is softening. 2. Interest rates are going up. 3. Recession is coming. These are all valid concerns. Housing prices seem to be coming down. Obviously, real estate is so … Read more
As STR hosts, we know that cleaning is one of the most important parts of our business. One aspect that many hosts struggle with, is scheduling and managing the cleaning crews/individual cleaners and making sure cleaning is being done well in a timely manner. Some of the things to keep in mind when you are … Read more