Property Managers work closely with Property Owners offering hassle-free hosting, solving concerns and proposing the best solutions for maximum return on their vacation rental investment. Solutions such as automating distribution! But how do property managers solve owners’ concerns about advertising on instant booking while using a Channel Manager?
Since revenue management was introduced over 40 years ago, travel companies like airlines and hotel chains have developed advanced techniques, software and analytic tools to help build successful revenue strategies. Maximizing profit through price variation is crucial for vacation rental businesses nowadays! If you haven’t figured out your strategy yet, you’ll find here the 7 Essentials of Vacation Rental Revenue Management to get started!
Choosing the right Vacation Rental Software to manage properties is a major decision for every professional in our industry. Aside a Channel Manager for marketing and distribution you may need a property management system (PMS) to manage operations and more. Depending on your business model and requirements, you could be looking for a PMS software to automate day-to-day tasks such as guest communication, housekeeping, centralize reservations, accounting and reports. Or you could be looking for more advanced options like building a new website, SEO and content management, advanced analytics, taxes, even reporting to local authorities. Here’s a list of Top 40 Vacation Rental Software providers (in no particular order) you can choose to sync with Rentals United.
Numerous large vacation rental management companies started out as small endeavors, perhaps with a few family-owned holiday homes, and steadily grew into successful established brands. Along the way, they tried various strategies to acquire new vacation rental properties, developing a structure around owners’ needs and building a strong reputation of their own. Read below for 6 proven ways to Increase your Property Management Portfolio used today by top property managers. Why not apply them right away?