All successful property managers use smart pricing strategies as a part of their revenue management strategy. Want to learn from them? Check out the top 3 vacation rental pricing hacks that will help you optimise for occupancy and maximise profit!
Your booking window, i.e how far in advance do your rentals get booked, is an important metric to consider. Starting with your historical data, and just as importantly, with market statistics. We looked into the current vacation rental booking window with data by Transparent.
Owning a holiday home is at the top of your wish list? Or perhaps you’re determined to expand your vacation rental portfolio? Here we take a closer look at funding options and the helpful resources available.
Checking occupancy, revenue vs. profit or listing site commissions is a day-to-day worry and joy for many hospitality professionals. Do you track these metrics? To help you get started with the most important KPIs, get for free our Booking Tracker – a straightforward and efficient spreadsheet, built by a rental owner.
New regulations in the vacation rental industry are passed as laws every year affecting property management businesses worldwide. Luckily, many professional associations have emerged with a common goal: supporting the development of vacation rental accommodation. In this article we look at the most important associations worldwide whose commitment lies in lobbying for our market. To help insure that our industry is well represented and understood by law-makers, it is vital to join them in their cause. Here’s a list of Vacation Rental Associations Worldwide that you could easily join today.
The success we had with the “Vacation Rental Owner Manifesto” prompted us to do something similar for guests. So we created a manifesto aimed at reminding guests to remind them to take care of our properties, our cherished homes and at times… problematic neighbours :). The “Vacation Rental Guest Manifesto” was then printed on fridge magnets, and we gave thousands away to owners and property managers at the VRMA conference in New Orleans. The feedback was unexpected: We had people running after us asking for more “I have 50 properties, can you give me.. huh… 49 more?!” “These are incredible! Do you sell them?” No, in fact we don’t sell them, they were meant as a gift. So today, we’d like to give everyone the opportunity to print the manifesto for their rentals in a big poster size (A1). Just download it from the article post and give us a thumbs up by sharing!
Leonardo da Vinci was able to write with one hand and draw with the other at the same time; let’s hope your skills of managing properties are as impressive. In case they aren’t – hum hum – then the following article with tips of what you can do yourself to improve efficiency and list of companies that you could delegate important work to, is for you. From useful photography ebooks to smart pricing tools & availability management over why you need professional translation, here are essential tips to turn your vacation rental into a sales machine!
As part Rentals United commitment to represent quality holiday properties around the world, we created a manifesto for vacation rental owners – a reminder of the standards we ought to adhere to when receiving guests in our holiday homes. Please share if you think that every Vacation Rental Owner should follow the principles in this Manifesto.
We got THE vacation rental marketing expert, Matt Landau, to answer the 5 most asked questions owners and managers have about vacation rental marketing, namely: “What softwares should I use?”, “What pricing strategy should I have?”, “What websites should I advertise on?”, “How can I get guests in low season?”, “How can I get repeat guests?”. Get ready for quick, to-the-point answers to help you improve your sales now.
Customer satisfaction… a large and much debated topic by pretty much everyone in the hospitality industry. Our success as vacation rental professionals largely depends on getting good reviews from customers, so to surprise and delight them is absolutely paramount. Today we got James C. Sells (who also writes for Tripping.com) with his years of experience in the vacation rental industry to shed some light on the subject. So read on for 4 easy tips to improve the guest satisfaction in your vacation rentals.