As our industry is maturing, the job of a vacation rental manager has become increasingly complex. At Rentals United we’re always busy finding ways to make that job more easier and more efficient, so without further ado here are the 10 vacation rental tools & services must have … & nicely laid out in an infographic!
If you haven’t started to modernise your rentals for the Millennial generation (those born between 1980 and 2000) the figures we’re about to share may come as a wake up call… Indeed more than 70% of Millennials took at least one leisure trip in 2013, and in 2014 they spent 20% more than the previous year. Why such a trend up? The Boston Consulting Group reports that the Generation Y (another fancy term for Millennials!), is more interested in travelling abroad than the older generation… and this by 23%!! So what can we vacation rental owners and managers do to attract this group? So rather than offering plain services here are some ideas for EXPERIENCES in your vacation rentals. Read on for easy-to-implement ways to court the wonderful Millennials.
Have you heard of that hotel in Maastricht that allows you to rent a goldfish for the night so you don’t feel so alone?! Pictures of the little red fish went round the social networks like craaaazy. Ideas like these are pure genius and not just because of the increase in revenue, but because they also build brand loyalty and awareness.
Thankfully the upselling ideas we came up with are somewhat easier to put in practice… Promise you won’t need to steal the goldfish from your kids bedroom!
We’re no doctors but there are certain sure physical signs that a Vacation Rental Manager needs a Property Management System. If you’re scratching your head wondering what a PMS is, or if you do know but are not using one yet, we very much advise you to read on. You may find trashing the old excel sheet daunting but if you’re experiencing any of these dreadful symptoms, it could be that you’re ripe for a move!
Guests in their pyjamas being evicted of their short-lets in Amsterdam… Property owners fined €30K in Barcelona… Tax inspectors following travellers in the street of Paris, trying to find out to what apartment rental they go to… Horror stories you think? No, local laws cracking down on illegal vacation rentals is a reality.