Trends: Is it Airbnb or Hotels for Millennials?
Michael is a Research Analyst at LendEDU, a personal finance company. In his role, Michael works hands-on with polling data to tell unique stories. Some of Michael’s favorite hobbies include going to major horse races, hiking with his dog, and re-watching Game of Thrones. Millennials are the driving force behind a slow but steady shift […]
Wedding Trends are Good News for Vacation Rental Owners
Connor Simpson has a history working with vacation rentals and recently launched a marketplace, Weddings by Owner, where property owners can list their space as a wedding venue. Have you ever thought about hosting a wedding at your vacation home? If you have, there couldn’t be a better time. The current wedding industry trends reflect […]
How To Develop A Property Management Business Plan
You’ve already decided to start a property management business. The first thing you’ll need to do is put together a comprehensive property management business plan. Having everything written out will help you run a very focused business. Your property management business plan should contain a detailed proposal in which you address all of the following: […]
9 Trends Changing the Guest Experience
According to the World Travel & Tourism Council (WTTC), travel and tourism contributed $8.3 trillion to the world’s gross domestic product (GDP). People are traveling—a lot. And they want to travel more, perhaps visiting your hotel or rental vacation home. Ensure they visit by capitalizing on the following nine tourism and hospitality trends to help […]
How to Keep Your Rental Property Secure
Allie Shaw researched rental home security statistics as well as crime reports to find the best solutions in keeping your home secure. She is a freelance writer for multiple publications and is an expert in all things home and tech. As a landlord, it’s easy to overlook home security, but this oversight can cost you […]
Small Can Be Luxury: Getting More from a Smaller Property
One of the challenges for individuals and families everywhere is that buying property has never been more expensive. This has led to an inevitable situation where the homes that we do buy are getting smaller. But just because you own a small property, it doesn’t mean that it can’t be luxurious. In fact, it’s easy […]
The Rise of the Guest Experience Representative, and Why Your Business Needs One
More and more the vacation rental industry is focusing on ways to improve the guest experience and offer better hospitality services. Indeed, the 2017 Report on Hospitality Trends in Vacation Rentals showed that 84% of vacation rental companies want to offer more hospitality services. This trend toward the guest experience can be seen in the […]
A Guide to Short Term Rental Management Fees (Maximize Your Profits)
Property managers offer clients many conveniences, but hiring a property manager for your vacation rental is a big decision. After all, how do you know your property will get the attention it deserves? What about the guest experience? Will problems get adequately fixed? And, perhaps most importantly, how much will all this cost me and […]
Booking the Right Airbnb Guests? Tips to Protect Your Space & Attract Great Guests
You’ve seen the headlines: Unauthorized house parties with hundreds of partygoers. Thousands and thousands of dollars in property damages. At times, even the most diligent Airbnb hosts occasionally let the wrong guests slip through the cracks and into their cherished rental. Fortunately, Airbnb has built in multiple features to help you screen guests before they […]
Expert Insights: Choosing The Right Vacation Rental Property Management Company
Many vacation rental hosts decide to manage their property themselves, while others believe that vacation rental property management is the best way to go. If you choose the management route, how do you know which one is the best? You need a manager who is responsible, trustworthy and has a proven track record of providing […]
