How to Finance the Growth of your Vacation Rental
Hosts all over the world are capitalizing on the staggering growth shown in the vacation rental industry. They’re expanding the number of properties they run and as a result, the revenue they generate. And why not? The vacation rental industry continues its dizzying expansion, showing growth of at least 20% for five consecutive years. If […]
More Growth, More Competition: Vacation Rental Management Today
The vacation rental industry has boomed in recent years and shows no sign of slowing its pace. Researchers predict that the Global Vacation Rental market will grow at a compound annual growth rate of 6.89% from 2019-2022. Increased competition, new software developments, and evolving guest expectations are all fuelling dramatic expansion. And as vacation rental […]
Vacation Rental Cleaner Safety: A Guide for Property Managers
As the COVID pandemic taught us, safety and sanitation should be top priorities for short-term rental businesses. As a property manager, it’s your responsibility to ensure that your guests find your property spic and span, with sparking countertops, functioning lightbulbs, and toilet paper folded in a perfect V flap to greet them. But the guests […]
All You Need To Know About Vacation Rental Taxes (Including Deductibles)
The vacation rental marketplace is growing by leaps and bounds. Online short-term rental platforms like Airbnb, Booking.com, HomeAway, and Vrbo make it easy to offer your entire home or a room as a rental. On the other hand, vacation rental management software such as Hostfully’s help manage your business across multiple channels. With these technologies […]
How To Record Your Airbnb Income & Expenses for Tax Purposes
You’ve decided to rent out your property on Airbnb as a side hustle or full-time. and are thrilled about the benefits it brings. However, let’s be honest, the chances are that you’re significantly less excited about paying tax on that hard-earned Airbnb revenue. Airbnb and other sites like them usually report to the IRS, so […]
An In-Depth Guide to Airbnb Smart Pricing [+ Alternatives]
Airbnb has been a leading platform in the travel industry for well over a decade. For hosts new to the short-term rental industry, it takes the guesswork out of marketing properties. One of the available features is a mysterious toggle that promises more revenue. But is Airbnb Smart Pricing always the best option? This article […]
The Ultimate Guide to Short-Term Rental Cleaning
That Airbnb townhouse, that Vrbo bungalow, that family vacation rental: no matter the channel or property type, guests expect immaculately clean properties—and can (and do!) sniff out traces of dust, unkempt rooms, and less than stellar accommodations. As the demand for well-maintained and sparkling-clean rentals has grown, it’s now the norm for short-term rentals to […]
Hostfully gets Airbnb Preferred Plus Partner status (again!)
We are excited to announce that Hostfully has been awarded the status of Airbnb Preferred Plus Partner for the second year in a row! This is an honor we believe reflects our commitment to providing a high-quality experience for our hosts, and the guests they serve. Here’s why Hostfully made the cut, and what it […]
Top 5 Streamline Alternatives for Vacation Rentals
Streamline is a powerful all-in-one property management system (PMS), but it’s not for everyone. If you’re looking for Streamline alternatives or investing in your first-ever PMS, it’s crucial to find the right platform for you. Switching PMS is no small feat, so you’ll want to get it right from the word go to minimize the […]
A Guide to Mid-Term Rental Bookings
While short-term rentals have traditionally been the go-to option for many hosts, as the vacation rental industry continues to evolve, mid-term rentals are gaining popularity due to their unique benefits for both property managers and renters (especially since the pandemic!). In this article, we will cover everything you need to know about mid-term rentals, including […]