Vacation Rental News & Gossip
This is one of the things I hate to get used to right from the get-go. Having a few vacation rental properties can be a part-time job, but you should never treat it as a part-time job. Each of the guests coming through your door has a story and a reason for being there. For …
Key performance indicators sound like a corporate boardroom with PowerPoint presentations and pointy ties. You are a vacation rental manager with a few properties trying to get by. That doesn’t mean you shouldn’t track your business. Leaving aside profit at the end of each month there are metrics you can track to see the health …
A lot of people joined the vacation rental bandwagon. And it’s great. The more the merrier. Plus, every new voice brings with it a new opportunity for us to get our message across. Vacation rentals are a better, more personalized, and more affordable way to travel. But as you can imagine not everything is happy …
Vacation rentals by owner are still a very popular way of doing business even today. The vacation rental trend actually started as a “by owner” business model. Over time they evolved into a more structured approach and most of them are professionally managed by companies that handle large inventory. From one family having one or …
You need a business plan. Don’t let anyone tell you otherwise. Your vacation rental business plan is a must. Some of you will need it to secure financing. Others will need it to be able to attract business partners. But we all need it to get our thoughts in order. For me, it’s the best …
So you are ready to start a vacation rental business. You have an apartment that up until now you rented long term or you are starting out with your extra bedroom. Whatever the case, before you jump in, there are 7 question you should ask yourself. Are you ok with other people sleeping on your …