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The Things We Forget – Being Proactive and Not Reactive

Building a vacation rental business involves a lot of moving parts. From staging the property, taking photographs, and sourcing the right linens and towels, to choosing the best reservation system, communicating with guests, and everything in between — it can be tough to manage it all. Occasionally, something will slip through the cracks, and when […]

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Researching for Vacation Rental Investment: 5 Key Factors

This video is kindly supported by Avalara MyLodgeTax. The best solution for the automatic remittance of your rental taxes. https://www.vacationrentalformula.com/avalara ************** As the short-term rental industry grows so do the number of people considering investing in this lucrative market. Getting the research right from the start can save time and money, and these tips will […]

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How to Set Yourself Up for Successful Vacation Rental Management

Successful vacation rental owners and hosts are organized. Their calendars are up to date on every listing platform; booking processes are streamlined and easily monitored; payments are processed efficiently, and lodging taxes are collected appropriately and remitted promptly. Relations with guests are managed in a methodical and strategic manner, emergencies are dealt with swiftly, and […]

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How Tech Can Elevate Your Vacation Rental Business

Back in the good old days of renting out a vacation home, when a sign on the lawn and a classified ad was all you needed to score a fully occupied season, there was nothing technical about it. All you needed was a calendar, a spreadsheet, a fax machine, a telephone (yes, we spoke to […]

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Do-It-Yourself Short-Term Vacation Rental Management

It’s a lot easier to self-manage a vacation home than it was 10 years ago. Online vacation rental companies like Airbnb, HomeAway, and VRBO make it less time-consuming by taking care of the processes that used to be manual. Updating calendars, managing rate tables, altering text, and uploading photos can be done with minimal effort. […]

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Why Your Vacation Rental Business Needs a Strategic and Operational Plan

There’s an easy way to look at the business of running a vacation rental property. “The moment you start taking money from travelers in return for accommodation you have become a provider to the tourism economy.” This is no small responsibility, as a breakdown in any of the systems that contribute to the traveler having […]

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Short-Term Rental: 7 Things You Need to Know Before You Invest

As the short-term rental industry grows, demand continues to increase. This is now making investment in short-term rental property a more attractive prospect. It might be part of a retirement plan; an opportunity to pursue a digital, location independent life, or to achieve a family goal to own a second home. Buying a vacation property […]

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