Managing Properties for Others Archives - Vacation Rental Formula
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VRS277 – Hospitality with Heart with Billy O’Sullivan of PMI Vacation Rentals

We hear the words ‘Responsible Rental’ but what do they mean? From the perspective of Billy O’Sullivan, Director of the vacation rental division of Property Management Inc, they encompass transparency, hospitality, professionalism, and integrity. In this episode, we explore the qualities needed to run a successful short-term rental business in this dynamic market, and Billy […]

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Taking The Leap – From Vacation Rental Property Owner to Property Manager

Taking the leap from looking after your own properties to managing for other people, is a logical step for many owners who want to make a full-time business out of short-term rentals. It’s how most property management companies got started. Steve Milo of VTrips (formerly Vacation Rental Pros) heads up one of the largest property […]

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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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VRS226 – The Questions Owners Are Asking Of Vacation Rental Managers

The Cottage Life Show in Toronto is the introduction to spring for thousands of Ontario’s recreational property owners. Over 40,000 visitors throng the International Centre in Toronto over 4 days, and many of them are cottage owners who either already rent out their properties or are thinking of doing so. So, in my day-job as […]

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How To Attract New Owners To Your Vacation Rental Management Company

Regardless of the size of your company, getting new owners is a challenge. With the larger OTAs claiming they can do what we do, it’s getting tougher to convince owners that doing it themselves is more than posting a listing and waiting for guests of customers to arrive on their doorstep. If property owners are […]

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VRS168 – The French Connection with Vacation Rentals in Nice and Paris

Many vacation rental owners manage their properties from a distance but most have just one, or a few in one location. Ralph Morehouse owns an apartment in Paris, one in Nice, and manages three others. All from his home base in Houston, Texas, which goes to show you can do this business from anywhere as […]

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VRS083 – A Week in the Life of a Vacation Rental Manager

Happy Canada Day! (and US Independence Day in a few days) I love this time of year and the pride I feel as a ‘New Canadian’ but I do have a price to pay as the CEO of a Vacation Rental Management agency as the green flag is lowered on our high season. The festivities […]