As fellow short-term rental owners, we’ve compiled a list of the tips that we wish we had had when we were first entering the industry, or even when we already had a foot in the door, but were looking to improve and grow our businesses!
On its face, it can seem like Airbnb is a comprehensive tool for short-term rental owners. It offers dynamic pricing, its own booking engine, and a clean interface through which to communicate with clients. However, if you are truly looking to maximize your rental revenue, you’ll want to work with more than just Airbnb–and the first step you’ll want to take is in the direction of Airbnb management software.
The concept of vacation rentals is not new, but the booking experience for both guests and hosts has changed dramatically in the last decade. Renting a private property offers an attractive alternative option to traditional hotel accommodations, and often comes with more amenities, more privacy, and more flexibility.
It’s not the shiniest part of being an entrepreneur, but it is one of the most important: keeping straight books. Implementing the correct vacation rental accounting software will save you countless headaches.
If you work in the short-term rental business, then you know it’s essential to keep your Airbnb calendar as up-to-date as possible. Learning how to keep your calendars in sync will save you countless headaches in the long run.
Curious about what a good channel manager can do for your business? Sync your vacation rentals across multiple booking platforms with Futurestay's channel management feature.
How much should you charge for a night at your Airbnb rental? This is a question that you should be asking yourself at the beginning of your short-term rental journey and then ask again as you continue to navigate through the process of soliciting, booking, and managing short-term tenants.
Dynamic pricing is one of Futurestay’s most revenue-generating features for our clients. If you are unfamiliar with dynamic pricing, the short version is that it allows you to adjust rental rates to maximize revenue, boost occupancy, or in the best-case scenario do both. In fact, our clients report up to a 40% increase in revenue thanks to this tool.
Who wouldn’t want to make more money faster? If you’re looking to achieve financial freedom sooner, rather than later, becoming a short-term rental owner offers the promising first step toward freedom from your day job.
Although listing a property on Airbnb or Vrbo is as easy as uploading a few photos, providing a few details and linking a bank account, there is much more involved to renting responsibly.
Reputation is everything, and it should be no surprise by now that potential guests are going to be looking up reviews and ratings of your short-term rental. If you’re looking to set yourself apart from the pack, you can’t cut corners on guest experience or amenities.
With real estate values continuing to climb, the short-term rental industry is an industry with a particularly high cost of entry. Although the initial investment in property can be steep, the returns can be even higher.
Welcome gifts are a powerful tool for property managers to use to grow their rental business. When a guest walks into your rental and finds a gift or personalized note waiting for them, it kicks off their stay on a high note and increases the chance that the guest will leave a positive review and return to your property for future stays.
Futurestay is proud to introduce Business Essentials, a suite of services that are proven to offer real value to independent short-term rental managers.
Futurestay was built with the purpose of removing the manual, administrative tasks of running a rental business.
The most satisfying part of anyone’s work is when they have a positive effect on another person’s life.
Reviews provide information about your rental property and sometimes reflect your hospitality.
As you get your vacation rental business started, you have to determine your pricing. It is important that you do your research.
Painting allows for a clean, updated look without spending a lot of money.
With the increase in vacation rental popularity, it is important to research the area you plan to buy in. Your vacation rental property’s location has a variety of financial impacts.
When planning a vacation or business trip, traveling has many expenses. From food to lodging, airfare or car rentals, the amount of money travelers spend is growing.
Entrepreneurs come in all shapes and sizes. Regardless of the industry, they share common traits that differentiate them from the average person.
These products, tips, and services make vacation rental owners management easier and successful.
If you already have a property, there are savings in services and budgets to consider.
Creating an interior checklist for winter will depend on the type of vacation rental you own.
Below are the steps and suggestions for getting your vacation rental on the market.
A TripAdvisor study found that 83% of travelers thought a kitchen was the most important travel accommodation. Especially because of the savings vacation rental kitchens provide.
This article will discuss how to make an exterior checklist and prepare your home for winter.
If you’ve ever considered booking a vacation rental property, cleanliness is at the top of the criteria list.
For unprepared vacation rental owners, winter’s snowy conditions complicate their lives.
The origins of hotels have been the popular accommodations for travelers for many years. Hotels extend as far back as the ancient Greek and Roman times.
Both interior and exterior updates increase your property’s value.
How to approach new vacation rental purchases, new hires, and time.
Our first article discussed how to handle a negative review. Here are some tips to avoid getting a negative review in the first place.
When we ask rental entrepreneurs for ways to make Futurestay better at managing properties, we receive brilliant ideas. We always strive to build features that impact your business the most.
You already learned about the benefits of hiring a third-party cleaning service. but how actually get started?
