With the new year fast approaching, we return to a news piece that first broke in July 2017. Various news and VRM-centric outlets were reporting on Google’s intentions to enter the vacation rental market. VRMintel included an insider quote stating a wide-release was likely coming in 2018. So what was it and where is it now? And, more importantly, how will it affect us?
As a rental manager, you know the importance of having a quick and easy booking process. So, naturally, many choose to forego rental contracts to ensure there’s one less hoop your guests have to jump through. Luckily, that’s no longer an issue with electronic signature applications.
Every good business owner knows that you have to invest in your employees if you want to grow. That doesn’t just mean paying them more (that’s always great for improving your turnover rate though). You need to give them the tools they need to excel in their role and take on new responsibilities. For this, you’ll need some high quality vacation rental training resources.
Considering your options for property investments? Well, hold off on making any purchases for the moment. You may be surprised to find that your money could be better spent elsewhere.
To put it simply, a rental agreement is a document outlining the dos and donts of your rental property. Some of you may be more familiar with the term tenancy agreement – same thing.
Perhaps the most important piece of your rental property strategy is calculating its ROI correctly. We stress the importance of doing it correctly because a single oversight could mean a massive headache later. This is especially true for anyone leasing or paying a mortgage.
A bad review: the bane of any vacation rental manager’s existence. It’s a smirch on your listing that could have a drastic effect on your bookings. Especially if your listing is new and struggling to generate bookings and reviews in the first place.
