How to manage a vacation rental Posted by Angella Grey on 25th, October 2011 How to manage a vacation rental? Owning and running a successful vacation rental business can be very rewarding for owners. With a long list and the many types of rentals available ranging from cottages, villas, cabins, to city centre luxury apartments managing these rentals do requires a lot of hard work. This article aim to inform you how to manage a vacation rental and address some of the common problems associates with these types of investment.
Things an owner can do to ensure success include: 1. Outsourcing to a property management company This is particularly great for the owner that does not have the expertise or the time to manage his or her own rentals. This task is given to a third party for a reasonable fee. Automation This is done by using special vacation rental management software. This method allows a vacation rental owner / manager to do the following: • Generate reservations and get more customers using the internet. • Attend to administration functions like deposit notices, welcome notes, invoices etc. • Ability to provide instant availability calendar of the units. All this can be done without having to hire extra staff.
2. Getting more education Vacation rental management requires some skills that can be acquired by educating oneself about what is required in this industry. A person should read books on business management and attend classes on resource management, hospitality, accounting etc. 3. Improve quality This is done to improve the experience for visitors. Items a vacation rental manager can do to improve quality includes: • High quality interior decoration for hisher rooms • Room service if the situation allows it • Discounts for visitors that pay on time • Free laundry services etc. Subscript, like us and join us for regular updated articles on our social media sites such as: Facebook, Twitter or our Youtube channel. About the author: Angella Grey is the sales and marketing contact at Faraway Vacation Rentals. How to Manage a Vacation Rental | Vacation Rental Management | Managing Rental Property | List Vacation Rentals