Insights and tips on how to protect your property, giving you and your guests peace of mind.
In part one of our series, Business Survival Plan: Guide to Finance, we focused on how to be financially secure during a crisis. Part two is about contingency planning to help your prepare for unexpected events and minimize their impact. In this article, we’ll explore how to create your own contingency plans, how to be proactive on decreasing the impact of risks, and why these are essential to the vacation rental industry.
As a small business, you may be trying to determine the right business framework for you — likely either a sole proprietorship or limited liability company (LLC). For many owners, minimizing risk is top of mind, and an LLC is a way to gain added protection in addition to vacation rental insurance.
In a sea of vacation rental properties, something drew you to your investment property and made it stand out from others. Were you drawn to its unique floor plan, interesting architecture, or local attractions? By creating a memorable story for your potential renters, you will stand out from the competition and cater to travelers who are on the hunt for an unforgettable experience.
The Coronavirus has had a significant impact on the travel and hospitality industries, leaving vacation rental property owners with unexpected financial loss. And with many headlines reporting that we are heading into a recession, short-term property owners are undoubtedly concerned for the future. While the total impact of the shutdown of short-term rentals businesses is yet to be seen, success will hinge on the financial planning you do now and when things return to a new normal.
It is no secret that vacation rentals come with risks. Highlighting how you clean your vacation rental and the precautions you take to provide a safe and secure environment should be detailed in your listing. Here are a few tips to help mitigate potential incidents from occurring and ways to inform guest on how to use household items to improve their overall stay.
As a result of recent events, short-term vacation rental property owners are challenged to stay relevant and appropriate. Refocusing your attention on your communications by using social media, email, and the classic handwritten letter can help you stay top of mind with future travelers. Even when reservations can’t be made, communicating what makes your property unique and special will help to ensure that when they are ready to travel again your property is the first place they think of.
Eco-friendly and sustainability are common terms used on packaging when purchasing home goods such as appliances, air-conditioning units, wood materials, and even fabrics. Often, they are associated with saving money. At the same time, the ever-changing climate has created a desire for a more conscientious lifestyle. Celebrate Earth Day, April 22, 2020, by going green using these simple 15 tips.
A picture is worth a thousand words. It can also be worth thousands of dollars in the insurance world. It is so important to have recent photos documenting your short-term rental property in case damage occurs and a claim needs to be filed. To help you achieve the most out of your photography, we interviewed Jill Stuefer, a highly sought-after professional natural light photographer living in the Midwest.
Coronavirus has become an unescapable weight halting the travel and hospitality industry. It has had a devastating toll not only on short-term rental property owners but also the communities they serve. Additionally, Congress enacted the CARES (Coronavirus Aid, Relief, and Economic Security) Act of 2020 to provide much needed relief for small business owners, including those in the travel industry.
An unfortunate result of COVID-19 is that cybercriminals are attempting to capitalize on the public’s desire to learn more about the outbreak. And with the majority of the population working remotely due to the coronavirus outbreak, phishing scams are becoming the fastest type of cybercrime. Here are a few reminders of what to look for before opening emails: