Insights and tips on how to protect your Vacation Rental Property, giving you and your guests peace of mind.
Owning a vacation rental property can be a rewarding source of extra revenue for you. However, if the property you rent out is geographically distant from your home, it can be almost impossible to ensure it is maintained to your standards or to handle emergency situations on the premises without a local property manager there to provide hands-on support.
Fall not only offers some of the best outdoor weather, but it can also call for extreme weather concoctions - hurricane season colliding with wildfire threats. This lethal mixture makes it very difficult to plan when the next natural disaster may strike. It’s important to know if your property is located in the states with the highest risk and determine the best coverage to meet the needs of an unforeseen natural disaster.
Technology unlocks more than your vacation rental’s front door; it gives you peace of mind, knowing your property is safe while reducing risks. We put together a list of some popular, smart tech products for your property. Consider installing some of these smart technology devices to run your business more efficiently, eliminate potential risks to your short-term rental and increase your property’s appeal to guests.
Although you may not be able to reduce the risk of wildfires occurring in your area, there are measures you can take to reduce the risk of your vacation rental property being lost to a wildfire. While no property is fireproof, the goal is not to allow your home to be a fuel source for spreading the fire. Here are some things to consider as you scan your property for potential fire risks.
Summertime is synonymous with enjoying the great outdoors, and a time when short-term property owners open their homes as the ultimate retreat for guests. Whether your property has a fire pit, grill, or pool, summer fun requires remembering that safety comes first. Allow your guests to grill and chill with ease all while protecting your property with these summer safety tips:
Summer is in full swing, making it the perfect time to take advantage of the extra hours of daylight. Consider “enrolling” in short-term rental summer school and learning all you can to increase bookings, marketing your vacation rental, and managing your business in the most efficient way. To help navigate which online courses, websites, and podcasts are most beneficial to your business’ particular needs, we compiled a list of 12 resources you can explore to expand your knowledge.
If you’re feeling stressed and anxious during these uncertain times, you’re not alone. Experiencing stress or anxiety over the health and economic fears brought on by COVID-19 is very normal, especially for vacation rental owners whose businesses have been highly affected. Not taking steps to cope with these feelings can put you at risk for long-term health effects.
As the travel industry begins to re-introduce itself into the “new normal,” stringent cleaning measures will not only be vital to the health and safety of vacation rental guests, it will also be a key factor in your property’s success. A fundamental component is ensuring guests trust that the short-term rental has been properly disinfected and cleaned.
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.
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.