Should I Start a Vacation Rental Business?

If you are looking to start a vacation rental business, it might be a good idea that you evaluate everything. What are the things that you need to consider before you even dip your toes into this type of business?

Use the right platform

There are a lot of platforms available today. Vacation Homes 365 and Airbnb are just some of the popular options that you can go for. VacationHomes365.com even provides property owners the ability to improve their services by providing them a guide on how they can attract more people to their property.

VactionHomes365 even offer assistance when it comes to answering inquiries. This will help you do your day job without always worrying about your property.

Is there a demand?

Another important piece of information that you have to look into is the demand. Since 2020, the demand for vacation rentals has decreased significantly. The reason for this is the limited mobility of travelers mainly because of the COVID19 pandemic. And if things aren’t returning to normal any time soon, why even bother having a vacation rental?

The good news is that there are already some countries that have implemented a vaccination program wherein people are more likely to travel again. It means that if you can’t get travelers from abroad, at least, it is now possible to get local tourists back.

Before you even start, be sure to look into the demand. Take a closer look at the policies and if regulators are allowing people to travel to your location again.

How much are you spending to get your property ready?

Next, how much are you looking to spend on your property to get it ready for your guests? Are you willing to spend X amount of money on your property? Let’s admit that not all properties are meant to be rented. Some properties need to be renovated to be able to feel cozy. If you are serious about having a vacation rental, try to consider the cost and the amount of time needed to meet your ROI.

Is the price worth it?

And of course, you also want to consider whether or not it is worth it. A lot of times, people think that having a vacation rental is a good business given the amount of money that could come in every day if you have guests. However, what they don’t know is that it also costs a lot of money before you could even start your business. It also takes a lot of effort to please your guests for them to leave a 5-star review. In most cases, it is a full-time job.

It is only a good question to ask yourself if it is all worth it. There are instances when you either hire someone to properly manage the property or quit your day job.

There are a lot of people today planning to start their vacation rental business. Whether they have a spare room or they have a property that they can turn into a profitable business, you need to consider a lot of things before you decide to have a property rented.

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Vaction Homes 365 -(www.vacationhomes365.com) How We Help You Launch & Manage Your Vacation Rental

There are a many important steps in the design, launch , and management of your vacation rental to achieve maximum bookings and profits. VacationHomes365.com has the experience and talent to do this for you, so that you won’t miss out on thousands of dollars a month. We have doubled, or tripled people’s bookings with simple makeover in design and marketing strategies, and we can do it quickly in many cases as short as two weeks, and with an little ongoing management.

Here are the steps and areas we will focus on:

1- An Eye-Popping Interior Design —with proper Airbnb Slant. Having an impressive design can come in many styles. But the bottom line is if we are going for Luxurious, Modern, Minimalist, Bohemian, or Traditional, the design must be superior to what others are offering on Airbnb, or you will lose the business. In general, the place has to be professionally designed. Our company has professional designers. Secondly you have to design , with Airbnb in mind, so the design is not the same as you would use for instance as stagers do when selling a home. But in general, we are going for “eye popping”.


2- Add Creation – There are “19 different Knobs” or settings in Airbnb as we call it, and if half of them are set wrong, you will actually cut your sales in half. We can help you get this right. Then there are about 3 other sites, that you need to use, besides Airbnb , or you will lose out. One tip here is to have a weekend rate set vs a weekend rate. What I like to do is call hotels, pretend I am a long term stayer at a hotel, and ask for their pricing for the next 6 months. You will see their pricing goes up and down depending on events that come into town, so you will know how to price a little better here.

3- Speed of Launch – the faster the makeover, and launch of adds – the more money you make. Getting up and running as fast as two weeks or even one week, means the difference of thousands of dollars. Most homes we do in Hollywood for example, do $20K plus a month in Airbnb, so one week makes all the difference, of course without sacrificing quality.

4- Sales/Bookings Team – people inquire around the clock, seven days a week. Chinese people inquire after 11 pm for example because of their time frame. We have found that keeping shifts of people , 7 days a week, to be most optimal


5- Operations – operations is the day to day operations and running of your Airbnb. Everything from dealing with customers, dealing with escalations, getting good reviews (and negotiating out of bad ones), dealing with thefts and security deposits, property maintenance and emergencies, and MUCH more.


6- Cleaning Staff – Finding a reliable cleaning staff, that can also stock your supplies, and count your inventory, or greet your guests, is a must.

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Turning Your Idle Real Estate Into An Ideal Airbnb

If you have a home or perhaps a room that you want to generate money, then it’s a good idea that you turn to Airbnb. In fact, if you are going to make turn it into an Airbnb, you will have to know first what your guests really like. Also, keep in mind that the platform allows you to market the property. So what are the things that you will have to do in order to turn an idle property into an Airbnb rental?

What Can the Location Offer?

Keep in mind that not all properties can be considered an ideal Airbnb. Airbnb is usually located in places where tourists usually visit. There are also some properties that can provide guests with the privacy that they want. But before anything else, it is important to assess the location. Is there anything that the place can really offer? Consider doing a lot of research first.

Image result for before and after airbnb

Consider fixing the entire house

You also have to assess your budget. Consider the reality that you will have to spend so much money on renovation just to make sure that everything is going to work. You don’t want to have negative reviews about your property mainly because some parts of the house aren’t working as expected. You want to hire a good contractor and even get a good handyman who can be on-call whenever you need help in fixing things inside the house.

However, keep in mind that you will be spending so much money in your home if you are going to make it as an Airbnb rental.

Improve the interiors

Interiors should also be cozy. If you want to get the right price for your house, you want to make sure that it is going to have the best interiors. There are instances wherein you will need to get the help of an interior designer for this job.

Study your competition

You will also have to know your competition. In fact, you want to make sure that you take a closer look at the properties listed within your area. This way, you will understand the pricing and the things that make a successful Airbnb rental.

Maintain open communication

You also have to reply fast enough whenever your customers need your help. There are some hosts that even have a messenger app where they can be reached. This way, it becomes possible to provide assistance to the guests whenever they need help.

Provide all the necessary amenities

You want to ask yourself what do you actually want to have in a place that is up for rent? Internet, access to kitchen, clean bathrooms, and perhaps even washing machine. These are some of the most common things that you will need to have on your property if you want it for rent.

Be open to suggestions

Most likely, you will still have a few mistakes along the way. You will have to be open to suggestions from your guests in order to ensure that you are going to improve.

There are a number of things that you should consider if you are going to have an Airbnb. In fact, keep in mind that these strategies can help increase your chances of success.

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Improve Your Customer Relations Despite Complaints in Your Vacation Rental

If you are looking for a smart and convenient way to earn money on your real estate, then perhaps, you want to have your property rented out. It is perfect both for homes that have remained vacant for years to extra rooms in a small home. In fact, the market for vacation rentals is growing today. And since the market is growing, the standards are also on the rise. And this means that there are a lot of homeowners who get complaints from their guests.

Now, it is important that you know how to deal with these problems. You just can’t let complaints ruin your business. The reality is that complaints should just be part of operating the business. You don’t have to worry that you are running something bad because you occasionally get a negative review. What you have to understand is that no vacation rental is perfect. You will be able to see something wrong in these properties.

Always ask what you can do to fix the problem

The first thing that you have to do is to know if the problem can be fixed. Maybe, the guest only needs some extra blankets or maybe an extra comforter for the family? Or maybe, the internet just went bad and you can provide them with a portable wifi? You have to figure out first if you can solve the problem that your guests found in your property.

Next, you also have to consider the reality that there are some things that can’t be fixed as well. If this is the case, never forget to ask for an apology and make use of their feedback in order for you to correct the mistakes.

Try to Check the Property Immediately After the Complaint

You need to verify the problem. You need to check if it really needs some repairs or if the person simply didn’t know how to operate some things inside the house. This is something that you should do in case you encountered a complaint.

Answer their complaint on the Airbnb platform

You also have to answer the bad reviews left on the platform if you are using Airbnb. You want to make sure that you tell them that their complaint is being addressed. It is important to ensure that the mistakes are not going to happen again and things can be resolved.

Why is it important to answer the negative reviews? For one, there are some potential guests who will tend to stay away from vacation rentals that have a negative review. They read what they can online and see if they will like the property. Now, if you defend yourself, then there is a chance to still convince those who aren’t sure whether or not to book your property.

A lot of homeowners think that negative complaints against their property could end their business for good. The truth is that you can still do something about it. Always consider bad reviews as constructive criticism. You should make use of it in order to improve.

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Building a Lucrative Airbnb Business

Have you heard of shared economy? You might find it as quite a strange business model. You get strangers to your home. However, today, Airbnb is a great alternative compared to the more expensive hotels. You can have your entire house rented or you can have a room rented. However, how exactly can you build a lucrative business? Considering that you don’t have any background, here are some tips on how you can increase your guests and even consider making Airbnb as your main source of income.

Good Location

You have to understand that location is probably one of the bestselling points that you can showcase to your potential guests. You have to understand that many would consider your home because it is near a train station or because it is conveniently located somewhere near a tourist spot. If you have a property that has these characteristics, then you have a chance at making a good amount of money.

Study your market

You also have to study your market. In fact, you need to know exactly who you are attracting. If your property is located in a business district, then perhaps, your property can be rented not only by backpackers but also by families who want a great environment for their children.

Once you have considered your market, you will be able to decide the right price. You want to make sure that the price is actually competitive. Aside from that, you want to make sure that they are paying for a great value. You want to add the necessary amenities and things that are usually needed by your market. If your target market is a backpacker, then maybe you want to include free maps in your home.

 Consider maintenance as a priority 

You also have to consider maintenance. You need to understand that you can’t let a broken faucet or troubles with your internet get in the way. You always want to have a plan B. In fact, you want someone who can go and check your home every now and then in order to ensure that everything is running smoothly.
Answer the questions immediately

You want to make sure that you are going to answer the queries immediately. This will increase the chance that the potential guest is going to book on your property. Keep in mind that there are many properties that potential guests can choose from. Sometimes, it is a matter of answering first that gives you the guest that you need.

In addition to this, the entire time that your guest is staying with you, you will need to make sure that you answer their queries.  vacationhomes365.com follows the rule that the guest should feel comfortable and any inquiry should be answered within minutes whether on Whatsapp or on the website.

If you want to run a successful Airbnb business, you will have to make sure that you follow these tips. You will be surprised by the difference that it can make to your booking rate and even in the reviews to your property and checkout

vacationhomes365.com for more info.

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Airbnb Rental 101: How to Get It Right The First Time Around

Shared economy is now in demand. It is a game changer that is now worth billions of dollars. In fact, this is the reason why the likes of Uber and Lyft are becoming so popular. Also, for tourists, many are no longer going after hotels mainly because there is a better alternative. Also, forget going to a hostel stuck with other strangers in a small room. In fact, Airbnb is popular for this reason.

Vacationhomes365.com offers great tips on how you can get things right the first time around if you plan on using your real estate as an Airbnb rental. Even if you are a just a beginner with no background whatsoever, you can get things right. Here are some of the things that you need to do.

Be a Courteous and Good Host

Ever asked yourself how you want to be treated as a guest? You want to make sure that you are going to provide your guests with what they need. For instance, you want to make sure that you provide them with all the right instructions how to get in and out of your property. A lot of owners simply give instructions such as the PIN for their lock at home in order for the guest to get on the property themselves.

Provide a Good Comfortable Atmosphere

Here, you have no other choice but to actually invest. Vacation homes 365 offers a variety of home options for you to choose from. You can actually get to see the most comfortable place for less. As a host, you want to make sure that you are going to invest in your interior. This makes your home stand out. Keep in mind that first impressions do matter.

Always ensure strong WiFi connection

You also want to make sure that you get an internet provider that is reliable for your guests. You don’t want them to end up having trouble with your Wifi because this will surely reflect on your rating. You also want to provide them with your number that they can contact in case something goes wrong with your internet connection or anything that they need assistance with.

Get a property management team

If you are living outside the country or if you think that cleaning and micromanaging the property seems too much for you, why not get a management team that can help you fix everything. You have to understand that property management is an area that a lot of owners miss. DIY might save you some cash but it can also be very problematic and tiring at the same time.

A property management team can provide the necessary cleaning and sometimes even communication on your behalf. They can answer questions instantly especially when it is urgent.

If you have a property that you want to turn into an Airbnb, be sure that you are going to consider these things especially for a beginner. Keep in mind that a lot of homes are now turned into a vacation rental. This could provide extra cash for your property instead of being idle.

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