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.

Please follow and like us:
20

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.

Please follow and like us:
20

Vacation Rental 2020: Things You Can Do To Prepare for the Next Travel Boom

It’s undeniable that 2020 became a problematic year for everyone who made a living via tourism. A lot of people stayed at home instead of going to different travel locations. Among those who suffered the most are the vacation rental hosts. Vacation Homes 365 have seen the huge losses of different hosts.

If you check vacationrentals365.com, a lot of vacation rentals didn’t make money this year. However, for those who are serious about their property, it is still possible to make the most of 2020. You can do things that can help you prepare for the new normal and the next travel boom.

Increase Room Capacity

Let’s admit that once the pandemic is over, you can expect people to want to travel. And this means that there will be people who would want to book vacation rentals rather than hotels. If you will compare hotels and vacation rentals, the latter can be safer because you can rent the entire property and just have it all by yourself and your family.

And compared to hotels, fewer people can stay in a vacation rental. You don’t even have to use the elevator where it is cramped.

One of the things that hosts can do is to increase the room capacity. They can do it while no guests are booking the property. With more rooms, you can get individual guests to stay. They can have the confidence that they don’t have to share the room with someone who is likely infected by the virus.

Cleaning Protocols

You can also use this time to perfect your cleaning and disinfecting protocols. Perhaps, instead of hiring cleaning and disinfecting teams to go to your property, why not just buy the necessary products and tools yourself? This way, it becomes easier to clean and disinfect the property on your own.

You can also buy disinfectant machines that can help in keeping the air clean. And on top of that, you want to have alcohol on every corner of the property to make sure that everyone can keep their hands clean.

Offer Additional Services

You can also offer additional services to your market once the pandemic is over or once the situation subsides. You can anticipate people to be too cautious to use public transportation from the airport to your property. This means that you can potentially offer them guided tours, airport pickup and dropoff, or even have your car rented by your guests. You can also sell masks and other must-haves for guests who are staying in your property.

You can’t deny that some places are still not allowed to open. Though it does affect the travel industry, it is for the best. But is it over? Should you start switching industries given the pandemic’s damage to the travel industry?

Let’s get one thing straight. The travel industry isn’t the only one affected. VacationRentals365 believes that 2020 may not exactly be the best year for the travel industry but this is also true for other industries. Consider this year as the time to prepare for bigger things to come for the travel industry. If you take your time and anticipate for the next trends, it is possible that you are going to make the most of the remaining months of the year.

Please follow and like us:
20

Avoid Getting Scammed by Using Trustworthy Vacation Rental Sites

Many are looking into the possibility of staying in a vacation rental rather than a hotel. Hotels are more expensive plus a lot of times, you just sleep in the place. A lot of people today are becoming practical going for a vacation rental instead. However, over the years, there were reports of people getting scammed.

A lot of these cases came from ads that they see on social media or on Craigslist. Rental scams are becoming common since a lot of those individuals scammed were looking for a way to save money.

Most people who ended up paying for the vacation property did it via PayPal. Scammers tend to tell their victims that they have to pay for the rental in advance. A lot of the victims think that they can always dispute anything via PayPal. Unfortunately, there is a loophole in this setup. When it comes to intangible goods, PayPal doesn’t offer the same level of protection to their users.

Why do we need a vacation? How often do you need a vacation?What are the  benefits of vacations?Do vacations make you happier?

Finding Trustworthy Vacation Rental Sites

One of the things that you can do instead is to find a vacation rental website. Vacation Homes 365 has catered to many homeowners looking to open their property to guests. Also, you get a good number of guests looking to find a vacation home where they can stay.
What makes vacation rental sites such as VacationHomes365.com a good alternative to going to Craigslist is the fact that you have some level of protection. The money that you are going to pay the host will be in escrow. It means that you have the time to dispute in case you find yourself in a bogus property.

Also, VacationHomes365 offers reviews. Reviews will give you an idea whether or not the property is legit or not. You will have an easier time spotting properties that are well maintained and those that are not exactly going to meet your standards. You also get pictures of the property.

Websites such as VacationHomes365.com and Airbnb are companies that take the time to check the properties to see if it is real or not. It means that you get a layer of protection because the website has their staff that will take a closer look at each property to verify if it is real or not.

Another reason to choose websites for vacation rentals is the fact that you can compare different vacation rental properties. You can easily find a room or an entire property all by yourself. Given the number of properties that are posted on these websites, you get to compare and see which one gives you the best deal.

Due Diligence and Avoiding Scams

Though you get to find a lot of legitimate vacation rental properties online, you still have to exercise due diligence. Be sure to check the property’s reviews and compare them within the platform or on other websites.

Though you can save a good amount of money by staying in vacation rentals, you have to understand that there are a lot of scams out there. Websites offering vacation rentals can help lessen the chances that you get scammed. However, to get the best deals, you still have to do your research and be vigilant for every transaction.

Please follow and like us:
20

How to Maximize Your VacationHome365 Listing

If you are a homeowner looking for ways to maximize your property, it is always a good idea that you turn to vacation rentals. Vacation homes nowadays are in demand for many travelers. Travelers prefer to stick to vacation homes rather than hotels for several good reasons. Some prefer to stay in regular people’s homes simply because it is a bit cheaper than your regular hotel. Next, some like to rent an entire space rather than just a room. Regardless of their reasons, it only means that there is a huge market waiting for you if you post your property on vacationhome365.com.

How To Buy A Vacation Home | Quicken Loans

But keep in mind that not all listings are made the same. Some properties receive a higher booking rate than others in the VacationHome365 platform. So how can you maximize your profit using the Vacation Home 365 platform?

Consider the right pricing

First, consider people choosing vacation rentals as travelers who are looking for the best bang for their buck. You want to have a reasonable price for your property. To be able to do this, you will also have to do your research. Try to compare your price against similar properties in your area. The last thing that you want is to price your property a bit higher when there are a lot of properties nearby.

Room rental

Next, you can also have rooms for rent instead of the entire property. This way, you can attract solo travelers or those who travel in small groups. Keep in mind that not a lot of people travel in a large group. This way, your property can also be an ideal place where travelers from different parts of the world can get to know each other.

Maximize the number of beds you can fit

If you are looking for ways to ask for a higher price on your property, it is a good idea to focus on the number of beds that you can fit in your home. The more beds you can fit, the better it is for your vacation rental. It means that you will need to reassess how you are going to design the property. Some homeowners prefer to stick to minimal interior design to be able to make more room for beds.

Take stunning photos

Packaging is everything. Guests will most likely base their decision on the photos that you show them. The platform allows you to put up photos. However, if you want to get potential guests’ attention, you might want to consider good lighting or even hiring a pro photographer.

Create a good first impression

A good first impression is everything. It means that you want to reply fast to inquiries. You might also want to provide good directions including visuals. This way, people won’t have a difficult time finding the property.

You also want to make sure that you can be reached by your guests in case they will need assistance during their trip.

As a host, you want to provide the best experience for your guests. This will give you the edge in the vacation rental market today. Try following these tips and you will see a big difference.

Please follow and like us:
20

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.

Please follow and like us:
20

Do’s and Don’ts Managing a Vacation Rental

When it comes to running a vacation rental, it is equally important that you know exactly how to manage this type of business. Vacation Homes 365 handled several vacation rentals saving these properties from mismanagement. For VacationHomes365.com, there are some things that you need to do and you have to avoid to run an effective vacation rental.

Do’s

Keep Things Clean

The first thing that you should be doing is to clean the property. Every property must be well maintained for the guests. Unfortunately, a lot of homeowners still overlook this. There are instances when guests make bad reviews about the property simply because of the property not being clean.

To make sure that this can be avoided, it is best if you stick to having a third party cleaner that will clean whenever there’s a guest that is checking out.

Maintain Good Communication

Next, you always want to make sure that you get to communicate with your guests. Nothing beats good communication if you want the best reviews. As a vacation rental, you expect the guests to be doing things such as check-in and operating the things inside the property. Unfortunately, you can’t just rely on them to know everything.

Having good communication from start to finish of their stay is crucial if you want to run a business that will be recommended by your guests to other people. Also, don’t expect that people will be able to understand your instructions.

Improve the Pricing

You always have to take a closer look at your pricing. Pricing plays an important role in whether or not your property is going to be occupied or not. Keep in mind that if you just take a look at the list of properties in VacationHomes365 in your area, you will realize that you are in a highly competitive niche.

You want to lower the price if you wish to attract guests, especially on selected seasons. During off-peak season, you would rather cut a significant amount on your price to attract guests. But of course, it shouldn’t be to the point wherein you don’t have any income anymore.

Don’ts

Simply having a spare room rented as is

A common mistake is that hosts tend to think of generating money from a spare room. They tend to have it rented as-is. It can be a bad idea for some reasons. One, if you are going to have a room rented, you at least want to have it renovated or turned into a vacation rental property.

Next, you also want to be in the shoes of your guests. Keep in mind that they also want the best bang for their buck.

Not having enough time to address your guests’ concerns

There are a lot of people today that don’t have the time to address their guests’ concerns but still run a vacation rental. If this is the case, you might want to just stick to having a property manager handle everything.

A vacation rental business is a serious business and should never be taken for granted. If you wish to have the best results, it might be a good idea that you turn to these do’s and don’ts.

Please follow and like us:
20

Can You Still Run a Good Vacation Home Rental Despite Tough Competition Today

There are a lot of vacant homes and those properties that have underutilized rooms. After vacation home rentals became popular in the past years, a lot of homeowners turned their properties into a vacation home rental. Unfortunately, these days, guests require more from vacation home rentals. Now, there are a lot of vacation home rentals that have upgraded in order to compete against hotels and even other vacation rentals.

Another important detail about vacation home rentals today is that you should be serious if you are looking to survive in today’s industry. Can your vacation home rental still survive despite today’s competition?

The answer is yes. Vacation Homes 365 has been able to turn things around for a good number of vacation home rentals. Given today’s number of guests, there is always a chance for your vacation home rental to capture even a small market segment.

But what does it take?

Aesthetics and Functionality

You need to remember that you will need to invest in your property. You will have to make sure that you renovate the property and turn it into an ideal vacation home rental first. When it comes to upgrading the property, you have to think of both aesthetics and functionality.

Aesthetics is important because this is what your audience is going to see. However, you also have to make sure that parts of your property are functional at the same time. You will need to have a good internet connection in different parts of your home. Next, you also have to make sure that you provide the usual things that are found in a home such as a washing machine or even a stove.
Security should be a priority

It is also important to make sure that security is a priority. This isn’t only for your guests but also for your property. You want to be getting proper identification of those who are going to stay in your property. You don’t want someone who will be destroying your property because they partied all night. You can have a home that has the necessary cameras as well in common areas. However, you will need to make sure that you let the guests know if there is a camera in these areas.

Know the budget of your market

You want to make sure that you know the budget of your market. You can have an idea if you take a closer look at the cost of other rooms. VacationHomes365.com properties can give you an idea of the average cost on similar properties.

Good communication

Of course, you also want to consider communicating with your guests. VacationHomes365 can offer experts who can answer for you. It means that those who are busy with their day jobs don’t have to worry that they will miss a particular guest.

Running a successful vacation home rental can be challenging for a lot of individuals, the good news is that you have the help of pros that can help you run your business without any worry. Is it possible to run a successful vacation rental business today? Definitely

Please follow and like us:
20

Ways You Can Attract the Right Market for Your Vacation Rental

When it comes to your vacation rental business, it is imperative that you get a piece of the market. It’s quite a common scenario wherein you vacation homes don’t get to attract the right market. There are many reasons for this. In fact, you might not know a lot about marketing. Or maybe, you don’t have any experience when it comes to dealing with negative reviews.

Vacation Homes 365 has managed to transform a good number of properties over the years. With the help of vacation homes experts, properties that you see on VacationHomes365.com have improved significantly with the right guidance of our in-house experts. A lot of those properties listed on VacationHomes365 used to need a lot of help especially when it comes to attracting the right people.

Know Who Gets Attracted to Your Property

First, you want to know the usual market that goes into your area. You will most likely have an idea regarding the market that your property is exposed to. It is quite common for a lot of homeowners do not know the demographic that goes to their area. Are you located in a place that attracts young travelers? Or are you located in a place that typically attracts business travelers?

Transform the Property

Now, from here, you will have to transform your property in order to cater to these people. If you are catering towards young travelers, then you would want to make your home look hip and functional at the same time. Also, you might want to give more beds, especially for transient travelers.

Proper Pricing

Image result for before and after airbnb

Next, you also want to make sure that the property is within the right price range. You will first need to take a closer look at your competitors. There are times when following their pricing can actually do wonders for your property. However, let’s admit that there are properties that should be priced lower.

Marketing Online

What is the use of a property if no one actually gets to see it online? In order to get the right market, you will need to do the necessary marketing. There are instances when you will need to have an Instagram account dedicated to your property. If you are offering something that is unique, you might want to also contact influencers who you can use in order to improve your network.

You might also want to have a website dedicated to your property. This will help you improve on the ranking and even target people via SEO. However, why is it that a lot of vacation rentals don’t usually do this? It’s because of the fact that maintaining a website needs a bit of technical know how. Also, it can be a bit expensive.

If you are running a vacation rental business, it is always a good idea to have a market that you can target. Every property can have a different market. However, it might take some time before you figure out the right market that you want to go after.

Please follow and like us:
20

Vacation Homes 365: Going All Out on Vacation Rentals

If you happened to be a homeowner who happened to have a free room, you might be thinking about how to generate income from this part of your home. For other homeowners, they have turned their homes as their main source of income. The good thing about vacation homes is that you can easily get all sorts of short-term tenants. Now, for a lot of people, they turn to Vacation Homes 365 in order to make sure that they do the right thing.

Vacation Homes 365 has allowed different homeowners to go all out on their vacation rentals. Now, why should you go all out?

Income Potential

The very first reason is that a lot of people can make use of their vacation rentals as their main source of income. It means that you can generate an equivalent of your usual monthly income from your real estate property. In some instances, you can even earn more.

You can offer more than your room. In fact, you can offer services such as touring people around the city. It is also possible that you get add ons on your property. For instance, you can even offer airport pickup for an additional fee. These are some strategies that can augment your income.

Increase the Value of Your Property

Another important consideration why you should get the help of Vacation Homes 365 is the fact that you can get the value of your property to increase. What it means is that you can resell it for a much higher price. Now, if you plan on selling the property in the coming years, then this is the way to go.

Also, you have to understand that there are instances when you will have to also fix things inside your property. Maybe, this is also a time to do it. Not only are you fixing parts of your home, but you are also making money out of it because you get tenants to stay in your property.

Demand is strong

Another reason why you should go all out on your vacation rental is the fact that it is in demand. In contrast to hotels, vacation homes have become the next best alternative for a lot of tourists and travelers. You can spend so much less in a vacation home rental compared to a hotel room.

And in the last few years, the trend has steadily improved. You have to understand that there will still be an increase in the number of guests in the coming years. And this means that if you can keep up with the demand, it becomes possible that you get back the initial capital that you invested in no time.

Vacation Homes 365 is a dependable company for a lot of reasons. They have experts who can give you an idea of what to do when you are planning to become a host. Vacation home rental business is growing today. However, you also have to keep in mind that you should always stay on top of the game by getting the best practices correctly.

Please follow and like us:
20