According to recent research conducted by the Global Vacation Rental Report, 73% of vacation rental property managers use a PMS to centralize all aspects of property management. Processing bookings, guest communications, payments, and housekeeping schedules can all be streamlined with vacation rental booking software and can revolutionize your business, especially as you scale. However, choosing the right PMS can be overwhelming and it’s a costly investment that you don’t want to get...
Vacation rental property managers hold valuable information in their property management systems that can help to demonstrate their impact, increase revenue, and keep owners happy. However, too many vacation rental property managers aren’t using the data to its full potential. Vacation rental technology is now involved in almost every aspect of the property management business, meaning that everything is digitized and, therefore, very easy to analyze. In research conducted by 365Villas...
Vacation rental property management software is a significant outlay, but it's also the backbone of your tech stack, and definitely worth it if it will save you time and money. To get the most value from your investment, it’s important to make sure you’re making the most of all the features. Here are the top four ways that managers can get the most benefit from their PMS: 1. Share PMS data with owners to improve relationships Any robust PMS collates a whole host of useful data. Using...
If you're just starting to rent out your vacation home, or if you manage a few properties, you've likely used popular sites like Airbnb, Booking.com, or Vrbo to find guests. These sites are called Online Travel Agencies (OTAs), and they help people see and book your place. Managing multiple OTAs can get tricky. Imagine trying to update your photos, prices, or amenities on several different websites every time you make a change. It can feel like a nightmare juggling all those updates....
Managing a rental property can be a time-consuming and stressful endeavor, especially for hosts who have multiple properties or are located in another city or country. This is where professional Airbnb management companies come into play, providing a seamless solution for property owners. Professional Property Managers with established companies might not typically hire other Airbnb management companies for their core operations, as they often have the expertise, resources, and systems in...
The vacation rental industry is at the forefront of a digital revolution, embracing technologies that redefine guest experiences and operational efficiency. Let's dive into how these innovations are shaping the future of property management. 1. Advanced Property Management Software systems Modern PMS systems have become indispensable for seamlessly handling day-to-day operations. Any Professional Property Manager requires a robust system that streamlines tasks, spanning from reservations to...
Have you ever wondered how data analytics could revolutionize your approach to vacation rental management? In an industry where understanding the market and guest needs is crucial, diving deep into data analytics can be your key to success. Let's explore how. Decoding Market Trends through Analytics Think about the last time you made a big decision for your properties. Were you guided by intuition or data? Analyzing market trends through data can transform guesswork into strategic planning....
In a recent interview with VRMA Arrival, Dave Payette, CEO of 365Villas, shared invaluable insights into maximizing Property Management Software (PMS) efficiency within the vacation rental industry. His expertise highlighted crucial strategies essential for property managers looking to leverage their PMS to its fullest potential. The conversation with VRMA Arrival touched upon five pivotal tips: Evaluating Performance and Productivity Dave emphasized the need to scrutinize PMS capabilities,...
In the fast-paced world of vacation rentals, property managers often find themselves in a dynamic market where timely access to data is paramount for success.Equally important is providing property owners with comprehensive access to their property's performance metrics, a crucial aspect that cannot be overstated. Recent Research from 365Villas Recent research from 365Villas sheds light on a critical aspect of property management: owner access to data. Vacation rental owners are increasingly...
In the realm of effectively managing Short-Term Rental (STR) businesses, finding the perfect Vacation Rental Management Software means moving beyond strict feature checklists and embracing a more comprehensive approach. Let's delve right into the process of selecting the ideal software for your business. By employing strategies that promise a streamlined management experience, you can gain more free time and the potential to welcome more guests. A Wise Verification Approach When it comes to...