The benefits of applying sustainable practices to your short-term rental business is not only vital to the future of our planet; it grows your earnings too by giving your business more credibility and appealing to environmentally friendly guests. About 76% of global travelers said they want to travel more sustainably this year, according to Booking.com’s most recent Sustainable Travel Report. The most extensive Sustainable Travel research from Booking.com to...
The short-term rental market has grown exponentially in recent years, thanks to platforms like Airbnb and VRBO. This market has provided property owners with a lucrative source of income, while at the same time offering travelers with an alternative to traditional hotels. However, as the industry continues to evolve, so do the challenges for those interested in investing in the short-term rental market. Analyzing the short-term rental market is...
Is it even worth the effort to become an Airbnb Superhost? The definite answer is yes. There are at least three benefits that should make boosting your status a priority. When you become a Superhost, you’re rewarded with a special badge on your profile and listing making your listing more attractive to guests. First, guests who see the Superhost badge are more likely to book your place because they’ll...
To maximize your revenue as a vacation rental owner, you need to offer amenities that are in high demand for guests. There are certain amenities you should always provide and some that are nice, but not necessary. And of course, everyone is different, and some guests want amenities that others don’t necessarily care about. Location also comes into play as a mountain cabin requires different amenities than a beach house....
How to ensure your vacation rental bedroom is a space that’s cozy, welcoming, and worthy of five stars To acquire those 5-star reviews it is vital to ensure your property’s bedroom is a luxe retreat. The bedroom is more than just a place for your guests to relax and get a good night’s sleep, but the responsibility as a host to guarantee that your guests feel comfortable and at home....
Are you thinking of hosting on Airbnb? If so, it’s time to get your bearings. Understanding what the service is and who’s involved could help you decide which steps to take next. So how does Airbnb work? Here’s everything you need to know before becoming a host. What Is Airbnb? Otherwise known as Air Bed and Breakfast, this service lets hosts rent out accommodation around the world. Travelers are free to...
Sell or rent? Homeowners often face this question. If you own a home in San Diego, that you no longer use as your primary residence, or if it is an investment property, what should you do? Unfortunately, there’s no objectively right answer to this question. When it comes to selling vs renting, the final decision lies in where your financial situation is at that time, and how you wish to...
A home is a huge asset, but a second home in which you don’t reside in can be an income producing asset. If you know how to rent out your house as a vacation rental, you can generate a steady source of passive income. However, how much you earn also depends on the condition in which you keep your vacation rental. There are several other factors that we will discuss...
When managing one or multiple rental properties, making money through cash-flow and/or appreciation on your real estate investments is paramount. If you not securing either gain, the performance of your real estate investment becomes questionable. One of the biggest hindrances that come between landlords and net profits are dreaded taxes. There are a number of different taxes that landlords need to pay, depending on the law of their respective states. ...
Renting out a property comes with various responsibilities and a lot of things that homeowners need to be mindful of. Many homeowners want to know, “What is normal wear and tear in a vacation rental and how it differs from damages due to negligence?” The boundaries between the two can often be blurry, however, we want to try and explain what is normal wear and tear here in this article....
Homeowners often struggle to make their property rent ready on short notice. The problem can be even bigger when it’s a vacation rental. There are so many factors to look into and so many things to take care of. If you are not living near your property, it can be a lot of work. But that doesn’t mean it is impossible or you need to spend tons of money to...
How to choose a property management company is one of the crucial questions that property owners need to have an answer for, before they buy a property or with a current property they own. Owning real estate is great. But the responsibilities that come with it can be overwhelming, especially if you are professionally busy. From protecting the building to addressing guest needs and marketing the property, managing vacation rentals...
