Articles
7 Financial Housekeeping Tips for Vacation Rental Managers
Imagine your business is one of your rental properties. No matter how much curb appeal it has, if the interior is a mess, it’s not going to live up to its potential. The same logic applies when it comes to your property management company. Even before going public, many successful companies depend on clean financials…
Read MoreRevenue Management 101 for Vacation Rentals
Revenue management for vacation rentals is more than pricing Dynamic pricing has been a cornerstone of the hospitality business for more than a decade, but it’s only one piece of revenue management for your vacation rental business. Even for companies who operate with very little overhead costs, if you don’t know how your variable costs…
Read More5 Short-Term Rental Property Manager Headaches
Managing properties at scale – whether it’s real estate, hotels, rentals, or something else – is certainly no easy feat, but short-term rental property management comes with its own special set of challenges. First, many vacation rentals in the U.S. are owned by individuals and managed by a property management company (PMC). This adds a…
Read MoreHow To Use Accounting Software with A Property Management System
Vacation rental management is an attractive venture, but it also comes with specific financial duties and obligations. For example, property managers have a duty to keep owner funds secure and accurate by preventing commingling. Commingling funds means to mix expenses or income inappropriately, and it must be avoided by keeping business funds and owner funds…
Read More