Short Term Rental Riches

175. What Landlords Need to Know Before Choosing a Short-Term Rental Property Manager

Mar 21, 2023
Uncover the secrets to successful short-term rental management! Discover how effective hospitality can set your property apart, even without on-site staff. Learn about essential pre-check-in tasks like advertising, guest verification, and pricing strategies. The fine balance between automation and personal touch is explored, along with the importance of communication. Every little detail counts when it comes to enhancing guest experiences and making informed decisions!
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INSIGHT

Management Quality Beats Property Class

  • Management quality impacts short-term rental success more than property class.
  • A poorly managed A-class property can underperform compared to a well-managed B-class property.
ADVICE

Expand and Maintain Advertising

  • Advertise on multiple platforms including Airbnb, VRBO, Booking.com, and have a direct booking website.
  • Use professional photos and update listings monthly to leverage new platform features.
ADVICE

Vet Guests Before Booking

  • Verify guests thoroughly by checking their past reviews and require additional info like updated ID and check-in form.
  • Cancel bookings without penalty if guests have bad reviews to protect your property.
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