How to Choose the Perfect Location for Your Vacation Rental Property
Location. Location. Location. It’s a real estate mantra that rings especially true in the world of vacation rentals. Selecting the perfect location for your vacation rental property is often the most critical decision you'll make as an owner. It can dictate your rental’s demand, revenue potential, and ultimately, its success. But how do you choose the perfect location?
Unleashing Your Potential: Why Real Estate Agents Should Consider Starting a Vacation Rental Business
The vacation rental market is booming, and there's no better time than now for real estate agents to capitalize on this thriving industry. As an expert in property management and sales, you already possess the essential skills needed to succeed in this business. In this blog post, we'll explore the benefits of starting a vacation rental business and how it can complement your existing real estate career.
Welcome Gifts: How Important Are They to Your Airbnb Superhost Status?
A welcome gift can play a crucial role in helping a property manager achieve Superhost status on Airbnb (or Premier Host status on VRBO) by enhancing the overall guest experience and encouraging 5-star reviews.
What is Hygge?
The essence of hygge is to appreciate the simple things in life and to find joy in the present moment. This could mean enjoying a cup of hot tea, lighting candles, reading a book, or spending time with friends and family. The focus is on creating a peaceful and calming environment, which allows for stress and worries to be forgotten.
What Are the Key Performance Indicators for Vacation Rentals?
Short-term vacation rentals have become increasingly popular in recent years, with platforms such as Airbnb, Booking.com, and VRBO leading the way. To determine the success and profitability of these properties, owners and managers must track key performance metrics.
How to Price in a Competitive Market
Hygge Hospitality Partners uses our years of pricing experience to implement and build Dynamic Pricing to deliver higher returns to their homeowners. After selecting the correct pricing system for your business (i.e. PriceLabs, Wheelhouse, Beyond Pricing, etc.) the real opportunity is in adjusting your pricing and managing it in real-time. By determining to overprice the market on holidays, underprice on shelf seasons, and much more returns can be increased many fold.
What is a Virtual Assistant (VA)?
Hygge Hospitality Partners have successfully leveraged VAs in our own vacation rental businesses in the past. We found that the key to a successful VA is centered on stability, training, and implementation. Our team of VAs have all been trained and have prior experience in vacation rental management. We have found success with clients by overseeing the implementation process to fit our team into the variety of operation models used by managers.