When executed properly, property ownership with short-term rental potential is a valuable income stream. Whether you are planning to use this income to pay for second-home operational costs or save up to invest in a third or fourth investment, the recommended first step of short-term rental ownership is to determine the right full-service property management company.
This article will review three reasons why a property management company is an indispensable piece of the rental income puzzle.
Consider the Impact of Traveler Trends
Traveler trends are heavily impacted by several different factors. Experts such as Expedia and TripAdvisor spend endless hours creating extensive reports to predict the future of travel, particularly so for U.S. travel in 2021. Suffice to say, the research and analysis of these wide-ranging trends is a daunting task for anyone, let alone individual owners.
What qualifies as a factor impacting traveler trends? And which of those factors affect the pricing and occupancy rates of your property? Below are a few of the most common determinants:
- Length of stay
- Traveler age and audience
- Transportation and price of gas
- Geographic location
It is crucial that all traveler statistics and trends are taken into consideration when setting up marketing campaigns and revenue models for spring 2021 and beyond. Your revenue management strategy relies heavily on the factors listed above and how they affect traveler trends.
Without the right data and expert analysis of previous pricing history, riding the wave of traveler trends is a challenge.
So, what’s the right strategy to stay on top of these trends? Stay Breeze full-service property management includes the support of an in-house team of revenue managers with more than 20 years of combined vacation rental pricing experience.
The revenue manager team expertly weaves together their in-depth market knowledge, data analytics, and in-depth previous pricing history and comparisons.
Stay Breeze drives revenue for its owners through the use of powerful dynamic pricing strategies and efficient adaptability to changes in the market.
Allow Experts to Effectively Market Your Home
The complex world of vacation rental marketing is constantly changing. Stay Breeze sets you up for success with a solid team to showcase and market your vacation rental. This team leverages professional photography, updated amenities, enhanced descriptions and clear marketing strategies to get heads in beds.
Stay Breeze’s team of marketing experts implements strategies to increase your revenue stream by getting your home in front of the right guests, at the right time, for the right price.
Tactics such as search engine optimization (SEO), pay-per-click (PPC) ads, display ads, paid social media and organic social support, all contribute toward an increase in reservations and repeat guest bookings.
These strategies are informed by a portfolio of more than 100,000 guests and top-producing digital marketing campaigns to improve rental performance.
Optimize Operations for Success
Technology is evolving at a blistering pace. This progress, fortunately, makes way for more efficient marketing, housekeeping processes, maintenance and guest operations.
If your intention is to maximize rental revenue, then you will need to focus on streamlining operations and rental processes. These two elements are crucial to save time and resources, and both are easily optimized by a property management service.
Property management programs, such as Stay Breeze, empower homeowners to rent their property with ease and rest in knowing their investment is well cared for.
Stay Breeze takes pride in offering owners peace of mind. All the while, the Stay Breeze team is increasing your rental income through contactless check-in and check-out, transparent owner reporting, onsite property maintenance and thorough cleaning services.