Introduction
Rental business is no game, even if you want to do it for a short time or on a part-time basis. This type of business demands your attention to detail, analytical thinking, promotion and marketing skills, and a sense of hospitality to serve your travelers efficiently.
Managing the ongoing information of a vacation rental property business puts you on a pedestal when you’re traveling around. That is when a reliable, transformative, easy-to-use, and cost-effective vacation rental software comes into the picture.
While adopting such a software, you have more control over daily operations from listing/delisting properties, adjusting prices, checking bookings, sending invites, and automated emails.
Let’s read below about the effective ways to improve the management of short-term rentals.
6 Ways to Manage Short-term Rental Business with a Software Efficiently
1. Launch your website.
A short-term rental direct booking website is a must-have feature to start this business. But it’s not a two-minute task to accomplish. It requires you to be sure about:
- The website name
- Website logo
- About Us page content
- Services and utilities you’re providing
- List of all updated properties
- Photos of the properties
- Detailed address of the properties for renting out
The list goes on. When opening and launching your website for this business, your brand becomes a persona with which the guests can connect. Embed more widgets there, like contact us buttons or search boxes.
Make the user experience on the website more seamless, self-serving, and easy. It speeds up their decision to reserve a hotel, vacation home, or resort, depending on what you’re offering them under their budget.
2. Sort direct bookings from your guests.
One of the smartest ways in which rental property management software helps you is by sorting the bookings in one place. Why must you talk to each individual or keep checking different files or folders for booking or reservations?
This will save you a lot of time that you waste following up or assuring no dropouts.
Direct bookings help guests reach your team without hassle.
3. Removing the middlemen and saving on commissions.
You need to save costs as much as you can when you’re running a short-term rental business. It means you need to take over the work of the middleman and remove their interference.
This will improve your profit margins, and you will get to keep more earnings from a single booking next time. However, that means you must focus more on marketing and distribution.
Nonetheless, your profits can be used to pay your in-house staff better. Otherwise, you can keep upgrading the property with extended margins. Later, you can alter the prices as well accordingly.
4. Online communication with the guests.
When acting like a channel partner, you need a direct communication channel with your guests. This helps to build and strengthen your interpersonal relationship with those who are regulars.
They can leave a review for your property on the site or anywhere else. This improves your online reputation and ratings. With increased genuine reviews and ratings, your cost for acquiring new guests reduces. You can get automated bookings and referrals after a while.
Then you have more money saved, which you can put into giving the best of the best experiences to your clients. You can run premium discounts or subscriptions for your regulars and initiate communication about the same.
5. Automate integration with the calendar.
Update calendars automatically while using the software. Manage the bookings and dates of each property you list on the software. This helps you book and encash the days when guests check out.
All this information about the calendar and bookings is available in one interface or panel. You don’t have to switch tabs or make new notes separately to manage your workdays.
This makes the rental business simpler, easier, and more transparent to scale up later if you have time and money. Such a calendar must be easily accessible from anywhere. You can share this calendar with more users if those are the admins, too.
This makes the process more seamless when running a rental business every day, even if it is for a particular season. More than that, you get a hint or estimation of the busy days ahead of time. Then, you can manage your personal and professional commitments accordingly.
Also, on busy days, you can hire extra help when the calendar is full, and guests demand extra services meanwhile.
6. Listing multiple properties or resorts to rent out.
Planning to rent out multiple properties at once? How do you think you can manage those while moving from one place to another? Going to each property and manually overseeing the income and tasks seems flawed and unmanageable.
It is best that you implement property management software. It helps you list multiple properties at once.
Adjust their photos, prices, and other relevant details like:
- Distance from commute from one place to another
- Eateries around the place
- Historical places to explore around the property
It makes the entire property more attractive. Also, highlight the best things about the property to increase sales or brand recall.
If possible, include the option of leaving reviews on the website using the software. This enables the user to leave a comment or query there.
You can also delist a property while promoting another one for a while. This will be a smart move to manage multiple properties and redirect bookings from one property to another, especially if there are numerous in the same locality.
Ready to manage your short-term rental business in simple clicks?
Manage your short-term property rental business today with software that lets you sit back and oversee tasks and bookings. Let go of the old and traditional ways of calling each person manually.
Let them come to you after posting and launching an attractive website that drives traffic and queries itself. Adjust prices, bookings, calendar invites, and property details at once, even if for the short term.
Renting a business is not a hassle but an opportunity to earn passive income regularly. Hire more staff when the property business booms with incessant booking requests.
