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Jean-Philippe Ramé of 2 Be Apart in Lyon France is something of a vacation rental icon: he’s one of those entrepreneurs that sort of transcends industry and his management fleet is about as personality-driven as anything I’ve ever seen (check out the website if you don’t believe me). It was in Barcelona, Spain at the KigoWorld event that Jean Philippe was sharing with me his strategy for baking flavor into...
Jeff Jensen and his team of concierges at Utopian Luxury Vacation Homes believe that personalization is luxury: that placing your favorite newspaper or a hat from your alma mater in your vacation rental can convey thoughtfulness and win repeat business. But in order to personalize you need to know something about those guests — something personal. So from the moment of receiving the inquiry, Jeff’s...
Mike Harrington was the de-facto head of VRMA up until a few hours after our conversation. He’s also the President of Topsail Realty in North Carolina which was hit by a nasty hurricane in September. Almost 75% of Mike’s properties had damage so this was a pivotal learning experience for him and his team. Mike’s big saving grace was trip insurance. If you’re the kind of person who thinks a natural disaster...
IDEA: Vacation rental marketing is like the local pond where people catch fish. Take care of your pond today -- keep it clean, manage plants, control algae, and throw back fish that are too small) -- and the pond will sustain you all for a while. But forget about the pond's health and everyone's fishing eventually dries up. ACTION: Do a quick 'audit' on your marketing portfolio to make sure that for each...
If a guest has a problem while staying with us, we not only sort out the problem as quickly as we can, but we...
Eric Bay is a connector. He’s the kind of guy that every neighborhood would be lucky to have: he shoots straight, he respects opposing viewpoints, and he’s willing to work hard for the community. Pretty much a model small business advocate. He’s also the President of the Alliance for Neighborhood Prosperity, which, based in New Orleans, is one of the most influential short-term rental advocacy groups in the...
Jeremiah Gall is a vacation rental pioneer: he was one of the founders of the listing site FlipKey, which was eventually sold to TripAdvisor. And not willing to leave the industry, Jeremiah’s latest brainchild is Breezway which is an app that allows hosts to optimize the operations of their vacation rental businesses. After the Streamline conference in Phoenix, Arizona I got the chance to challenge Jeremiah...
Durk Johnson is a housekeeping guru. He’s the director of the Vacation Rental Housekeeping Professionals (VRHP) but he’s also the consummate systems thinker: Durk is always looking for a way to systematize or temptatify or create a framework that can be followed and scaled: it could be argued that Durk's ability to do this has the potential to unlock the vacation rental industry as a whole. This interview...
Warning: What I am about to share with you holds little weight in a formal business setting. It's not something my professors ever covered in business class. It never shows up on the profit loss statements at the end of the month. You won't find it in any formal contract and it's certainly never mentioned at "Disruptive" tech summits or conferences. And yet it might be our greatest secret weapon of all. When I...
Megan, How is the diffuser received? I love one in my own home, but am concerned that tastes vary so much, and people are sensitive to smells, that it might not be a good option in our rental.... thoughts?? Very well. Only do VERY LIGHT drops of lemon and lavender for...
It's not often I meet a mastermind like Jeanne Dailey, she's the Founder and CEO of Newman-Dailey Resort Properties in Destin, Florida. Like many vacation rental professionals, Jeanne is keen on the idea of diversification. But unlike many vacation rental professionals, Jeanne views this concept through an industry lens: having built several pillars in her business to avoid having all her eggs in the vacation...
John Dean of Only Provence is what I like to refer to as one of the most limited edition property managers in the world. His fleet of properties are widely recognized as the best properties in the Provence region of France. But this distinction does not happen by accident. I was in Barcelona, Spain at KigoWorld when John told me about this tactic. I asked him to step into the side room and we archived it for...
Brad Stewart of Stewart Mountain Lodging in Sundance, Utah is one of my best buddies in the industry. I think it’s fair to say that I admire his work as much as he appreciates mine. More specifically, I really admire how Brad thinks in systems and processes. And as a property manager, one of Brad’s big turning points was with regards to his owners: like we’d strengthen any good relationship, he and Vicky created...
Over the last five years, I’ve had the pleasure of meeting many of you around the world — sometimes only for a few minutes after a presentation, other times at length over meals, walks, car rides..etc. And although our industry is so diverse and all our businesses goals so unique, I began to notice a pattern about your businesses (no matter the size/age/location) when compared to others in our industry. Some may...
A suggestion re. the idea of Golden Ratio calculation: simplify it by calling it Earned-to-Bought index of revenue. Where "Earned revenue" is from bookings where the host paid no commission to any third party platform. "Bought...
Alex Barba was the General Manager at BCN Apartments when we recorded this conversation -- it's a boutique vacation rental fleet in Barcelona, Spain. And while he's not there anymore, the way he helped change my perspective on start-ups, acquisitions, and problem solving in our young vacation rental industry still whispers at me regularly. It's a creative solution for any property manager not satisfied with...
Mailie Green manages three vacation rental villas in Bali from her home in South Africa. And like any manager, she is constantly on the lookout for ways to boost occupancy in the low season: she is always open to ideas that result in a win for everyone involved. This particular technique started with a skeptical email...but it has turned into one of her regular booking channels, while simultaneously benefiting...
This past weekend I had dinner with a cornucopia of business professionals. At the table sat a video game software developer, a painter, a special education teacher, an intellectual property rights lawyer (who also happens to be my upstairs neighbor), and a shrimp broker (who literally sells fresh Louisiana shrimp to restaurants around town). And when it was my turn to introduce myself, someone leads in like...
Great stuff here! I've always known professional photography to be of utmost importance as it has been my families' business for well over 100 years (excepting the picture to the left as we opted for a more informal shot for this...
Lawrie Lawrence is a real estate guy. He loves real estate. he’s really good at real estate. And only recently has he become infatuated with a new kind of real estate, and that’s vacation rentals. But in his typical renegade style, Lawrie doesn’t do anything textbook. What I like most about Lawrie’s boat model is that it is based highly on statistics and evidence. He wouldn’t invest in something that he wasn’t...
Trust comes when a vacation rental host is genuinely more interested in ensuring that the visitor has a great vacation than in getting them to book his or her property. The vacation rental business that builds the most trust, wins. Question: What are the best ways to earn trust with future and former guests? (I’ll begin posting other responses that come in from non-IC members below)
Hi folks, I'd like to try to do these kinds of MMMs more often in which we take a deep dive into one particular technique or factor or idea throughout the week, use as much input as we can to produce something actionable (or at least...
Bernardo Retana of Otium Residences in Marbella, Spain has a great pedigree of hospitality and finance. But what I like most about his topic here is its unconventionality — it’s innovative in that no one taught him or instructed him to do this. But simple enough that pretty much all of us could do it too. I was drinking beers with Bernardo in Barcelona, Spain at the KigoWorld event, when he shared the Whatsapp...
When we talk about the “holy grail” of vacation rental marketing we talk about the repeat guest: the guest who knows and loves your vacation rental: the guest that you consider almost a friend. And to cultivate repeat guests, there are two spheres to consider: Sphere 1: Activities that cost money and activities that only require time. Sphere 2: Activities that are done a) pre-booking, b) during the stay, and...
Yesss! Easy to do with a decent CRM or property management software. Well, I'm still kinda stuck...
This week will mark the end of an 8-month vacation rental fact-finding mission around the world filming Season 2 of A Sense of Place (premier in just a few weeks!) In this time, I visited 14 cities (Las Vegas, San Antonio, Phoenix, Boise, Bowen Island, Park City, New Orleans, Rio de Janeiro, Montevideo, Lisbon, Budapest, Bali, St. John, Lindsborg, Kansas), gave several keynote presentations, hosted a number of...
J
  • Jens
Hi All, It's been a while. Have a quick question for the group. Over the past two years it's become clear that our core markets are... a) family gatherings / reunions... usually multigenerational in high / shoulder season - summer, Christmas, Easter etc. b) group...
@Sallie totally. :)
The vacation rental industry has exploded in the last few years with big players. Big players like AirBnB, HomeAway & Booking.com have been rapidly consolidating the industry, creating an industry with more familiarity that’s palatable to the average consumer. But what does this mean for the “mom-and-pop” style businesses who don’t want to grow? Those who would rather create a small limited edition business...
Ralph and his wife Karen, like many people, fell in love with Paris. However, instead of doing what most people would of done, they began buying property in Paris & Nice. Since then, they have been successfully operating a vacation rental business remotely. In this episode we learn how Ralph and Karen have created a remotely operated business process, and how they’ve overcome the tragedies brought on upon by...
Jan Stevens’s journey in the vacation rental industry began when she inherited an old family fishing shack that they bought for $1,200 in the 50’s. Realizing she could leverage her talents as a professional interior designer, she turned the home into a vacation rental. As peers began to take notice of her business, they began asking her if she can manage their properties too. Jan shares her experiences growing...
Rick Oster’s career has had many twists and turns. He spent most of his professional life climbing the corporate ladder as an overworked executive in the television & cable industry, and then took a detour to building his own aquatic installation company. Eventually, a curious insight led him to build his first vacation rental, a business he had zero experience in. Now, as the owner of Oster Golf Houses, Rick...
Teena Kulakowski is a former chemist who now runs the successful Four Seasons Lodge in New Hampshire. Her experiments have taken her from newspaper advertising to chainsaw artists to building her own website. Along the way we’ll find out that the “secret ingredient” to her vacation rental’s success is a high dose of good ol’ fashioned personality. You’ll leave here learning the value of knowing your audience, why...
Darik Eaton is the founder of Seattle Oasis Vacation Rentals. After the 2008 financial crash Darik closed down his business in commercial finance, and transformed his vacation rental from a simple side business, to a full-time vacation rental property management company with over 45 properties. Darik shares his experiences growing his vacation rental business, exporting his business model to Hawaii and the most...

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