From an owner perspective nothing beats staying at your own property(s). We all know how demanding and critical guests are. Turning a blind eye to know issues or even issues no one has brought to your attention only compounds the problem.
From a business perspective, go to the conferences...
Hi Jan,
There are some good PMS's that are not crazy expensive that I would call good reliable PMS's. No PMS in our industry has a better customer service reputation than OwnerRez. I have never understood if anyone liked OwnerRez why they wouldn't like ResNesus.
You asked for this>>give me...
Great podcast.
Takeaways:
18:00 minute mark > Do way more in the PMS which I have been saying since /2018.
24:00 minute mark > PMS Light, no threat.
34:00 minute mark > Bloodbath, could not agree more. The self proclaimed Airbnbers are in big trouble. Saturated market and with no escape route...
I have mixed feelings on this thread.
I love what Jetstream does, I have endorsed them, they have on boarded a property manager I consulted with. The first time I saw Jetstream the very first thing I said to Emanuel was this platform is built for investors. It is built for property owner's...
I love this post. That's exactly what I did, I blew it up and started over.
For many years I ran a very successful business but I knew deep down I had some major flaws and I was way too dependant on OTA's. Even though I had this, I knew I was in big trouble:
I knew the only way to overcome...
I see the brightest days for Vintory are ahead of them and this being a record breaking year. Occupancy down, rates down, owner's way overpaying for vacation properties, owner acquisition is in play like never before. The days of maximum occupancy and charge whatever rate you feel like are over.
@TrishMixer I love this idea. You have to listen to this podcast with Susan Ho from Hopper Homes. She was an event planner at one time > https://thenobsshorttermrentalpodcast.com/episode/s2e10-with-susan-ho/
If I could I would go to every single conference if I could, I have trouble dragging my wife to two or three a year. It is my favourite thing to do in our industry.
Every conference I have attended is packed full of industry experts and I could listen to them all day. Over 40% of the attendees...
There has been some emails received regarding which channel managers I approve of:
-NextPax
-Rentals United
-Lexicon
-BookingPal
-VacayHomeConnect
Remember what I said >certain channel managers do better with certain channels< and >be extremely cautious of the cost of your distribution<
Channel management might be the single biggest confusing and misunderstood topic I come across. Here are a number of the falsehoods I hear often:
“A PMS is not a channel manager”
“Channel Manager integration is superior to a PMS integration”
“You only need one Channel Manager to be successful”...
@MikeH, great blog and thank you for sharing.
My personal opinion on this is I have never seen the travel sector in such a delusional state.
I do not believe for a second we are coming out of covid. United States vaccination rate 59.7%. India, population 1.38 billion, vaccination rate 33.7%...
*I am grateful for the Vrmb community because without them I would not be where I am today.
*I am grateful to the vacation rental industry that has given me an opportunity to travel and the high standard of living it provides.
*I am grateful for the income vacation rentals has generated for us...