Vacation rental sites have become incredibly popular, and it’s amazing how much money is going into optimizing the industry. You’re probably familiar with sites like Airbnb and Vacation Rental by Owner (VRBO). There are all these websites that actually allow you to take pictures of your property, list it, and put it up online.
If your goal is to just have one vacation rental, you could probably get away with just doing that. You can list the rental on Airbnb and VRBO and link it to have the rentals go between each site. If, however, you are a real estate investor or someone who is using vacation rentals to make some extra money on the side or maybe this is your vacation home that you are now choosing to rent while you are away, you are going to want to use technology to maximize your return.
And by maximize your return, we mean return on time. If you can use technology to automate your processes, there is a huge return to earn on your investment.
Sync with SmartBNB
SmartBNB is great because it allows you to upload and connect your Airbnb and VRBO so you can input automatic responses and automatic emails so you can communicate with guests 48 hours after they check in.
PriceLabs syncs your Airbnb and your VRBO platforms and allows you to put price ranges on your rental. For instance, if the property is not rented by a certain date, it will allow you to select a price reduction based on the rental deadline you set. It allows you to change and adjust your pricing based on demand. Usually, you have to go into the system and adjust it manually day by day, but with PriceLabs, the system will do it for you.
Working with Logify
Logify allows you to upload your listings from Airbnb and VRBO, and it has a reservation software and a tool for you to create your own website. Airbnb and VRBO do not do what they do out of the goodness of their hearts. They are businesses. Businesses charge owners and travelers fees for using their service. Logify allows you to capture your clients or have a landing page of your own to gather clients.
Once you get your clients from Airbnb, if they are ever a returning guest, you can have them come through Logify instead of going through Airbnb. So, when you’re able to get them into your rental through Logify rather going through the Airbnb or VRBO first, you’ll spend less on fees, and so will they – which means you can increase your prices since it will still be cheaper for them to reserve directly through you.
These are the three main technology sites that can help you run your vacation rental. If you have any further questions, please contact us at Domu Property Management.