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Due Diligence

How to Level-Up Your Vacation Rental Business This Year

vacation rental tips for owners

While travel and vacation may look a little different these days, that doesn’t mean they aren’t happening. Instead of jetting around the world, many people are simply looking a little closer to home for their upcoming getaways. As a result, short-term rentals are becoming an even more popular option for those who want to avoid crowds while still enjoying some…

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Winter Pandemic: Properly Preparing Your Vacation and Rental Properties For the Season

winter vacation rental

At the beginning of every winter season, homeowners, RV road warriors, and property managers go through the winterizing process. This year, the winterizing process has a new item on the checklist: sanitizing for coronavirus.  Going through the deep cleaning process and adjusting winter habits isn’t just because it’s the year of the pandemic. Flu season begins in November and lasts…

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Is Recession Coming in 2020? Is Your Vacation Rental Property Safe?

Economic recessions come and go—every 4.7 years by some estimates—and that means we’re overdue for a financial meltdown, as this quote from a January 2020 Forbes article indicates: “While it remains unclear whether a recession will indeed occur and, if so, how significantly economic conditions will deteriorate, businesses are preparing for a potential downturn in the next 12 months,” [the consulting firm Grant…

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Occupancy Rate for Vacation Rentals: What Is It and How Do You Calculate It?

Occupancy rate is a key performance indicator (KPI) for the hotel and vacation rental property industries. Property managers use this indicator to measure the health and performance of their businesses.  Calculating your occupancy rate for a given period of time is as simple as dividing the number of units available by the number of units occupied. However, there’s a little…

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