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Hospitality

How COVID-19 (Coronavirus) Is Impacting the Real Estate Market

Property owners know how red-hot the housing market was in this country in 2019 and even into the first few months of 2020. But then came the COVID-19 outbreak, causing disruption in the economy, closed businesses and soaring unemployment.   It is no surprise that the coronavirus called COVID-19 is impacting the housing market. Few sellers are listing homes, and…

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How Smart Air Filters and IoT Apps Can Help You Prepare for Seasonal Allergies

Homes have evolved to become much more than just a roof over our heads. Tenants desire a refuge from the noise and pollution of day-to-day life. While you can’t control the outdoors, you certainly can help to control the air quality inside the property as part of your smart home system. Indoor Air Quality is Far More Important Than Most…

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5 Key Ways Property Management Companies Can Navigate COVID-19

Coronavirus has upended the travel industry and forced the short-term rental community to consider creative, new ways to maintain business stability. While the challenges are certainly very real, our industry is young, agile, and full of innovators and big thinkers. So, while short-term property management companies have been among the businesses hardest hit, they are also among the best-positioned to…

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Choosing the Right Smart Home Upgrades for Your Winter Rental Property

Anyone who loves skiing or snowboarding is likely to head to the mountains in the upcoming months to relax and enjoy the winter sports. That means that smart homeowners and investors will take the time to review the amenities in their winter vacation rental property before these vacationing guests arrive.  Winter vacation rental properties can be great investments depending on…

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Key Tips on How to Combat Rental Fraud and Create Legitimate Vacation Property Listings

The home and vacation rental property industries are fraught with con artists and scammers. One of the most common cases of rental fraud happens when scammers copy photos and descriptions of real properties, post them online and demand an upfront deposit from the victim. After getting the money, the scammers disappear.  Cases like this are constantly making their way into…

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How to Prepare Your Home for Travel With Smart Technology

No matter how secure your neighborhood feels, leaving your home alone while you’re traveling may come with a touch of anxiety. After all, the most recent FBI statistics on property crime reveal the following: More than 7 million property crime offenses happened in the United States in 2018. The rate of property crime was almost 2,200 per 100,000 inhabitants in…

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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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What Makes a Smart Home “Smart”? The Answer Is Automation

Managing a single property requires a great deal of time and attention to detail. You need to watch for leaky faucets, pipe-freezing temperatures, HVAC maintenance issues and a whole lot more. Moreover, if you spot a problem, it requires even more time to meet repair people at your home. A smart home system can relieve many of these burdens, but…

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California IoT Law and Regulating the Internet of Things

As the world has come to rely increasingly on technology, everything has shifted to reflect that focus, including criminal activity. Hardly a month goes by without news of a new hacking incident in which criminals accessed the private information of consumers. This is particularly an issue given the vast numbers of interrelated computing devices on the market today. California is…

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