‘Sustainability’ is not just the catchword of the decade for the hospitality industry. Arguably, it has become the sector’s absolute, singular truth. And vacation rentals are not immune to this imperative of creating a quality, green consumer experience. This explains why short-term rental businesses have been quick to adopt smart home automation. By boosting efficiencies in scheduling and maintenance, smart…
The benefits of property automation in the short-term rental industry are well documented: operational efficiency, cost-effectiveness, asset protection, high standards of service delivery, the list goes on… The upshot of which is delighted guests and happy owners. Property automation – traditionally the reserve of the big guys But, up until now, property automation tools have largely been seen to be…
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…
Who could have predicted the challenges of 2020? COVID-19 wreaked havoc on our bodies, minds, wallets and even our living circumstances. Some Americans took the leap to purchase their first homes because they wanted more space for living and working during the lockdowns. Others had to move in with friends or family members because they lost their jobs and could…
COVID-19 pandemic conditions and social distancing recommendations make real estate showings challenging. How are you supposed to show a property to a would-be renter or buyer without physically meeting them? Moreover, if you’re looking for a new home, how can you expect to shop around without interacting with multiple property managers or real estate agents? The answers to these questions…
The COVID-19 pandemic has negatively affected virtually every financial industry, including the multifamily real estate industry. To minimize these impacts and ensure that your multifamily real estate business can survive the pandemic, it’s important to understand and prepare for the future of multifamily real estate after COVID-19. In this article, we’ll highlight the most relevant COVID-related trends in multifamily and…
The COVID-19 pandemic has resulted in a worldwide effort to stay and work at home, socially distance from others when outside, and avoid contact with communal surfaces. At the same time, the smart home technology market is overflowing with innovative and exciting new gadgets. With the new realities of homebound life, many are turning to smart home technology to make…
Running a rental business is difficult, but rewarding. COVID-19 is certainly one of those difficulties, so much so that issues outside the pandemic might be ignored or shrugged off as insignificant in comparison. These factors aside from a pandemic could disrupt your business in the future and that there are steps you should take preemptively to protect your interests. There’s…
There’s no question that people’s values change over time, and as a consequence, the things they value in their rentals change as well. For today’s rental properties, it’s not enough to be clean, well-photographed and well-reviewed. You must also find a way to differentiate your property so that renters know that it provides an experience and sense of escapism that…
The entire country is taking a timeout from real life to follow the hunkering-down, stay-at-home orders, as the government tries to limit the spread of Coronavirus. As a result, traditional spring break vacations have been postponed or canceled. But once this pandemic has passed, many people will be eager to celebrate with a vacation. That means that real property investors…
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