At Rented, we spend every day talking about Revenue Management Tools and Services with our vacation rental manager clients. Many of them have the same question, “What do all these terms mean?” The language of revenue management helps to convey the key data points that should be understood and tracked for performance. Here’s a refreshed list to get started speaking …
Pricing is one of the most nuanced aspects of vacation rental property management. But it’s also the most time-consuming, and its effects are not always immediately felt (unlike paying out operational costs or managing a budget). Revenue management is one of the best ways to ensure the health of your vacation rental property management business, whether you use a revenue …
At Rented we’ve spoken at length about the various ways that market demand impacts vacation rental revenue. The market drives how you set your rates—and how you make adjustments to your rates as consumer behavior changes. But some vacation rentals are more sensitive to changes in the market than others. And keeping up with those shifts in the market can …
Whether you are just starting to research dynamic pricing and revenue management for your vacation rental portfolio, or you are assessing your current pricing tools, we’ve got a list of top features that are important to consider. Using a revenue management system to manage your vacation rental pricing can help make setting and adjusting your rates easy and more accurate. …
Vacation rental homeowners come to vacation rental property managers like you for expertise in the industry. By outsourcing the management of property maintenance, listings, and revenue, homeowners can get the most out of their investment without all of the hassles. But for most vacation rental homeowners, investing in a vacation property is just that: an investment. Which means they want …
Grow Your Vacation Rental Property Inventory Over the last few years, vacation rentals have become the preferred way to travel—and with the onset of the global pandemic, that desire has manifested in a major booking boom. But even though occupancy rates for locally owned vacation rental management companies are skyrocketing, supply for vacation rental property inventory is low. Jed Stevens, …
Everyone loves data. Scientists love data. Marketers love data. And in recent years, vacation rental property managers have jumped on the data bandwagon, too. The more accurate vacation rental pricing data you can gather, the more competitive and agile you can be with your rates. In fact, the increased popularity of dynamic pricing in the vacation rental industry is, in part, …
Whenever we start a discussion about guest data in the vacation rental industry, it’s always worth noting that the industry as a whole— and compared to other hospitality industries— is in its infancy. So if you are a property manager who is swimming in data but unsure of what data is important and how best you can put it to …
There is so much to cover when it comes to vacation rental property management fees. We’ve spoken to experts on the topic about why fees are so complicated, and a little bit about the different types of vacation rental fees. But there isn’t a truly comprehensive list of the fees you should or shouldn’t have and the exact breakdown of …
Are you frustrated with your vacation rental property management revenue management strategy? Are you interested in increasing the maximum revenue potential from each of the properties in your portfolio? If so, then read on to learn more about dynamic pricing strategies that vacation rental property managers can use to increase revenue. We’ll explore strategies for increasing your vacation rental prices …
