Using The Carrot Model™ To Conquer Complaints

Lauren Blog

Conquer Your Vacation Rental Guest’s Complaints with These Simple StrategiesCONTRIBUTED BY DOUG KENNEDY, KENNEDY TRAINING NETWORK Anyone who has ever attended a training session on customer service has probably heard the trainer throw out the statistic, “An unhappy customer tells 9 to 10 others…,” which originally came from a study published by the U.S. Office of Consumer Affairs in 1986.  …

Investing in the Short-Term Rentals during COVID-19

Lauren Blog

Are Vacation Rentals a Good Investment Right Now? There are many questions that face investors considering new investments in vacation rental properties.   Is now a good time to buy?  What does the state of the short-term rental market look like? What can I expect the closing process to look like given current social distancing protocols?   Real-Estate Values in …

Syncing Calendars between Distribution Channels

Lauren Blog

I have a Vacation Rental…how can I prevent double bookings? If you’ve been managing vacation rentals on  Airbnb, VRBO and Booking.com, chances are you’ve experienced the dreaded “double booking” because you got a booking on one site and shortly thereafter got another booking on a different site because you failed to block the inventory on other distribution channels you use …

Why the Rise of Instant Book Gives Rise to Dynamic Pricing

Lauren Blog

“Life moves pretty fast.  If you don’t stop and look around once in a while you could miss it.” Ferris Bueller Classic movie.  Basic concept.  When it comes to short-term and vacation rentals, one of the most basic and important concepts is the price.  Of course, operational excellence like cleanliness and safety is a necessity, and having good content and …

Pros and Cons of Airbnb Smart Pricing

Lauren Blog

Why should I use Airbnb smart pricing? Airbnb launched Smart Pricing in 2015, and a lot has changed in 5 years.  Though the specific algorithm and functionality of this  Airbnb pricing technology may still be somewhat the same, there have also been new entrants to help you with dynamic pricing and yield management.   If you’re looking for price automation and …

3 Ways to Use Length of Stay Pricing Strategies to Drive Higher Revenue

Lauren Blog

Wouldn’t your love for every booking to be 7 nights? If only all demand was for 7 nights or more….a girl can dream.  Practicing length of stay (LOS) pricing your home across all channels – Airbnb, VRBO, and maybe even Booking.com or others can help make more money off your vacation renal. But getting to the point (and reality), let’s …

Make Your Listing Stand Out: The Power of Images

Lauren Blog

There is a fine line between struggling to cover the costs of owning a vacation rental property and turning a profit. Certainly, there are several tweaks an investment property owner can make to nudge the financial needle; by far the most impactful move you can make is to invest in your vacation rental photography. Learn more about what you can do to make your property stand out.

Budget and Control Your Vacation Rental Expenses

Lauren Blog

I have a Vacation Rental…how can I control my expenses? So you have a second home and you’ve decided to manage it as a short-term vacation rental listing it on websites like Airbnb or VRBO, rather than leasing to long term renters. Good for you!  Owning and managing vacation rentals can be a profitable and enjoyable business venture. However, as …

Are Vacation Rentals a Good Investment?

Lauren Blog

Is a vacation rental a good investment for you? SPONSORED BY VROLIO Is a vacation rental a good investment for you?  To decide, you first need to determine your goals for the purchase.  Do any of these apply to you? Is it your dream to own a property in a vacation destination?Are you seeking a particular return on your investment? …