The Challenge of Managing Vacation Rentals Across Multiple Markets
By William Parry | 2/13/2024
Ambitious property managers who want to diversify and grow their inventory, scale their business and further establish their brand often look to international markets. Working across multiple countries can bring significant advantages and profit but can also present a variety of challenges.
Inside KEY.co’s Capital One Venture X Partnership
Kim Lalande from KEY.co discussed significant updates since their last conversation. The company has experienced substantial growth, expanding its curated home inventory from 700 to over 3,000 properties, aiming to hit 4,000 by year-end. A major announcement was their partnership with Capital One Venture X program, targeting high-end spenders with curated inventory and personalized services, enhancing the overall stay experience.
What’s in a Name, and the Inevitability of Risks, Hazards, and Failure
By Jessica Gillingham | 12/11/2023
During these troubled times, it’s hard to stop and think, but it’s important we do. A great deal is going on in our collective industry, but it is also really important to stop and think about the risks and potential hazards ahead. Particularly when we are faced with such uncertain and challenging times globally.
Beyond Rent: Creating New Revenue Streams for Your Business
By Brise Carpenter | 12/5/2023
As the hospitality world has evolved beyond traditional accommodations with the emergence of game-changing platforms like Airbnb and Vrbo, property owners have strategically embraced more and more ways to monetize their assets. The opportunity to rise above mere rent collection beckons. With thoughtful implementation and by embracing the intricacies of direct and arbitraged upsells, platform referrals, coordination fees, and affiliate deals with other vacation rental management companies (VRMCs), hosts can further prosper in an ever-expanding market.
Innovating Procurement with Ashley Ching
Ashley Ching, the founder and CEO of Inhaven, discussed her professional procurement solution for the vacation rental industry in an interview for the VRMA Arrival podcast. Inhaven helps vacation rental owners and property managers standardize the products in their homes and maintain those standards through a tool called Inhaven Keep. Ching shared her background as a mother of four and a frequent traveler, highlighting the issues she faced with inconsistent and misleading descriptions of vacation rentals.
Navigating the Vacation Rental Market with Travel Insurance Expertise
By George Meshkov | 11/27/2023
The vacation rental market has witnessed remarkable growth in recent years, with travelers seeking unique and personalized experiences. For property managers, this dynamic landscape offers tremendous opportunities but also comes with its share of challenges. In this article, we will delve into essential strategies for property managers to excel in the vacation rental market, catering to both seasoned professionals and newcomers.
Industry Insider’s Top 5 Tips and Advice for Maximizing Your PMS
By Dave Payette | 11/27/2023
Most property managers in the vacation rental industry invest in some form of property management software (PMS). From booking management, payments and housekeeping, to accounting and more, a PMS streamlines operations, exploits revenue generating opportunities, and enhances customer service.
What Changes When a Property Manager Goes Down the Franchise Route?
By Ryan Dame | 11/6/2023
Vacation rental management has become a boom industry, but more and more property managers are realizing you don’t have to start from scratch. The technology exists nowadays to get a massive head start in terms of how quickly you can scale your rental business. But there’s another step you can take to make life easier at any point in the lifetime of your company too.
Scaling and Adapting with Will Parry
In this episode of the podcast, Will Parry, CEO and co-founder of ALTIDO, discusses various aspects of his company. ALTIDO is a hospitality-focused property management company operating in Western Europe, including the U.K., Portugal, Italy, Spain, and France.