Finance and Legal Operations

By Jacobie Olin | 11/6/2024

Are you a short-term rental owner looking to build long-term success? Whether you’re managing a growing portfolio or preparing for a lucrative sale, the key is to begin with the end in mind. Planning your exit strategy early on will help you stay focused, maximize profits, and streamline your operations. Below are the top strategies for vacation rental owners—focusing on valuation, benchmarking, and preparing for the future.

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By George Meshkov | 10/7/2024

As a property manager, your success hinges on providing an exceptional experience for your guests while protecting your properties and revenue. In an increasingly competitive market, one of the most effective ways to achieve this is by offering travel protection to your guests. This simple addition to your service offering not only enhances your guest experience but also helps safeguard your business from potential financial setbacks.

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1/29/2024

Kevin Vozar, the senior director of business development and owner relations at Cabins for You, discusses the importance of estate planning for short-term vacation rental owners in this episode of the podcast. He shares his journey into the short-term rental market after a career in financial services and emphasizes the necessity of estate planning, highlighting the basic components: a will, a durable family power of attorney, and advanced directives. He stresses the importance of planning to avoid interruptions in property management and potential complications for heirs in case of an owner's incapacitation or passing.

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By Hal Conick | 4/5/2022

Mergers and acquisitions in the vacation rental management industry appear to be on the rise. If you’re considering buying or selling, here are some things to keep in mind.

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By Mark Taber | 8/1/2019

Most major decisions require some level of risk evaluation. In fact, we assess risk many times throughout each day — sometimes subconsciously. Risk management for business owners requires careful planning and attention to detail.

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By Susan Elliott-Smith | 7/25/2019

Risk management doesn’t have to be an anxiety-inducing aspect of business — it can become a prime opportunity to build best practices to support every area of your vacation rental operation.

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9/5/2018

While pretty much never your guests’ top of top-of-mind concern, choosing whether or not to purchase vacation rental insurance can be an important decision while planning a trip. You can help make your guests’ decision a little easier.

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