I recently opened a a 1 bed/1 bath vacation rental. The target market is couples traveling to Hendersonville, NC. You can peek at it here until I get it on our web site.
We have 2 show stoppers- the deck and the bathroom. The afternoon before we opened, we had spent ages putting finishing touches on things.
So, when the first guests checked out after a one night stay, I was excited to see evidence of how they enjoyed the property.
The bedroom looked fantastic, they even made the...
Travel is wonky right now. Some places are enjoying a resurgence of interested in their areas, others are still in lockdown.
But, people are traveling. Find out who and their WHY, so you can tailor your marketing to capture new bookings. Our team member, Rose, made this just for you! Scroll down to read it.
You can see the report here.
To Your Success,
Elizabeth Carson Ellington
Despite the stock market plummeting causing an economic downturn, there's a silver lining that you maybe able to benefit from.
As of late, the Feds have slashed interest rates to nearly 0. Now, let's talk about how you can take advantage of this current situation.
3 Ways to Take Advantage of the Low-Interest Rates Due to Coronavirus
Yes, believe it or not, even with the stock market dropping in numbers daily, there is a silver lining.
It’s real estate. The federal government...
The Coronavirus or COVID-19 has caused global concern - and has had far-reaching repercussions, especially in travel and manufacturing. People are not only worried about their health but how this disease is affecting the economy.
...but let’s not panic.
Let’s look at how the virus is affecting the vacation rental industry.
Vacation Rental Marketplaces Take On Coronavirus
Our industry has been hit hard. No doubt. Drive to destinations are faring only slightly better, but any place...
If you’re here, you must have heard about the benefits and value of owning a vacation rental and you want to know how you can get into this “elite” club.
Luckily for you, there are several ways you can get into this investment. But I do have to warn you, whichever path you choose, you will have to roll up your sleeves and work hard to build a vacation rental business that’s able to achieve wild profits!
Two Things You Should Know:
A good first impression is everything...with anything. So, your vacation rental is no different; however, it is a little tougher.
The first impression your potential guests are going to get with your Airbnb is over the internet. As many of you know, many things can be perceived differently and easily construed in a bad light more-so than if you had a physical first impression.
Therefore, you must be very careful with what you put out and how you put it out on your listings.
Sometimes, it's easy to get discouraged and feel like you're not making any progress, as if you're going backwards. I'm going to give you some context for what's happening...
1. There are definitely more owners and more inventory.
With the popularity in Airbnb’s rising, in terms of both guests and owners, there is more competition to work against. This will mean you’ll have to put more effort and intensify your strategic plan to stay at the top of the listing sites and above your...
Have you given your property a name?
Well, as listing sites or OTAs (online travel agencies), like HomeAway, Expedia, Vrbo, and Airbnb, take more and more from the customers and from the owners, direct bookings are becoming more important.
Named your property? Your Next Steps...
If you have a name for your property, you can buy that domain name. I recommend Namecheap. They are not a sleazy company with continual, sneaky updates. You can usually buy it for about $10 and you could just...
Airbnb started out as a really low budget platform. You could couch surf. You could stay in somebody's room in their house. And now it's had a total shift. You're not even allowed to count an air mattress, which ironically is how the owners started, by renting out air mattresses on their living room floor for $80 a night when there was a design conference in San Francisco because they couldn't make their rent. But now they even have Airbnb Lux. They have Airbnb Plus. They have super hosts....
I'm back with the results of the case study that I started last week. If you haven't seen that, go ahead and click here. But if you've been following this, you know that I have two homes in Hendersonville, North Carolina. Leaf season, which is right now, is really the highest season that we have other than Christmas. We have some festivals and other things that bring people in, but starting mid-September through October is our moneymaker. By Wednesday of last week, of my two properties, I had...