Feds Cut Interest Rates - 3 BIG Ways to Take Advantage

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...

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Is COVID-19 Shaking Up Your Vacation Rental Business?

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...

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8 Solid Ways You Can Get Into the Vacation Rental Business

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:

  1. Owning a vacation rental is NOT a...
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How to Make a Good First Impression with Your Vacation Rental

Uncategorized Oct 24, 2019

A good first impression is everything...with anything. So, your vacation rental is no different; however, it is a little tougher. 

Why?

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.

When...

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Why Your Vacation Rental Bookings May Be Out of Wack

 

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...

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Your Next Steps After Naming Your Vacation Rental

 

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...

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A Game Changing Deal You Won't Want to Miss

 

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....

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Case Study: Last Minute Bookings - Part 2

 

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...

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Case Study: Last Minute Bookings - Part 1

 

Do you ever have times when you're frustrated, because you haven't made the bookings that you expect to at a certain date? That is happening to me right now.

I spent about an hour yesterday on the phone with Airbnb and one of the reps took an in depth look at both of my Hendersonville properties on Airbnb and said they were nearly perfect but there was one minor change that we had to make.

I couldn't figure out how to get advanced notice off of one booking and apparently it was to do with my...

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Vacation Rentals: Top 10 Ways They've Impacted My Life

 

This list was done a couple of years ago but they still stand true. So, without further ado, here are the top 10 ways vacation rentals impacted my life for the better.

#10 - Happy Travelers Funds paid for my homes.

#9 - No mortgage.

We have a 2-bedroom home that we're going to make into a duplex, and when we rent out the other side, nine nights a month, we have no mortgage. Everything above that is pure profit.

#8 - Constant learning.

I get to go to conferences, listen to podcasts, read...

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