With property managers charging up to 45% of rental income, more vacation homeowners are turning to the internet to book their rental properties themselves to save more of their rental income.
While sites like HomeAway have given vacation home owners a new place to advertise their rental properties, most vacation home owners find that these sites alone don't offer enough rentals to keep their properties booked. You can also look for the various vacation rental management services online.
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However, there are online management tools for vacation property management that can significantly reduce the time you need to manage this type of activity.
To help vacation homeowners find, book, and manage online rentals for their rental properties, here are a few of the most time-saving vacation property management tools every vacation homeowner should have.
1. Online reservation and reservation management system
If there's one thing online users expect, it's instant gratification. If potential tenants can't immediately book and book your vacation property online, you're reducing your chances of getting their assignment.
2. Self-updated availability calendar
If like most vacation homeowners, you can find enough tenants to book your property as often as you like, you will have ads on all the major vacation rental websites.
Do your research, though, as there are significant differences in these firms' cost, functionality, and setup procedures.