For many homeowners, the vacation rental business has given great yields and has encouraged them to invest in multiple properties. Of course, when managed correctly, this strategy can maximise your returns and open multiple revenue streams. However, if these properties are mismanaged, then your investment could turn quite risky.
Having to deal with multiple properties and multiple guest bookings is easier said than done and could become very stressful. When managing multiple vacation rentals, you need to be a lot dedicated, spend a lot of time and put in a lot of effort to run it successfully.
In this post, we’ll tell you maximise your investments, reduce your stress and how to successfully manage multiple vacation rental properties –
Managing your booking calendar
When handling multiple vacation rental properties, managing your booking calendar becomes the most important task. There are chances that you could mix up your guest reservations, which could lead to unsatisfactory guest experiences. So, the first thing to take care of is to keep your calendars up to date and make sure that you’re on top of your guest’s arrival and departure schedules.
We at Belvilla use the power of technology and integrate all the calendars from various vacation rental sites that your property is listed on to one single central hub for you. Our robust APIs update your calendar as and when you receive a booking, ensuring that the booking dates are blocked and not available for other guests. No double bookings, no hassle.
Stocking up essential supplies for your properties
Deep cleaning your property after each guest turnover and replacing all the essentials such as toiletries, linens, kitchen towels and other supplies is a must. During short turnovers, it’s a high possibility that you may forget replacing them or even run out of these supplies. Such scenarios could lead to angry customers or poor reviews that could hurt your business – so, consider stocking up all the essential supplies for your properties.
At Belvilla, we offer a professional cleaning service to our homeowners. We take care of all the standard changeover cleaning, replace linens & towels, kitchen & bathroom amenities and ensure that your property is fresh before the arrival of your guests. We do everything, while you can just sit back and relax.
Investing in smart home devices
Managing multiple properties is definitely time consuming. So, automating some of the flows using smart home devices can help you focus on things that really need your attention. For example, usage of smart door locks can help in facilitating a smooth arrival & departure process without your presence or other IOT devices such as smart bulbs & thermostats can help you save on power bills and reduce your fixed cost.
However, these require considerable investment and if you’re not in a position to handle this expense, we at Belvilla will be more than happy to help you – we will install the smart home devices in your property and enable remote services. Just talk to one of our rental experts to know more.
Hiring a vacation rental property management service provider
Make a smart move and just hire a property manager to serve all your vacation rentals. They will do everything – you don’t have to worry about coordinating or managing any services, cleaning your property between turnover, advertising your property to attract guests, maintenance & repair or handling guest queries, complaints etc – they do it all, while your job is to just receive your monthly payments.
We at Belvilla have been serving our clients in Europe for over 40 years now. We’ve more than 35,000 homeowners trust us with their homes. If you are looking for an experienced property manager, then you’re at the right place. Just talk to one of our rental experts to know more about our services and how we can help grow and expand your vacation rental business.