Want to save money, save time, be more organized and look more professional when it comes to managing your vacation rental property? The MyVR team has been busy building great new features — it’s like spring cleaning for your property management to do list.
Archives For Online Management
Whether it’s ease of use, a sense of security, or the attraction of points and other incentives, travelers think “card is king” when it comes to booking their accommodations online.
A recent survey by PhoCusWright found that among lodging suppliers – a group that includes vacation rentals – 68 percent of website bookings are made and pre-paid by credit card. With a predicted 98.3 million people in the U.S. booking travel plans online this year, that preference for plastic isn’t anything to sniff at.
And yet, a lot of vacation rental owners do – although not without reason. The same PhoCusWright survey found that vacation rental owners aren’t alone in their concerns about
- Credit card fraud (accounted for 1.1 percent of bookings via company websites),
- High processing fees (averaging 2.5 percent for credit card transactions), and
- The actual process involved.
As a result, a lot of owners turn away credit cards in favor of checks or money orders – neither method less likely to expose them to fraud, but perhaps easier to manage with low or non-existent fees.
But what does that choice cost their business? Continue Reading…
For many vacation home owners, the movement towards a paperless office isn’t just the environmentally friendly solution – it’s the solution that makes the most sense. How much information do you already email back-and-forth between yourself and your renters, property manager, or accountant?
Calling it “paperless” can be a bit misleading; more often than not, the reality is simply “less paper” – potentially significantly less paper. However, committing to a paperless office is increasingly affordable, and it’s only going to get easier.
Adopting a paperless philosophy for your vacation rental has two benefits:
- Cutting your need for paper helps eliminate waste and scale back printing costs.
- Incorporating digital solutions can help streamline standard processes. Continue Reading…