Blog Posts: for "Vacation Rental Property Manager Guide"

Professionalization is increasingly becoming a key concern in the vacation rental industry, and it’s easy to see why this is the case. Over the past two years, the industry recorded unexpected growth and increased awareness amongst guests. With these changes, the expectations for guests became a top priority. More travel enthusiasts are switching from traditional accommodation options to vacation rentals. And what they expect is a high level of standards in each facility they visit. 

With an average annual revenue of $56,000, short-term rental properties (STRs) are the new frontier in the real estate sector. Changing dynamics in the workplace environment are partly responsible for the surging popularity of vacation rental. Working remotely enables people to travel more, creating a demand for vacation rentals. A recent analysis by AirDNA, a rental analytics company, predicts the vacation rental occupancy will grow by 15% in 2022.  The timing is right if you wish to enter vacation rental space and earn up to $250 a night with a short-term rental property. Dig in as we detail what it takes to thrive as a vacation rental property manager.