As a business owner in the hospitality industry, navigating the low season can be a challenging feat. However, with the right low season strategies, you can turn this period into an opportunity to maximize off-season revenue through off-peak rentals....
As a real estate investor or rental property owner, understanding how to calculate depreciation on rental property is crucial for maximizing your tax benefits. Depreciation is an accounting method that allows you to deduct the cost of purchasing and ...
Welcome to our comprehensive guide on how to calculate the square feet of a home. Whether you’re a buyer, seller, or homeowner, understanding how to determine the square footage of a home is essential. Knowing the square footage of a property can h...
In the realm of vacation rentals, remote management has emerged as a key practice for overseeing several properties. It entails leveraging technology, effective communication channels, and strategic management strategies to handle various tasks, incl...
In the competitive landscape of the hotel industry, two crucial aspects stand out as the pillars of success: Guest Experience and Customer Service. These terms are often used interchangeably, but they represent distinct elements that play a fundament...
In the world of real estate investing, understanding key metrics is crucial to making informed decisions. One such critical metric is the Capitalization Rate, commonly known as the Cap Rate. The Cap Rate is a valuable tool used by investors, brokers,...
There are many reasons for starting a vacation rental business. You may want to buy a second summer home and rent it out to travelers when you’re not there, or you may want a long-term investment. You could also launch your own business or get a ...
Embarking on the journey of vacation rental management can be an exciting venture, but it’s fraught with potential pitfalls that can turn your dream into a challenge. Today, we will delve into the 6 mistakes you make when you start in vacation re...
Are you considering venturing into the hospitality industry in Ireland? With its picturesque landscapes, rich culture, and vibrant cities, Ireland is a prime destination for tourists seeking memorable holiday experiences. Establishing a holiday let c...
In today’s fast-paced world, the demand for spontaneous and last-minute travel has increased, necessitating efficient systems for hotels and vacation rentals to handle late bookings. This article will provide valuable strategies and best practices ...
For any vacation rental owner, grasping the influence of local events is essential for enhancing demand and revenue. AIRDNA reports that Taylor Swift’s Eras Tour notably affected the short-term rental industry in the United States, generating $27.3...
As a hotel owner, increasing your income is always a top priority. One of the most effective ways to achieve this is through implementing the best hotel pricing strategies. This involves employing various approaches to hotel revenue management and pr...
