Category: Property Management
Turn Your Guest Reviews into 5-Star Endorsements! The Airbnb market has changed drastically in just five years, marked by significant market saturation and rate compression. As a short-term rental investment property owner, you may face new challenges in 2023 and beyond that impact your revenue and profit potential. One of these is the dreaded bad… Continue reading Eliminate Bad Airbnb Reviews and Optimize Your Investment
VRBO is one of the most popular platforms for hosting your short-term rental, but it can be tricky to navigate their fees. In this article, we will break down all the various VRBO fees for hosts so that you can make an informed decision about using the platform to create maximum profitability. We’ll also discuss… Continue reading VRBO Fees for Hosts: A Comprehensive Guide to Maximize Profit and Maintain Property Value
May 29th, 2023
Josh Hatter
Despite witnessing rapid growth and evolution in the last couple of years, the short-term rental industry is presently in the ‘era of #airbnbust’ since Covid hit. As a property owner looking to maximize profit from your rental property, it’s critical to identify the best rental property markets that offer the highest return on investment (ROI).… Continue reading The Best Rental Property Markets in 2023 and How to Identify Them
May 29th, 2023
Josh Hatter
Over the past five years, you’ve probably noticed something changing in your Excel (or Google Sheets) balance sheet. Clearly, short-term rental management is not what it used to be. With compression of rates, a saturation of Airbnb and Vrbo rentals, and an emphasis on quality over quantity, the average real estate balance sheet is shifting… Continue reading How to Create and Optimize Your Rental Property Balance Sheet
May 29th, 2023
Josh Hatter
On average, property management companies charge a management fee equivalent to 8.49% of the total monthly rent. This means if you’re renting out a property for $2,000 per month, you should expect to pay around $169.80 each month for the management service. Additionally, there’s usually a one-time setup fee to initiate the services, which averages… Continue reading How Much Do Property Managers Charge?
April 17th, 2023
Josh Hatter
Short-term rental marketing is an essential part of running a successful rental business. Understanding local regulations and property income potential helps create a strategy that can remove the burden of management from your hands. To succeed in short-term rental marketing, it is also crucial to establish credibility with your potential guests. This article will discuss… Continue reading How to Conduct Short-Term Rental Marketing the Right Way
April 14th, 2023
Josh Hatter
The average property management fees range from 10-30% for short-term rentals. At Coastal Vacation Properties (CVP) our full-spectrum management services not only handle the daily operational tasks of rentals but also increase revenue generation. We aim to use real-time analytics and data trends to adjust rental prices for maximum profit and minimal vacancy. Why Hire… Continue reading Property Management Fees: Average Costs to Owners
April 10th, 2023
Josh Hatter
Property management websites can be a powerful tool for rental owners looking to maximize their income and keep their properties in great condition. A comprehensive property management website provides all the tools for existing and prospective tenants to identify a rental property, make reservations, or handle tasks like making rent payments and requesting upkeep. With… Continue reading Most Vital Elements of First-Rate Property Management Websites to Short-Term Rental Owners
April 6th, 2023
Josh Hatter
As a Short-Term Rental (STR) owner or realtor, fees associated with Airbnb hosting can significantly impact your rental property’s ROI. Understanding the various types of fees that Airbnb may charge and how they affect your bottom line is essential. Let’s look at the fee structure in more detail. Understanding Airbnb Host Fees Airbnb host fees… Continue reading Navigating Airbnb Host Fees: A Comprehensive Guide for STR Owners and Realtors
December 24th, 2022
Josh Hatter
As we roll into another year, many will resolve to make the upcoming one a time to improve their lives, increase their savings, and reduce their costs
