The vacation rental business is sometimes a odd creature. For many owners the ebb and flow of peak seasons are like clock work. The Panhandle of Florida starts to heat up just as the north does, and follows the college spring breaks year after year. May tends to be slower and as soon as Memorial weekend hits it is hard to answer all of the calls.
It may seem strange to others the summer is the peak season in northern Florida, but it is a big family vacation destination. That said southern Florida has a bit of a different peak season, even though they enjoy a vibrant summer vacation rental season, winter is a very busy season for them with many northerners escaping the cold. Canadians love Florida and marketing to their cities is a good way to get renters.
Often vacation rental owners that hold several properties often have them in the same general vicinity. There is merit to this decision, but having properties with different peak seasons is not a bad idea as well. The Smoky Mountains has a big fall travel season and runs all the way to New Years. They of course do well all summer long.
A home in southern climates can keep you cash register ringing all winter long with snowbirds, and any beach property does well during the summer.
Certainly there are difficulties with having properties in different locations, such as having to use different cleaning companies, different maintenance people. There are also benefits, remember there are tax deductions available when you have to travel to your property to inspected, clean, and repair.
Of course always check with your tax adviser about deductions, and call ivol.biz to set up your properties. Through their online system you can automate the cleaning crew so that they are notified of each cleaning, You can store your list of service providers in their system so that you or your on site manager can contact them in short notice.
Thursday, October 11, 2012
Owning Vacation Properties In Different Areas.
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Labels: advice, fl, northern florida, peak seasons, smoky mountains, taxes, vacation rentals
Monday, October 1, 2012
VRBO, Homeaway, Vacation Rentals. Rentalo, When Is It Enough Advertising.
Are You Spending Too Much On VRBO, and Homeaway ?
If you are running a successful vacation rental business or have a vacation house or condo that you rent out, you have un-doubtably heard of one or all of these websites. You may actually be using one or all of them. Some of these websites can be expensive but combine the cost of several of these and you could be spending a small fortune on listings for your property. One key factor to decide when you have reached a tipping point is when you return is no longer worth the investment.When starting out renting your vacation property or properties you need a lot of exposure, but if you have been renting your property for a while and have taken advantage of ivacationonline's website offer you have most likely built up some repeat customers. Not only have you built repeat customers but you most likely have some ranking on the search engines. Ivacationonline even offers a service to help get your website ranked. Back to the point at hand, do I need all of the listing I'm paying for? Here is the first thing I would ask. Are your properties booked as much as you feel they can be? Are you turning away potential renters for the same weeks over and over again. Do you have multiple properties?
If you answered yes to these then most likely you could start scaling down some of your ads. You may want to just lower you subscription level on some, or get rid of 1 or 2 all together. 1 thing about having multiple properties is that you can refer inquiries from a property that is already booked to another property. Another tactic to save money is to build a network of other owners in your area. When all of your properties are booked start referring them to other owners and ask them to do likewise. This is free and a referral is good way to build confidence with the renter.
So lets say you do stop a few of your listing and you feel your bookings are not what they used to be, you can always turn your listing back on and typically the website has all the information saved so that you don't have to build the listing all over again.
Give reducing your listing a try if you feel confident that your bookings can be maintained. It could mean the savings of thousands of dollars each year for advertising your properties.
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Labels: cyber rentals, homeaway, saving money on ads, vacation rentals, vrbo
Monday, August 27, 2012
Hurricane Insurance When Traveling. Do Not Travel Without It!
As of Monday afternoon Tropical Storm Isaac is intensifying and is expected to make landfall late Tuesday or early Wednesday on the northern Gulf Coast as a hurricane, forecasters said on Monday.
The storm--with sustained winds of 65 mph--is moving northwest at 14 mph. According to the National Weather Service, New Orleans is in the projected path of the storm. Wednesday marks the seventh anniversary of Hurricane Katrina, which devastated New Orleans and the Gulf Coast in late August 2005.
Hurricane warnings have been issued along the northern Gulf Coast from Morgan City, La., to Destin, Florida. According to the National Hurricane Center, a storm surge between six and 12 feet could threaten the northern Gulf Coast if the storm makes landfall during high tide.
I know many of our rentors and owners are in the path and have already dealth with the storm. Anyone who has properties in these areas have probably dealt with question from rentors and potential rentors alike.
What happens if a hurricane hits the condo or house that you rented? Will the owner refund your money? Good questions! ivacationonline.com has partnered with Travel Guard to help you with whatever Mother Nature throws at us. No one should go on a trip without travel insurance. ivacationonline.com offers the unique ability to purchase this security-giving insurance right on the site. With coverage available for bad weather, ivacationonline.com offers you the ability to customize and purchase your insurance while making the reservation.
This is a win win for owners and rentors alike. Peace of mind for the rentor who will know their hard earner vacation is insured and as a owner you benefit from guests who are happy and become repeat customers.
Travel insurance allows rentors to vacation with the peace of mind that their investment is backed up by the chosen type of insurance. With plans available in the $50.00 range, travel insurance is more affordable than you might think. An estimate is always given before you purchase, and you can check this insurance option out by clicking here. Travel Insurance
Ivacationonline through TravelGuard also has a Cancel For Any Reason Insurance. I will be wrting more about that in the near future.
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Labels: 2012 hurrican season, bad weather insurance, hurrican insurance, hurricane isaac, travel insurance, tropical storm
Sunday, August 12, 2012
Property Management Website Features
This blog post for ivacationonline.com property management software system is going to be a intoduction for some and a refresher for others. Often times when you have been using a software and have become comfortable with it, you tend not to investigate other options of the software or try the new features that come along. Why would you, everything is working perfect now. Don't fix it if it's not broken right?
That is true the ivacationonline website works perfectly the owner is constantly trying to improve the system, adapting to new changes in the industry and bring you the lastest upgrades available.
These are just going to be snippets and you can click on the link to read the full details.
Registering a domain and having a website for your property. You be so booked in your units that you do not need any additional renters but one thing that can help you is having a domain and website for each of your properties. Ivacationonline can build youe website and you can register a domain name through their site.
Travel Insurance.
This have been a lifesaver, and a big selling point for many of our property owners and managers. Many of the homes our members rent are large, expensive homes. A week in prime season can cost $10,000 or more. This can create tension and stress for a potential renter. What better way to close a rental than to offer a product that insures the potential renter that they can get a refund for any reason or no reason at all. Talk about peace of mind. Visit travel insurance.
Damage Insurance. Are you still dealing with collecting a security deposit? Why? Iavacation with Travel Guard has set up a program that you can automatically add $3000 worth of damage insurance to your property for a fee of $39. This fee is typically passed on to the owner and can be a potential revenue stream for the owner. The customer actually appreciates it because now they no longer have to wait to get their money back from you the owner, they are not nervous about being charged for damage they did not do. If every there was a perfect product for the owner and renter alike this may be it. Read more at Rental Damage Insurance
If everything here seems foreign to you or you have never used ivacationonline.com online property management website then here is a great opportunity. You can try it for free for 30 days with no obligation. Use this link to start you free 30 day trail with the best property management software available.
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Labels: online property management, online vacation rental software, Travel Insurance Vacation Rentals By Owner
Monday, July 23, 2012
Finding the perfect home, condo, townhouse is just one of things we do here at ivacationonline.com to help our visitors and owners have exceptional vacations. There are few things better in the world than searching for a luxury home in the vacation destination of your choice at a price that you are happy with. That is why ivacationonline.com is the favorite online destination for hundreds of thousands of travelers who are searching for just that.
If you follow our blog you have read some of our blogs posts that deal with property ownership, how to make money as a property owner and other topics such as how to get a good deal on a vacation rental. As our blogs like to cover all areas of traveling and vacationing we would like to write about a vacation on the water. No I'm not talking about staying in cottage built on the water or an island retreat of something of that nature. No I'm speaking a luxury cruise. When I say luxury I mean luxury. 5 star quality from beginning to end. Fine dining, luxurious spas, suites and staterooms decorated with lavish decor.
TrustedLuxury.com is a luxury travel specialist that deals only with high end luxury cruises either on the ocean, seas or large rivers. They have destinations such as the Mediterranean, the Nile River, Alaska, Panama, South America, Transatlantic, or even a world tour.
When planning such a trip the many options can be confusing and it truly takes an expert with years of experience and knowledge to take the guess work out of planning your vacation and make your trip a worry free experience.
Contact TrustedLuxury.com to see if they can help you have the ocean or river voyage of a lifetime.
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Labels: agent, luxury cruise, luxury travel accomadations, luxury traveling, specialist
Thursday, July 12, 2012
Still Time To Book Your Summer Vacation
It seems just like yesterday I was writing that summer has finally arrived and now it seems like summer is almost over. It is only 5 weeks until many schools are back in session. Don't panic, if you have not planned your summer vacation and have just started trying to find a home to rent in some of the more popular destinations, you still have time and you can still find a place to stay. You may even save yourself some money in the long run. Even tough ivacationonline.com is a fantastic website to manage your vacation property and to get more bookings for your listing than any other website, there are always a few weeks that have not been booked by someone for one reason or another.
You can search the ivol database for the area you want, date, how many bedrooms, and property type. Very rarely does every single property have the week you are looking for completely sold out. When you find one you can contact the owner to work out a price for those last minute bookings. Often times many owners are willing to offer a discount for a week they have rented which is quickly approaching. A word to wise, don't insult a property owner and make a offer of $1000 for a property that rents for $3000 during that time frame. In most cases if you do that the owner may not reply back to you. Just make a reasonable fair offer for the property you want. In many cases the owner has already lowered the price, or has posted a coupon or special for the property, so there is no need to haggle over a price.
In some instances owner will not negotiate prices, don't be offended by this. Often times to avoid wheeling and dealing and to keep their prices fair for all of the renters, the owner will set a fair price for the property and keep to that price, even if the unit may go empty a week. I personally like this approach that way my renters know they are going to get the best price available on my properties and do not have to worry about negotiating for a deal.
So if you are still in need of a vacation rental property, relax visit ivacationonline.com and find the perfect rental at the price you want to pay.
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Labels: deal on renting beach house, deals on summer rentals, last minute deals, last minute vacation bookings
Tuesday, July 3, 2012
Make Your Vacation Property More Profitable
Summer is here and it is in full swing. As a vacation property owner you need to maximize your return on your investment. This means finding ways to save and cut costs were you can. For those of you who own property in hot climates one easy simple to save money is to install low E window film on your windows that are exposed to heavy and direct sunlight.
Direct sunlight can heat up a home very quickly and allowing the full brunt of that light to travel through your window and to heat the interior of your home only makes it more difficult to keep it cool.
Ivacationonline online property owners are all over the US in areas such as Florida, Alabama, Mississippi, Georgia, Arizona, South Carolina and other typically warm states. These areas see sunshine typically all year and having a quality window tint can save you thousands in the long term.
First it will lower you cooling bill starting the very first day it is installed. You can pick the level of darkness of the film. 50% - 60% is normal. This reduces the suns rays but still allows natural light in. By reducing the sun light and lowering the strain on your AC unit to try to keep the home cool, you prolong the life of your AC unit, once again saving you money.
Here is one hidden benefit of window tint, it helps prevent fading of curtains, furniture, carpet, and other materials inside your home or condo.
One last point to cover is to check with your local power company or local government agency to see if they are offering a rebate to you for using window tint. Gulf Power in the Panhandle of Florida offers a rebate and it is not a drop in the bucket. A typical house can get $200-$300 back for using a certified window tint.
RSS our blog to get more information on renting your property and maximizing your profits from ivacationonline.com your property management software website.
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Labels: online property management, profitable property management, vacation home profits