Owning investment real estate comes with its share of highs and lows. The joy of providing an exceptional hospitality experience and a knack for hosting can be very rewarding when you have guests that are able to enjoy your property as much as you do. However, with opening your door to so many, the inevitable accident is bound to happen, which can leave some questioning, “Why do we do this again!?”
Continue reading Accidental Guest Damages: Take A Deep Breath!The vacation rental market has made a few twists and turns along its journey over the last two decades. The industry has grown exponentially, with independent hosts, small property management companies, large property management agencies, vendors, and service providers all carving out a defined role within the ecosystem. This blog post will compare how physical space, guest expectations, marketing, amenities, and property care programs have evolved over the past twenty years. What was once a second-home-side-gig has evolved into a booming segment that dominates the travel space.
Continue reading How Vacation Rental Operations Have ChangedThe key to optimizing a vacation rental property’s performance? It’s all about understanding the Big Three: Occupancy, Average Daily Rate, and Revenue Per Available Rental Night.
Identifying trends in these three key performance indicators – and their relationship to each other – can help you maximize revenue throughout the year.
Continue reading The Big Three: Occupancy, ADR, and RevPARIn Part I of this series we looked at detailed ways you can enhance your vacation or short-term rental properties to appeal to guests year-round.
In today’s highly competitive online marketing environment for any type of travel accommodations, and especially in our area of the Cape Fear with more traditional vacation rentals, it’s exactly the details and extras that turn an okay rental performer into an all-star with solid, repeatable business in all seasons.
While things like flexible booking options, special seasonal offers, and a fully stocked and well thought out kitchen can get you consistent 4 and 5 star reviews, consider the new “must haves” and even the “great to haves” as you plan out your amenity list and offerings that can truly put your property at the top of any list.
Must-Haves for Every Guest Experience:
If you have a home at the beach, it’s usually pretty easy to attract guests to your property during the summer months, but are you maximizing your home’s potential for guests year-round?
Continue reading Maximizing Your Property For Year-Round Guests (Part 1)
Beginning December 15h, 2019, Topsail Beach will undergo a major beach nourishment and channel dredging project. Contracted to Weeks Marine on October 4th, this project includes dredging a new Topsail Inlet and side channels within the Banks Channel. This is the second phase of the project known as the Storm Damage Reduction (SDR) Project and is scheduled to be completed in April 2020.
Continue reading Topsail Beach Resumes Storm Damage Reduction (SDR) Project