The Passivity Pay-Off
Nov 30, 2023 5:08:22 GMT
Post by account_disabled on Nov 30, 2023 5:08:22 GMT
Investors and owners lose time and mental energy when they try to tend to the minutia of tenant turnover. The hands-on management of short-term rentals quickly add up. Owners are juggling underwriting, guest check-in and ID verification, payments, and cleaning between every stay. Quickly than an owner might plan for, those items of management become a full-time job, taking them further away from a common starting goal: establishing passive income.
Owners can make a one-time investment in a property management platform to help them manage their due-diligence and offer their guests an elevated, hands-free experience. Integrated smartphone apps can Country Email List help guests through a virtual ID check, and deliver a hands-free access key for their convenience.
Owners can leverage a management partnership during the turnover process, too. They can have the property automatically assessed for cleaning needs and maintenance, and they can automatically outsource those job offerings to housekeeping teams and maintenance professionals. Properties can then be flexibly staffed based on the immediate needs, allowing owners to be anywhere in the world when the turnover takes place.
The best performing asset in the post-pandemic marketplace is flexibility. Short-term rentals are the closest an investor can come. People are exploring new locales with lower costs of living, traveling for a much-needed change of scenery, or testing new areas with their new freedom from office. Short-term rentals are designed for that post-pandemic movement. Anyone that has a rental offering—a bedroom over the garage or a state-of-the-art vacation home—is holding an incredible opportunity. With automated marketing, tailored guest offerings, and strategies for passive property management, every owner will be properly positioned to take part in the post-pandemic gold rush.