Rental Calendars Save Time and Money for Vacation Property Owners
The National Association of Realtors' 2014 Investment and Vacation Home Buyers Survey showed that vacation home purchases accounted for 13 percent of all real estate sales in 2013. This is up nearly 30% from 2012. Even as real estate sales pick up, the overall market remains good for buyers of vacation homes. There are still great deals out there for first time buyers and investors.
According to the survey, 23% of people who purchased vacation properties, did so with the intent of renting it out as an income generator. For investors with multiple properties and a track record in vacation home rentals, there are fewer surprises. But for first time vacation property owners, there is often a startling realization as to how much work is involved in renting a single property.
John Amato, President and founder of Bookerville, LLC, an online rental calendar software company, suggests automating many of the tedious, repetitive tasks, that often catch first timers off guard. "Owners renting their vacation property for the first time are usually amazed at the time and paperwork that is involved. With an online rental calendar like Bookerville, the software automates many repetitive tasks and the scheduling aspects of the job."
Amato suggests looking for a rental calendar that has the following features for maximum time savings:
1 Online booking calendar so the entire reservation process can take place online, without the owners involvement
2 Ability to customize fees, deposits, taxes, additional charges, discounts, promotions, offers, and special deals
3 Vendor payment system built in to take credit cards and PayPal
4 Automated email and communications with guests
5 Ability to set minimum stay nights
6 System that will integrate with your current website
Rental calendars are a cost effective way to manage your vacation property rentals. Expect to pay between $100 and $300 per property annually for a feature-rich package. Amato also suggests looking for systems that offer a free 30 day trial, so you can see exactly how the software will work for your property.
Even though renting vacation property does require a time investment from the owner, it can be a lucrative sideline to a retired couple or a young family.
About the Author
John Amato is the founder of Bookerville LLC, and has been heavily involved in the vacation rental industry for over five years.
Bookerville Vacation Rental Software easily and inexpensively manages 1 to 1000’s of properties. Over $40 million dollars worth of rental bookings have been completed through Bookerville. The company offers a free 30-day trial of its vacation rental software. Have questions or want more information? Contact John Amato at Bookerville today.