Which one is right for you? Many billions of dollars have been spent in the US in an effort to kindle the “Do it yourself” spirit. There are many success stories in the world of owner operated vacation rentals. One of the most popular means with which to present your vacation property is a website [...]
Managing rental properties is a professional industry and keeping owner’s investment protected, clean and producing revenue is important. As a few Best Practices, honesty, transparency and preventative maintenance are at the heart of keeping owners on your rental program. […]
Making your customers happy isn’t a hard if you know how to treat them. The following are simple but effective ways to your owners to keep then happy. Golden rule-treat customers the way you want to be treated Know your clientele and understand their expectations Go the extra mile Empathize with your guests Listen to [...]
Vacation Rental Tax Requirements As a vacation rental property owner, you are required to charge and collect taxes on all short term rentals. In some cases short term rentals are defined as rental periods up to six months. Many of these taxes are specific to lodging and are a significant tax revenue source in resort [...]
OPMA is not the only one calling attention to the differences between professional management companies and individual renter operations. There have been many stories in the media over recent years showcasing the risk from renting through individual owners. […]