Should You Install a Camera at your Vacation Rental?
Tuesday, December 13
In a survey done by the 2022 State of the STR Community Report, 42% of respondents said they have security cameras at their vacation rentals. It is important to know that should you decide to install cameras, you must make mention of that in your listing so the guest knows about it PRIOR to boo...
Understanding the Correlation Between ADR and RevPAN
Wednesday, November 23
I thought it would be appreciated to review the Average Daily Rate (ADR) and RevPAN and understand the correlation between them. But first lets review 3 Terms. Occupancy, ADR and RevPAN. Occupancy. Occupancy means how many nights you were booked a month. 50% means 15 nights out of the month, 75...
Three Methods to Finding a Great Team
Tuesday, November 22
There are three ways you can assemble a successful team. The methods can be used in tandem with each other. The best way is for you to connect your network with your realtor's network. If you are fortunate to have an excellent realtor, there is a good chance that they are in touch with a great t...
Doing Your Due Diligence When Getting Into Contract
Thursday, November 10
You shouldn't expect to do a deep dive and invest in market research each time you sign an offer. However, if you get an offer signed back by a seller, be ready to make the time to do your due diligence. Your due diligence period is a time when you can back out of the contract if something is not...
Fiverr and Upwork are Your Friends
Tuesday, November 08
Fiverr.com and Upwork.com are great platforms for finding talent to do any work which can be done by a virtual assistant. Bear in mind, many times the people offering their services will be in different countries and time zones. A great place to get a pitch deck or Powerpoint created can be foun...
5 Reasons Why Investing In Real Estate Beat Stocks
Tuesday, November 01
When considering investing in Real Estate vs. Stocks there are 5 reasons why real estate beats stocks. 1. Predictability. Unlike stocks, you can predict more or less how your real estate property will perform in the future. When investing in stocks, no matter what level of professional stock for...