All Forum Posts by: Chase Hoover

I am also researching smart locks for my Airbnb properties.  My PMS has an integration with Lynx (formerly VirtualKey) that I am exploring.  They work with a variety of smart locks (Schlage, Yale, RemoteLock, etc.).  I am leaning towards Yale based on the advice of the rep I've been working with.  Their system integrates with my PMS by automatically programming reservation-specific codes for each guest.  It's much more high tech than my current system of lockboxes, but if everything works like they say it's supposed to it will definitely save me lot of time and peace of mind in regards to security.

It is very common to gross significantly more by leasing short-term on Airbnb vs. traditional annual rentals. In my home market of South Florida, I own and manage properties on Airbnb that are earning as much as 2x the going annual rental rate. Granted, there is more work and coordination involved, however with the right processes in place it can be very lucrative.  There are businesses that handle much of the work involved, depending on how active you wish to remain in the operations.