Barefoot Technologies Blog- Vacation Rental Industry News

Whether in the business for many years or just now beginning to dabble in it, the vacation rental management industry is growing by leaps and bounds.  No matter the size of your company, it is vital to stay on top of the latest technologies, trends and ways to effectively run your rental management business.  Let’s face it – this industry is one that requires more attention to detail than most any other business – except maybe accounting or medicine. 

What is a “hospitality market” anyway?  Simply put, the hospitality market consists of hotels, convention centers, visitors’ bureaus and any other category that helps grow the hospitality business and tourism industries.  Vacation rental management companies have become an integral part of the hospitality market by offering alternatives to hotels and resorts at and near their destination.  Whether locally-owned or as an online reservation company like Homeaway.com or VRBO.com, this segment of the industry has begun to move towards the hospitality market that hotels seem to have dominated. 

There is no better time to talk about cyber security than now.  After all October is National Cyber Security Month.  It seems that every time you turn on the television, there is another report of business computer systems being hacked in order to steal pertinent and private information from those who do business with that company or business. 

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This blog article has been provided by one of payment processing partners, Vacation Rental Payment. They will also be authoring a seminar on October 7th at 11 a.m. Contact sales@vacationrentpayment.com to register.

Most resort communities are overflowing with vacation rental management companies all vying for properties to put into their pool of rental properties as well as the vacationers visiting their destination for a week.  It becomes simply a contest of sorts to see which company has the best rentals and the most guests. 

As we prepare for the upcoming Vacation Rental Management Association's Conference (VRMA) at the end of October, it is important to think about how we can get the most of attending it.  After all, conferences can be a major expense to most small businesses especially when it involves travel costs.  Not only do we want to introduce our services to potential customers, we want to gain something from the planned seminars, discussions and activities. Let’s face it -- whether the time spent there is beneficial is dependent on what we put into it.  With that in mind, here are some tips on getting the most out of attending conferences: 

Managing vacation rentals is a stressful business that involves keeping track of property inventory as well as payments, cleaning schedules, contracts with property owners, maintenance and accounting (the most important part).  In a time where technology has made it easier for small businesses to handle their accounting in-house, this financial end of the job always seem to be a hassle.  An integrated trust accounting system can provide you with the flexibility, efficiency, and safety not available with other systems that haven’t invested the time or resources to integrate these tools.