I love the Olympics and in the true spirit of competition let’s talk about the Vacation Rental Industry. As the Vacation Rental Industry grows so does the competition. From the Vacation Rental (VR) Company perspective the competition is fierce. There is competition to attract new and returning guests, competition to attract the best properties and home owners, competition to attract and keep great employees, competition against hotels, competition against marketing channels (VRBO, Airbnb, etc.…).Read More
Barefoot Technologies Blog- Vacation Rental Industry News
Tags: Vacation Rental Industry
We are starting to hear that states are using vacation rental companies as a hub to get information both directly and indirectly that affect taxes, insurance and workmen’s comp issues.
Consider this. A state revenue agent knocks on your door. They require you to provide data of reservations and that you trust accounts are correct. In doing so, they capture owners who work with you. They then have the ability to monitor the owner’s income to see if they are including that for tax purposes. The Revenue Agent also ask you about how you do cleaning and property management, if they are in house staff, they look to see if you fall in or out of insurance guidelines. If cleaners and property managers are independent contracts, they know who they are (thanks to you) and they track them down to see if they are filing taxes and more importantly, if that independent provider is hiring assistants that may fall into insurance and workman’s comp issues.Read More
Tags: Vacation Rental Industry
In less than 90 days, Zillow’s agreement with ListHub will come to an end making it more difficult for Zillow to keep up with the most current MLS listings across the country. Essentially, the go-to real estate website will have to secure separate agreements with brokers and MLSs.
With over twenty years in the vacation rental management industry, Ed Ulmer has a breadth of knowledge and expertise that keep him not only manning the helm at Barefoot Technologies, but often providing thought leadership in the industry.
We know you have heard the saying “It takes a village.” In the vacation rental industry, it takes the world for companies to be successful. At Barefoot, we could not manage without our many partners who count on our vacation rental management software to ensure their rental business is accurate and up to date. Over the next few weeks, as a way to say thank you, we are going to feature several of our partners without whom we would not be where we are today.
First up, is Canada’s largest vacation rental resource, CanadaStays. This successful outfit offers up over 40,000 vacation rental properties across all of Canada in addition to having access to rental properties in other parts of the world. They work hard to provide a wide variety of accommodations to travelers who want to vacation in any part of Canada. For property owners who want to increase exposure and, ultimately, reservations, CanadaStays is probably one of the top resources to achieve those goals. In a recent interview with us, Mark Bordo, CEO and Founder of CanadaStays, took some time to answer a handful of questions about his business and our partnership. Here is what he had to say:
We had a wonderful time last week meeting so many vacation rental and property
management companies at the Vacation Rental Management Conference in San Diego last week. It is always wonderful to reconnect with familiar faces, speak with customers in person, and have discussions with our partners (have you see our partner page lately? The list is growing www.barefoot.com/partners). One main takeaway I took from the conference was that each and every one of you is unique in how you need to run their business.
The Franchise Herald reported last week that in a study conducted by the New York Attorney General’s office, 72 percent of rentals under Airbnb between early 2010 and June 2014 were illegal. Citing that they many local and state laws, one of the stand out violations was that “an estimated 200 units were booked as short-term rentals for more than 365 days in a year, meaning multiple transients rented the space at the same night.”
Booking vacation rentals online via an online travel sites like Airbnb and others can be risky as everything is done online. It is essential to remind property owners about the advantages of working with authentic, brick and mortar vacation rental management companies rather than a company on a cloud.
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.
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