Sports and business have unlimited comparisons. The obvious similarities are team work, focus and a desire to win. When playing a ballgame the scoreboard clearly depicts the winner and the loser. However, success in a vacation rental business is often difficult to discern.
When you have an offer on the table for your vacation rental management company, the price tag jumps off the page. It is especially distracting if the price is higher than you had hoped. Your hard work has paid off, and you want to close the deal as quickly as possible.
As we begin another new year in the Vacation Rental Industry, numerous changes abound. These changes continue to take similar form from years past. Some of the most impactful changes range from distribution terms to legislative concerns to increased industry awareness precipitating new entrants to the space. These changes are forcing company owners and managers to operate more progressively in an effort to sustain prior year operating profits.