Financial Mangement and Budgeting for Vacation Rental Managers

Weatherby Consulting President Ben Edwards recently spoke at the 2014 VRMA Conference in San Diego on financial management and budgeting for vacation rental professionals. Edwards presented one session that covered the fundamentals and touched on basic considerations, as well as an in-depth four hour boot camp incorporating more hands-on knowledge of how to manage the financial landscape and use budgeting as a foundational tool to grow the business and meet future goals.

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Edwards to give Budgeting and Financial Management Seminar in San Diego

On October 29, the 2014 VRMA Annual Conference will feature a post-Conference Bootcamp Seminar in San Diego from 1-5 p.m. entitled Financial Management and Budgeting, conducted by Ben Edwards, Weatherby Consulting LLC/Newman Dailey Resort Properties.

This is an engaging workshop filled with information on how to improve a vacation rental company’s financial management and budgeting processes in order to stay competitive within the vacation rental management industry.

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Vacation Rental Industry Ripe for Acquisitions

2014 has already seen key acquisitions by growing vacation rental management companies, with several big announcements on the way. Late last year, Wyndham purchased Hatteras Realty, and this year Vacasa acquired Utah Vacation Homes, Resort Realty bought the VR operations of Colony Realty, Seaside Vacations bought JoHank Rentals, Turnkey Vacation Rentals purchased Coastline Adventures, Long & Foster acquired several companies in New Jersey, and Invited Home recently purchased Maui Blue.

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STRAC Management Moves Under Travel Tech Umbrella

Airbnb, HomeAway and TripAdvisor have joined Travel Tech and moved the management of the Short Term Rental Advocacy Center (STRAC) under the Travel Tech umbrella.

Formed in early 2013, STRAC was created through a coalition of Airbnb, HomeAway and TripAdvisor to provide resources to help hosts, homeowners and rental managers legalize and legitimize short term rentals in their communities.

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Industry Leaders Weigh In On Recent Acquisitions

In the last month, the vacation rental industry has seen several acquisitions of technology companies: RealPage acquired Bookt/Instamanager, VacationRoost acquired LeisureLink and HomeAway acquired Glad to Have You. Each of the transactions has its own character and importance to the professionally managed vacation rental industry, but first we asked industry veterans to weigh in on the general significance of these acquisitions as a whole.

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