Every vacation rental and short-term rental host relies on a few tools to make their lives easier and their properties more profitable. Without using the proper tools, you put your income, reputation, and property at risk. With the right tools, you can boost your income, minimize time working, and create a truly passive income stream with short-term rentals.
Expert in the vacation rental game, Avery Carl, has seen what tools do and don’t work when trying to run a successful short-term lodging business. Avery lists her top five tools/software and gives examples of the exact ones she uses so you can set up your rental the same. With some of these tools, Avery was able to see a 20% uptick in revenue all while automating her work and doing less!
Are there any staple tools you use in your short-term rental business? If so, let us know in the comments, other investors would love to hear suggestions!
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Channel Managers:
iGMS: https://www.igms.com/
Your Porter: https://yourporter.com/
Hospitable: https://hospitable.com/
OwnerRez: https://www.ownerreservations.com/
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Pricing Managers:
PriceLabs: https://hello.pricelabs.co/
BeyondPricing: https://www.beyondpricing.com/
Wheelhouse: https://www.usewheelhouse.com/
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Smart Locks:
Schlage Encode: https://www.schlage.com/en/home/smart-locks/encode.html
Yale + Nest: https://store.google.com/us/product/nest_x_yale_lock?hl=en-US
August Smart Lock: https://august.com/
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Smart Cameras:
Ring Video Doorbell: https://ring.com/doorbell-cameras
Ring Floodlight Camera: https://ring.com/products/floodlight-cam-pro
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Smart Thermostats:
Nest: https://store.google.com/us/product/nest_learning_thermostat_3rd_gen?hl=en-US
Ecobee: https://www.ecobee.com/en-us/
Honeywell T9: https://www.honeywellhome.com/us/en/products/air/thermostats/wifi-thermostats/t9-smart-thermostat-with-sensor-rcht9610wfsw2003-u/
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How to Calculate Vacation Rental Profits (In 5 Minutes):
https://youtu.be/Ss2cKoC5YhY
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Grab Your Copy of “Short-Term Rental, Long-Term Wealth”:
https://www.biggerpockets.com/strbook
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The Short Term Shop and The Mortgage Shop from Avery Carl:
Buying: https://theshorttermshop.com/
Funding: https://mortgageshop.co/
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Follow Avery on Instagram:
@theshorttermshop or https://www.instagram.com/theshorttermshop/
00:00 5 Best Short-Term Rental Tools
00:25 1. Channel Managers
01:41 2. Pricing Managers
02:37 3. Smart Locks
03:38 4. Smart Thermostats
04:25 5. Smart Cameras