Did you know more than 13 million tourists traveled to Shelby County last year? Memphis is one of the area's largest attractions, which is why so many investors have begun renting out properties.
If you've recently bought a property intending to rent it out to vacationers, now is the time to start prepping. Even after the home is guest-ready, you must fill rooms with guests and manage lodging.
Keep reading to discover the best tips for managing bookings and reservations without all the stress!
Market Properties with Purpose
One of the first steps to managing bookings and reservations is to find guests who want to stay. Property marketing can be difficult but highlighting dimensions and amenities can attract eyes.
Emphasizing property management solutions in your marketing plan can help your investments. Even with the best photos and decor, a vacation rental must meet guest needs. After a few stays, try to identify what tactics are attracting the most attention.
Expedite Bookings with Technology
Apps and websites make booking trips easier than ever, but some platforms can be confusing. PMI Bluff City can help you by taking the hassle out of managing a short-term rental by improving processes.
Online booking systems streamline things so you can focus on marketing and acquiring other properties. When guests can view your available dates online and quickly reserve a spot, you are more likely to make money. A difficult booking process can deter guests even before they commit.
Create a Seamless Entry
After finalizing your guest's reservation strategies, you can focus on when they arrive. Each person should know what to expect before traveling so they can clarify questions and vacation with ease.
More recently, Hurricane Helene washed away portions of I-40 in Tennessee and North Carolina. If you want to ensure guests safely arrive at your vacation rental in Memphis, provide alternative routes. An easy entry routine with instructions can help guests find comfort after hours on the road.
Know Your Value
Over or underpricing your vacation rentals can come at a big cost. Our team is ready to dive into your property specs to identify the most profitable opportunities.
If you want to discover the potential return on investment, try our ROI calculator! This tool can provide useful information and estimates to help you select the right price. Aside from comparing local prices, you should consider your home's features and location.
Each home offers unique benefits that you don't want guests to overlook. Take photos and write about key features in rental descriptions to help your property stand out.
Take the Stress Out of Managing Bookings and Reservations
Managing bookings and reservations can get overwhelming if you own several properties. If you don't want to be caught unprepared while guests are trying to enter, you need to consider streamlining processes.
Technology can be an advantage, especially if you can showcase your vacation homes in their best light. With so many people traveling to the Memphis region, you can maximize profits and offer comfort on the road.
To learn more about how we can help you at PMI Bluff City, read our latest testimonials!
