The opportunity to enter the future of the accommodations industry has never been more present for building owners and real estate investors. The demand for professionally operated home style accommodation is the rapidly growing trend in the travel market and forward thinking individuals and companies in the real estate industry will be the biggest beneficiaries. Guestable’s full-service and hotel management offering allows you to fully optimize and automate your buildings cash flow potential.
The setup phase of your accommodations business has important implications for the income potential of your property. The way to leverage space in the short term rental market is different than in traditional real estate, and we’re here to help you throughout the process. The first step is to align on a strategic vision and determine the ideal guest profiles based on the property type, neighborhood, and your preferences. Once we align on a strategy, we’ll determine how to use every square foot of your property to its full potential. The most effective spaces in the short term rental market are able to consistently attract their target market while still appealing to a broad audience. Many of our clients have achieved returns beyond their initial expectations due to the successful implementation of space optimization techniques and modern design principles.
Our goal with every property we manage is to maximize the cash flow yield while maintaining the long term value of your asset. An integral part of maximizing cash flow in the accommodations sector is to take a data driven, dynamic approach to pricing the high season, low season, shoulder periods, events, and conferences. Our pricing analysts and listing managers set and adjust prices and availability settings (e.g. minimum stay period during events) daily based on historical market data, real time competitor information, and what the market is telling us about your property. Just as important as pricing and listing management is having a strong understanding of the strengths and weaknesses of each booking platform (e.g. Airbnb, Booking.com, Expedia). Every platform appeals to a different audience and knowing how each platform should be used for a specific property is a key success factor in the new travel industry.
The majority of our clients choose to completely hand off the day to day operations and management to our experienced team. Timely guest communication, seamless check in / check out, perfect cleaning quality, a well maintained property, fully stocked home essentials, easy lockout support, a customized guest experience approach, and around the clock customer service should be nothing short of the expectation. We have spent years fine tuning every area of our short term rental operations and have developed a unique understanding of both the hotel and home style accommodation rental space. Our goal extends beyond just operating and optimizing your property. We aim to build a long term brand that immediately sends a message to the guest profile who is willing to to spend more to ensure they have a good experience. While most of our clients choose to remove themselves from the day to day workload, we provide full operational and financial transparency so that we can be held accountable for our performance.