How to Increase Your Bottom Line as a Property Manager | Hostaway Webinar

Описание: In our recent survey with property managers, we found that over 70% haven’t considered increasing their profitability in the last 12 months. What's even more shocking is that a majority of property managers hadn't revamped their existing owner contracts since they started.

Our industry is experiencing record-breaking ADRs and occupancy rates, but not all property managers are seeing a record bottom line, especially considering labor supply and inflation.

This webinar will share tangible actions every property manager can take when it comes to expenses, owner statements, owner payouts, and fee structures.

Our approach has seen property managers increase their bottom line by 30-60% without changing their rates and occupancy.

You can find the calculations & examples here: https://bit.ly/3cDcZHn

If you're short on time, use the timestamps below to skip ahead 👇

00:00 | Intro to Hostaway Vacation Rental Management Software
06:08 | Increasing the top line for your short term rental business
10:49 | How to adjust your markups across different online travel agencies (OTAs)
15:31 | Three ways to increase the bottom line for your short term rental business
26:03 | One major decision every property manager has to make
30:31 | Legal considerations for property managers and owner
34:24 | Financial reporting and owner statements in Hostaway
36:54 | Q&A - What are the costs associated with AirCover?
37:23 | Q&A - Should extra guest fees be commissionable?
39:23 | Q&A - Does Hostaway have a system for full-team maintenance?
40:16 | Q&A - How do you promote extra fees in Hostaway? (Product Demo)
47:09 | Q&A - Damage fee best practices
48:52 | Q&A - Best tips for attracting customers as a property manager
50:34 | Q&A - Should I be using trust accounting to manage my cashflow?
51:54 | Q&A - Does it make sense for all the revenue to go to the property manager?
53:17 | Webinar wrap-up

🔥 Got burning questions about this webinar? Shoot us a message:

🆘 [email protected]
🙋[email protected]

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🔗 Find out how Hostaway's Vacation Rental Software boosts your business: https://www.hostaway.com/get-free-demo
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🧡 About Hostaway 🧡

Hostaway is an All-in-One vacation rental software solution for growing property managers. We provide tools to automate and simplify marketing, sales, communication, operations, reporting and accounting. Our software is different from every other PMS and Channel Manager, because it is flexible and grows with your business. It’s customizable and we provide an amazing team that helps you set it up and cheer you along your path to success.

Hostaway is also the largest marketplace for vacation rental software and tools. Our Marketplace features over 100 solutions and our team can recommend you solutions to every imaginable problem. Hostaway is privately owned and funded by a comprehensive network of VC’s and entrepreneurs.