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CHARLESTON SC: THE ONE THING THAT SETS VACATION RENTAL MANAGEMENT COMPANIES APART
Since Charleston SC claimed the title of “#1 City in the World” by Travel + Leisure, the vacation rental industry here has grown exponentially. Whether you’re a vacationer, homeowner or investor, it seems like everyone wants a piece of the pie. Taking care of a property is a full-time job, so if you’re a vacation rental homeowner and don’t want the heavy burden that comes with the oversight and coordination that comes with cleaning, maintenance, and bookings, then a vacation rental management company is your solution. When choosing a property manager, there are several factors to consider prior to selection, but more often than not, occupancy levels and consistent, reliable property care are two crucial areas a property management company must deliver on.
With today’s advanced technology, it’s important for companies and property managers to evolve with changing trends and advances, or otherwise risk becoming obsolete. The management team at Luxury Simplified Retreats went through a technological change this past spring with the implementation of Streamline, a comprehensive vacation rental management and booking software.
“How does this impact me as a vacation rental homeowner?” you may ask. In short, Streamline is an integrated booking and management software, allowing property management firms that are focused on revenue management to market properties through various platforms, such as Air BnB, Homeaway, and VRBO as well as 50 other worldwide booking partners. This allows Luxury Simplified Retreats portfolio of vacation rentals to be showcased, optimized and evenly distributed throughout booking channels, tapping into a larger market than ever before. The booking process has also been simplified for guests through automated rental quotes, as well as an “instant booking” feature. Proven industry research has found that the least amount of steps a guest has to take, the more likely they are to complete the transaction and commit to the rental terms.
Instead of manually entering each reservation that is made through different booking channels, Streamline compiles all reservations in one place, and automatically updates the property information, rates, and availability. Streamlining the day-to-day operations of booking and confirmations allows our top tier management team to focus on the care and upkeep of your property, while Streamline drives higher occupancy levels. Additionally, this powerful booking management system allows our revenue management team to closely monitor prevailing forces in the market, adjust nightly minimums as needed and quickly flex pricing based on market demand to maximize occupancy and ultimately deliver greater profitability.
An efficient business is a good business, so when making the important choice of a vacation rental manager, understanding how they will achieve consistent occupancy levels and maximize income is crucial in the decision making process.
To find out more about what Luxury Simplified Retreats can do for you as a homeowner, view the FREE booklet that highlights some of the ways that we can deliver value and profitability to the management of your vacation rental property in the Charleston SC area.