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Description

Here you will cover several lessons that will introduce you everything you need to know to start managing a vacation rental (or multiple!), and how to get started with your first properties. Our goal is to help you get a jumpstart into managing in your market to begin making profit very quickly. Watch the basic level lessons to get the knowledge required to have initial success, then progress to the more advanced levels to scale and master the business!
This course will make you a professional vacation rental manager, but once you've mastered this please join us at Vacation Rental University to see over 50 hours of additional content going extremely deep in each subject. 
Who this course is for:
People who are new to managing Vacation Rentals, short term rentals, (VRBO, AirBNB) and want to see rapid success!
REALTORS who are interested in how Vacation Rentals work so they can sell more properties.
People who think they are interested in Vacation Rentals or AirBNB's so they can decide if the work fits their lifestyle and personality.

What you'll learn

Operate multiple vacation rental properties at a professional level.

Avoid costly mistakes getting started in vacation rentals or on AirBNB

Generate profits very quickly

Understand how to build on the principles taught here to scale into a larger business.

Requirements

  • You will need a copy of Adobe XD 2019 or above. A free trial can be downloaded from Adobe.
  • No previous design experience is needed.
  • No previous Adobe XD skills are needed.

Course Content

27 sections • 95 lectures
Expand All Sections
1-Introduction to Vacation Rental Management
7
1.1-Introduction
1.2-Defining Vacation Rentals
1.3-Data Driven Processes and Decision Making
1.4-Legality and Insurance
1.5-Cash Flow vs. Profit
1.6-Business Expenses
1.7-Bookkeeping
2-Getting Started - your first steps!
5
2.1-How to Get Your First Rental
2.2-Staging and Preparing Your Property
2.3-Using a Property Management System (PMS)
2.4-Setting Up a Property In the PMS
2.5-Property Descriptions
3-Revenue - Marketing & Reservations
8
3.1-Where to Get Bookings?
3.2-Online Travel Agencies (OTAs)
3.3-Reservations - Theory and Process
3.4-Rates & Competitive Rate Analysis
3.5-Marketing Locally
3.6-Direct Bookings
3.7-Social Media
3.8-Blogging
4-Managing the Business of Vacation Rentals
13
4.1-Key Costs to Watch
4.2-Prioritize Your Business
4.3-Things to Prepare BEFORE Going Live with Your First Property
4.4-DOUBLE CHECK EVERYTHING!
4.5-PMS Reminders!
4.6-What to watch for AFTER Going Live
4.7-In The Field (Operations)
4.8-Communication
4.9-Simplify Communications
4.10-Financial Review
4.11-Key Performance Indicators (KPI) - Daily
4.12-Key Performance Indicators (KPI) - Weekly
4.13-Key Performance Indicators (KPI) - Monthly & Annual
5-Guest Management
8
5.1-Booking Payments
5.2-Additional Revenue Opportunities
5.3-Email Templates for Guests
5.4-Guest Communication and Access
5.5-Property Automation (Tech)
5.6-How to Handle Guest Check-ins (Turns)
5.7-24/7 Service
5.8-Reviews
6-Managing Property Owners & Growth
6
6.1-Prospecting for New Property Owners
6.2-Owner Contract or Rental Management
6.3-Owner Statements
6.4-Property Owner Emails and Communication
6.5-Firing Property Owners (for growth!)
6.6-Scaling your Business