Short-term rentals can be a great way to earn extra cash. However, they come with their own set of challenges that must be addressed in order for you to have a successful experience. One of these challenges is accounting—and it’s not just the bookkeeping involved with tracking income and expenses.
It’s also important to keep track of which properties are generating revenue and how much, when guests check-in or out if there are damages that need attention…the list goes on! A property management software like Lodgable can help take care of all this without much hassle.
Besides, lodgable is designed to save you time in many different ways. Everything from generating revenue statements to providing access to guest communications is streamlined. This means that you spend less time on data entry and more time managing your properties.
Here are 5 ways by which property management software can help you with your short-term rentals:
When it comes to short-term rentals, manually tracking expenses is a challenge. You have to track so many different things—from income from rental sites like Vrbo and Airbnb to costs for cleaning services, utilities, furniture…the list goes on. A property management software can integrate with your bookkeeping software so you don’t have an additional task on your hands or completely change how you do your books just to accommodate short-term rentals.
As mentioned earlier, property management software makes documentation a whole lot easier because all the information you need is within easy reach in one place. With lodgable, you have access to weekly reports that tell you which properties are bringing in revenue and what your occupancy rate is. You can use this information to determine which units are doing better than others.
3. Free customized websites
Lodgable offers you the ability to create customized websites for your short-term rentals. Property managers can advertise their listings, attract guests, and even list deals and offers on these sites.
You can design your website to look exactly how you want it to. This makes for a more professional presentation on your end and can help increase bookings by showcasing the best of your properties.
4. Increased bookings
Lodgable will increase bookings by listing you on multiple channels and using dynamic pricing. It will also improve the quality of your listings by offering professional photos, detailed descriptions, and custom calendars.
5. Less stress
Finally, property management software allows you to take care of your bookkeeping and other important tasks without adding additional stress. You can create customized checklists for tasks that need to be done regularly. For instance, if your properties require weekly cleanings from professionals, you can set up reminders each week so they don’t get overlooked.
As a property manager, you have to stay on top of your short-term rental management. Lodgable is a free and easy-to-use property management platform for short-term rentals that can help you do just that. It is designed with the needs of today’s vacation rental managers in mind – From optimizing listings to custom websites, channel management, housekeeping tools, and accounting, Lodgable will help you manage everything in one place and help increase revenue.