Short or Long-Stay Bookings? A Question for Every Host

 

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There are many areas a host needs to consider when listing a place at a vacation home rental website. Many of these aspects also have an impact on booking and cancellation policies a host needs to set. One of the major issues a host needs to consider is the minimum amount of stay for each booking. There are many pros and cons hosts need to consider for both short and long-term stays at their rentals.

To start with, short- term stays have many advantages to consider. If a host has a distinguished place with a great scenery, nice interior decorations, and good reviews, then he/she might want to list the place for a slightly higher rent than compared places in the area. Short – term stays that rent for a little higher price are usually more profitable than long- term stays that rent for relatively less money with a possible discount being applied too. So, this enables you to have more frequent bookings of your place with more profit being made had you booked your place for a long – stay of a guest with less profit. Read more

How to calculate the budget of starting and running a vacation home rental?

So, you decided to put your home up for rental. There are several categories of the cost you need to consider to start a business of renting your own vacation home. These costs include Upgrade costs, running costs and maintenance costs.
How to calculate the budget of starting and running a vacation home rental?