4 Reasons Why Automating Your STR Business is Essential in 2024
They say “Time is Money” and if that is true, how much of your hard-earned time is being spent manually running your short-term rental business? The manual running of a corporation is an overused and outdated model. Technological advancements and customer expectations are transforming at a rapid pace.
Have you considered that it may be time to break away from being the spread-thin CEO that earns profit from their own work and instead, move into the powerful CEO that earns from systems they’ve created for their business?
Here are a few benefits you receive when you automate your short term rental business so you can decide if it’s something that would be a good fit for you or not:
Save Time on Daily Operations
Are you constantly scheduling and managing your cleaning team after guests depart? How much time each month is spent camped out at your property trying to perform routine maintenance fixes? Countless hours on the computer acting as your own financial analyst…time that can never be returned to you. Automation allows you to generate systems that create seamless and hands-free appointments with the cleaning team, and the on-site golfer, and auto-generate & file monthly property ROI statements.
Never Miss Another Customer Inquiry
Guests make inquiries 24/7, 8 days a week - how the heck are you managing to be available 100% of the time? Have you ever experienced the frustration of a missed booking due to a lag in your response time? Or even the headache of having to leave from personal time with friends or family to head out to your property to handle some guest concerns, it’s no fun. Automation eliminates this by providing artificial intelligence that can handle sending out all information related to common questions about guest stays and hold general conversations. Enjoy the benefit of 24/7 customer service, while you focus on building a life you love.
Increase 5 Star Reviews
Having pre-set messages that go out at the end of booking to remind a guest that you’d love and appreciate a 5-star review is a feature most hosts find very helpful. Therefore never missing an opportunity to encourage higher ratings. The task is easy enough but combined with an occupancy rate of 70%-80% it can begin to eat away at your to-do list.
Multi-Calendar Integration
A common issue I hear amongst hosts is the battle of avoiding the dreaded “double booking”! Having to bounce back and forth between platforms to ensure that you are updating the calendars for potential guests leaves a high room for errors and mistakes. Hosting software in 2022 allows you to connect your platforms to one centralized location that makes all information seamlessly connected and updated in real-time. Ahh, automation is here for the win again!
Here are a few automation softwares for you to explore:
https://www.guesty.com/
If you are interested in automation but are not interested in the time it takes to set it up or manage it then schedule a call with iEssentials Property Management today -> www.iEssentialsProperties.com.