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07/15/24
Homeowners

Park City Vacation Rental Market Review: June 2024

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As the lush landscape began to flourish in June, the Park City vacation rental market followed suit, experiencing a dramatic surge in occupancy. Despite a cooler start to the month suppressing early bookings, the market saw an impressive 174% increase in occupancy compared to May 2024. This review delves into the key metrics and trends that shaped June 2024, offering valuable insights for property managers and owners alike. Date Range:...

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06/14/24
Homeowners

Park City Vacation Rental Market Review: May 2024

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This review examines the Park City vacation rental performance for May 2024 compared to the same period in 2023. Park City, Utah, renowned for its world-class ski resorts and vibrant cultural scene, is a popular destination for tourists seeking winter sports and summer outdoor activities. Analyzing key metrics such as paid occupancy, average daily rate (ADR), and revenue per available room (RevPAR). This review provides insights into vacation rental market...

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06/12/24
Homeowners

What You Don’t Know Can Cost You: Know These 5 Vacation Rental Management Fees

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Managing a vacation rental property can be a lucrative venture, offering the promise of passive income and hosting travelers from around the world. However, this dream often has a hidden cost: vacation rental management fees.  Often buried in the fine print, these fees can significantly impact your bottom line. Whether you’re a seasoned property owner or new to the vacation rental market, vacation property owners must know these 5 vacation...

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05/17/24
Homeowners

Vacation Rental Success: 10 Must-Ask Questions for Your Vacation Property Manager

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Are you looking to turn your property into a vacation rental success?  Before you hand over the keys to your slice of paradise, make sure you’re partnering with the perfect property manager.  Like a seasoned captain navigating uncharted waters, here are ten must-ask questions for your vacation property manager to ensure smooth sailing and maximum returns on your investment. 1. Pro Forma Production Pro forma production is not just a...

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05/9/24
Homeowners

Unlock Profit Potential: 10 Game-Changing Upgrades for Vacation Homes

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Owning a vacation rental property offers numerous benefits, from providing a steady source of income to offering a personal retreat whenever needed.  However, in today’s competitive market, simply owning a rental property is not enough to attract guests and ensure profitability. Travelers’ expectations are evolving, with an increasing preference for unique, immersive experiences over traditional hotel stays.  As a result, property owners must recognize the importance of regularly updating and...

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04/21/17
Homeowners

More for Less: Tips for Renovating Your Vacation Rental Property

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In order to keep your vacation rental property fresh and attractive to prospective guests, renovations and upgrades are occasionally necessary. Regular updates can mean more bookings and bigger revenue numbers. We argue that the perfect way to start the day is with a tall stack of egg stuffed between two pieces of properly boiled and baked bagel. Warm colors, lots of interesting décor, and no shortage of comfy seating make...

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