{"id":177864,"date":"2024-09-27T12:28:58","date_gmt":"2024-09-27T18:28:58","guid":{"rendered":"https:\/\/www.biggerpockets.com\/blog\/?p=177864"},"modified":"2024-09-27T12:29:02","modified_gmt":"2024-09-27T18:29:02","slug":"tech-tools-for-short-term-rentals","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/tech-tools-for-short-term-rentals","title":{"rendered":"5 Tech Tools for Short-Term Rentals to Amp Up Your Business"},"content":{"rendered":"\n

As <\/span>short-term rental <\/span><\/a>(STR) hosts, we balance a million things at once\u2014guest communications, bookings, cleanings, and, occasionally, reminding guests that \u201cno, your pet llama can\u2019t stay.\u201d <\/span><\/p>\n\n\n\n

Luckily, you don\u2019t need to do it all manually anymore and can rely on the great inventions of modern times. No, I am not referring to DoorDash. I\u2019m talking about the STR secret sauce.<\/span><\/p>\n\n\n\n

From automating guest responses to keeping your property booked and clean beyond belief, these five tech tools will transform your rental game from “I\u2019m ready to sell\u201d to \u201cI am an STR savant.\u201d<\/span><\/p>\n\n\n\n

1. Property Management Software (PMS)<\/span><\/h2>\n\n\n\n

Have you ever had nightmares of having your property double-booked and both guests showing up simultaneously? How about your cleaner never realizing they needed to clean your property, and the next guests arrived at a trash dump in house form? <\/span>That is when <\/span>property management software<\/span><\/a> (PMS) like <\/span>Hospitable<\/span><\/a> comes <\/span>in<\/span> clutch.<\/span> You might as well consider it the brains of your STR success. <\/span><\/p>\n\n\n\n

Hospitable is like the concierge you never knew you needed. It automates your guest communication (yes, even those last-minute questions like, “Does the blender work?” at 3 a.m.). This beauty syncs with Airbnb, Vrbo, your direct booking site, Booking.com, and more, ensuring no message slips through the cracks. You can set up auto-replies, thank-you messages, and even prescheduled instructions <\/span>so you<\/span> look like the most organized host on the planet\u2014even if you’re binge-watching Netflix.<\/span><\/p>\n\n\n\n

Hospitable frees up your time, makes you look like a professional, and prevents you from needing to throw your phone across the room in frustration. It is perfect for hosts with less than <\/span>10<\/span> or so properties and should even <\/span>be set up<\/span> when <\/span>you are just<\/span> starting with one. Plus, no more 2 a.m. texts using their artificial intelligence (AI) power!<\/span><\/p>\n\n\n\n

2. Dynamic Pricing Software<\/span><\/h2>\n\n\n\n

If you’re still setting prices manually, you’re living in the short-term rental dark ages. Dynamic pricing tools that help you set competitive rates based on real-time market demand will pay for themselves in the first month you use them. You wouldn\u2019t charge peak prices on a random Tuesday, right? <\/span><\/p>\n\n\n\n

Dynamic pricing software ensures you\u2019re <\/span>always<\/span> optimizing for <\/span>those sweet,<\/span> sweet profits.<\/span> Some top companies include PriceLabs and Beyond Pricing, and even more are <\/span>popping up every day<\/span>.<\/span><\/p>\n\n\n\n

It\u2019s like having a Wall Street stockbroker, but for your rental pricing\u2014minus the pinstripe suits and coffee-fueled 4 a.m. trading. This tool considers factors like local events, holidays, and market trends to keep your prices competitive without you lifting a finger.<\/span><\/p>\n\n\n\n

Do you think Hilton or Marriott are setting their prices once a year and then just hoping they\u2019re accurate? <\/span>Dynamic pricing software ensures your property <\/span>is always priced<\/span> to book<\/span>\u2014and<\/span> at the best rate.<\/span><\/p>\n\n\n\n

3. STR Data Analytics Companies<\/span><\/h2>\n\n\n\n

Think of these STR data companies as your secret weapon for market research. Companies like AirDNA, Rabbu, Mashvisor, and more analyze millions of Airbnb and Vrbo listings to provide you with insights on pricing, occupancy rates, and market trends. Want to know how much that beach house three blocks away with a pool is making? They have you covered.<\/span><\/p>\n\n\n\n

Use this tool to compare your property\u2019s performance to others in the area, determine if you\u2019re under or overpricing, and discover new opportunities. You might find out that adding a hot tub or pet-friendly amenities could increase your bookings by 30%.<\/span><\/p>\n\n\n\n

You can\u2019t improve what you don\u2019t measure\u2014you need actionable data <\/span>so you can<\/span> make decisions based on numbers, not gut feelings. (which<\/span>, let\u2019s be honest,<\/span> may or may not always be reliable).<\/span><\/p>\n\n\n\n

4. Smart Noise\/Smoke Detectors<\/span><\/h2>\n\n\n\n

It\u2019s 11 p.m., and your guests are \u201cjust having a small get-together,\u201d but you start getting complaints from the neighbors about a full-on rager. <\/span>This<\/span> is when tools like NoiseAware, Minut, Wynd, and more could become your personal party bouncer.<\/span><\/p>\n\n\n\n

These magical devices monitor noise levels without invading privacy (so you don\u2019t have to be <\/span>that<\/span><\/em> host). If noise levels exceed a certain threshold, you get notified before things spiral out of control. They can also sense different types of smoking to <\/span>notify<\/span> you if your guest is fogging out the place or just \u201ccooking\u201d (burning to a crisp may be better). Plus, you can set it up to send polite but firm automated messages to your guests, reminding them that the whole neighborhood doesn’t want to hear their impromptu concert.<\/span><\/p>\n\n\n\n

Noise complaints can lead to bad reviews and even fines in some cities. Smoking can lead to canceled incoming guests and heavy cleaning fees. These technologies help you prevent party disasters before they happen\u2014and your neighbors will love you for it.<\/span><\/p>\n\n\n\n

5. Cleaning and Operations Management (COM) Programs<\/span><\/h2>\n\n\n\n

Once your guests leave (hopefully without burning the place down), it\u2019s time to get your property back in tip-top shape. <\/span>These cleaning and operation management (COM) programs can automate <\/span>the scheduling and management of<\/span> cleaning, inspections, and maintenance.<\/span> Tidy, Breezeway, Turno, and others are some of my favorites with stellar reputations.<\/span><\/p>\n\n\n\n

Using these means no more frantically texting your cleaner to ask, “Did you remember to replace the towels?” COM programs <\/span>make sure<\/span> your property stays pristine, so you don\u2019t end up with any horror stories like finding a missing sock in the microwave (yes, it\u2019s happened).<\/span><\/p>\n\n\n\n

Guests expect perfection. Your cleaner wants to be updated regularly. You don\u2019t want to be your cleaner’s <\/span>personal<\/span> scheduler. COM programs help you deliver by streamlining cleaning and maintenance tasks so every turnover is flawless.<\/span><\/p>\n\n\n\n

Take Control of Your Business<\/span><\/h2>\n\n\n\n

Short-term rental success isn\u2019t just about having a great property\u2014it\u2019s about making your life as a host easier.  Your time is valuable, and STRs will never be entirely <\/span>passive<\/span><\/a> by nature (unless you have an unlimited budget, which I cannot relate to). Taking your systems and processes seriously will pay off in the long run.<\/span><\/p>\n\n\n\n

These five tech tools will help you automate, optimize, and streamline your operations, allowing you more time to enjoy the good parts of hosting (like counting your 5-star reviews). And who knows? With all this extra time, you can start your TikTok series about the wildest guest stories.<\/span><\/p>\n\n\n\n

I\u2019d watch and love to chime in with the time I had a guest attempt to do a goat sacrifice. I\u2019ll save that story for Halloween.<\/span><\/p>\n\n\n\n

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<\/p>\n","protected":false},"excerpt":{"rendered":"

As short-term rental (STR) hosts, we balance a million things at once\u2014guest communications, bookings, cleanings, and, occasionally, reminding guests that \u201cno, your pet llama can\u2019t stay.\u201d  Luckily, you don\u2019t need […]<\/p>\n","protected":false},"author":613755,"featured_media":174421,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7271],"tags":[],"class_list":["post-177864","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-short-term-rentals"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/177864","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/613755"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=177864"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/177864\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/174421"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=177864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=177864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=177864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}