How To Run A Short Term Rental Property Management Company 

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Hostfully is one that I recommend for beginners but there are many and a few that will allow you to use their system for free for one unit. In terms of creating a manual, that is more complicated and a question that is to long to answer on this platform. If you buy me a coffee buy going to Instagram and clicking on the buy me a coffee link I’ll send you an email with some information on how to create a manual.

Hostfully and hostify are two good ones and they are the least expensive. Cost will depend on how many properties you have. And yes we offer mentorship and consultation. Send me an email at Fernando@pmipremiumservices.com

Thank you for the feedback. I will add it to the notes soon.

We use oracle cloud

Sorry for the delay. Google DACKinc.

It’s a customized system but there are a lot of general ones that are very good. I recommend that you get on some on-boarding calls with a few of them so you can see which one might suit you best.

Thank you for the question. I use Hostfully but the best PMS is the one that you will use to its fullest capacity. We had a much better system before that was designed specifically for us and that cost me a lot of money. The problem, it took to long to train people on how to use it. Hostfully, although not as robust, is easy to use and it takes my training staff only days to train a new property manager on how to use it verse weeks.

Thank you very much!!@@fernandodreamvacations-rentals

Your PMS so handle that or it should integrate with your bookkeeping software.

Thanks will do

Certainly! I will be answering this question in my Week In Review video tomorrow but here a few suggestions for Property Management Systems (PMS) that can help streamline your operations and accounting: 1. Guesty: Guesty is a comprehensive PMS that offers tools for managing bookings, listings, and accounting. It also provides profit-sharing features, allowing you to split revenue among property owners easily. 2. Hostfully: Hostfully offers property management and accounting solutions designed specifically for vacation rental managers. It includes tools for revenue distribution and reporting to simplify profit sharing. 3. OwnerRez: OwnerRez is a PMS with a focus on owner relationships. It provides features for revenue tracking and sharing, as well as customizable owner statements and reports. 4. MyVR: MyVR is a PMS designed for short-term rental owners and property managers. It includes accounting features for tracking income and expenses, as well as profit sharing tools for collaborating with property owners. 5. iGMS (formerly AirGMS): iGMS is a property management software that specializes in Airbnb and Vrbo rentals. It offers revenue tracking and distribution features, making it suitable for profit-sharing arrangements Before choosing a PMS, consider your specific needs, the number of properties you manage, and the complexity of your profit-sharing arrangements. It's also essential to ensure that the PMS integrates well with your accounting software to maintain accurate financial records.

@@fernandodreamvacations-rentals thanks a lot, looking forward for your week in review and thanks for your reply, much appreciated.

If you can afford it, I would start with a PMS from the very beginning.

I use a company called DACKinc

@@fernandodreamvacations-rentals thank you! Gonna check them out!

Hi!!! Thank you for following my content. “Buy me a coffee” and let’s talk. www.buymeacoffee.com/fernandoatPVR

@@fernandodreamvacations-rentals absolutely sure thing do you like hot coffee or iced lol. Talk soon!

There are numerous ways to do it yourself but the easiest way is by getting a pricing software, like pricelab or beyond pricing.

You give them the option of a refundable deposit or the insurance. Most will buy the insurance since the deposit is larger. For example our deposits range from $500-1000

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Congrats! Now you have to hustle. Clients don’t just appear.

@@fernandodreamvacations-rentals No kidding. How do I attract them?

@@glenn7721 hire me let’s get to work!

There are many states that don’t require licensing.

@@fernandodreamvacations-rentals Which states are those?

@@davidruhlman2591 Maine, Idaho, Maryland, etc. As stated there is a lot and some states have limited requirements in which short term rentals don’t fall under the property management requirements. I recommend you do a simple google search to find out what the requirements are in your area of interest.

@@fernandodreamvacations-rentals Thanks for the feedback, as you can imagine a simple google search gives 1000 conflicting answers in regards to managing long term rentals and short term rentals. Not many clear answers on the topic from google searches unfortunately.

@@davidruhlman2591 where do you want to operate?

Hostfully is my favorite

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