Efficient management is crucial for success in the short-term rental industry. Thankfully, there are several software solutions available that can streamline your operations, automate processes, and enhance the overall guest experience. In this blog post, we will explore our three favorite, and most-used software platforms—OwnerRez, Turno (formerly TurnoverBnB), and PriceLabs—and discuss their features, benefits, and how they can assist in managing your short-term rental business.
- OwnerRez: OwnerRez is a comprehensive software platform designed to simplify and automate various aspects of short-term rental management. Key features of OwnerRez include:
a. Channel and Reservation Management: OwnerRez allows you to manage multiple booking channels from a single dashboard, including popular platforms like Airbnb, HomeAway, VRBO, and Booking.com. This also includes tools for managing reservations, including calendars, pricing, and availability settings. You can set custom rates, create discounts, and implement minimum stay requirements to optimize your revenue.
b. Automated Messaging: With OwnerRez, you can automate guest communication, including pre-arrival instructions, check-in details, and post-stay follow-ups. This saves time and ensures consistent and timely guest interactions. OwnerRez is one of the only short-term rental management softwares that includes both Airbnb and VRBO messaging.
c. Direct booking website: OwnerRez makes it easy to set up and manage a professional website for direct bookings. This helps short term rental owners get their own customers, rather than relying solely on platforms like Airbnb and VRBO. We often encourage repeat guests to book direct with us (and offer a 10% discount for doing so!)
d. Payment Processing: OwnerRez facilitates secure payment processing, allowing guests to make reservations and payments directly through the platform. It also offers features like refund management and damage deposit handling.
- Turno (formerly TurnoverBnB): Turno is a specialized software solution that focuses on streamlining the cleaning and turnover process for short-term rental properties. Its key features include:
a. Cleaning Scheduling: Turno simplifies the management of cleaning and maintenance schedules. You can create and assign tasks, set recurring cleanings, and track the status of each task.
b. Team Management: The platform allows you to manage cleaning teams and assign specific properties or tasks to individual team members. You can communicate with your team and receive real-time updates on the progress of cleanings.
c. Checklists and Inspections: Turno provides customizable checklists for cleaning and inspections to ensure consistency and quality control. This helps maintain high standards and enhances the guest experience.
d. Integrations: The software integrates with popular booking platforms (including OwnerRez), enabling seamless syncing of reservations, check-in/check-out times, and cleaning schedules. You can also use Turno to automate payments, so they are sent to the correct cleaner, from the correct bank account.
- PriceLabs: PriceLabs is a dynamic pricing and revenue management tool specifically designed for short-term rentals. Its features include:
a. Automated Pricing: PriceLabs uses algorithms and market data to dynamically adjust your rental rates based on factors such as seasonality, demand, competitor pricing, and local events. This helps maximize your revenue and occupancy rates.
b. Customization and Controls: You can set pricing rules and restrictions according to your preferences, such as minimum and maximum rates, length-of-stay discounts, and last-minute pricing adjustments.
c. Data Analytics: PriceLabs provides detailed analytics and reports, allowing you to monitor the performance of your pricing strategies, compare historical data, and make data-driven decisions.
d. Integration and Compatibility: The software integrates with various property management systems and channel managers, ensuring seamless implementation with your existing workflow.
Effective software solutions can significantly enhance the management of your short-term rental business. OwnerRez offers comprehensive features for reservation management and guest communication. Turnover specializes in streamlining cleaning and maintenance processes, ensuring efficient turnovers and quality control. PriceLabs focuses on revenue optimization through dynamic pricing strategies. Assess your specific needs and priorities to determine which software best aligns with your business requirements. Implementing these powerful tools can streamline operations