Having to coordinate everything is very challenging, especially if you’re managing more than one short-term rental property. If you don’t automate some of your operations, while your business is growing, you can end up dealing with various complications and time-restraints. Luckily, recent innovations, such as Airbnb automation tools, are here to make your life much more manageable. In this article, we will discuss three types of Airbnb automation software:
- All-in-one software;
- Dynamic pricing software;
- Data and analytics software.
Airbnb automation increases efficiency and enables you to have more time to focus on other tasks that can help grow your business faster and smarter. So, let’s take a closer look at these tools to see how they can assist in optimizing your business.
#1 All-In-One Vacation Rental Software
Using all-in-one vacation rental software is the most comprehensive and efficient way to manage and automate various business processes. What makes this type of Airbnb automation software amazing is the fact that it acts as your personal property manager. It takes care of a wide variety of management activities, including:
- Multiple accounts management;
- Guest communication;
- Automating tasks for a cleaning team;
- Teams and tasks management;
- Financial reports;
- Automated messages;
- Guest reviews management;
- Key management automation.
An Airbnb host often spends a lot of time on coordinating cleaning services, updating Airbnb listings and calendars, responding to messages and inquiries, delivering keys, posting and asking for reviews, etc. Vacation rental software can save a lot of time on these mundane tasks, especially if you’re managing multiple properties. The main advantage is that this particular type of software allows you to control every aspect of your business from a single place.
As a host, you know that guest communication can be particularly time-consuming. Luckily, by using vacation rental software solutions that offer a unique smart messaging feature you can reduce time spent on guest communication. For example, vacation rental software, such as iGMS, enables you to automate at least 70% of all inbox communication. That means that users can save dozens of work hours and use that free time for business development activities. Moreover, all-in-one property management software is much cheaper than hiring an actual property manager to handle all these tasks.
#2 Dynamic Pricing Software
When it comes to other types of Airbnb automated software, dynamic pricing tools are also worth mentioning. If you don’t want to automate all processes, and instead are looking for something that’s more niche, then pricing solutions such as Beyond Pricing are a great way to take your Airbnb business to the next level. Dynamic pricing tools are used to maximize revenue and increase the occupancy rate. In short, they come in handy for automating anything finance-related. Usually, such tools offer the following features:
- Data-driven pricing recommendations;
- Multi-account synchronization;
- Automated updates;
- Competition research;
- Detailed analysis and statistics.
Moreover, you will receive different types of actionable information about revenue, occupancy, and average daily rates, that will directly help you with optimizing your Airbnb business.
#3 Vacation Rental Data and Analytics Tools
Vacation rental management is more than just replying to guest messages and meeting your guests upon check-in. Diligent hosts always need additional data to help them improve their short-term rental business and learn more about their guests.
Another useful type of Airbnb automation software includes tools that provide users with thorough analytics, statistics, and other types of actionable data. When purchasing data and analytics management tools, such as AirDNA or Mashvisor, you can expect to get the following features and information:
- Purchase analysis;
- Rental strategy;
- Booking lead times;
- Interactive analysis;
- Comparison charts;
- Investment property calculators;
- Cap rate;
- Neighborhood ratings.
In today’s data-driven world, it is essential to understand and analyze your guest habits and preferences related to choosing and booking certain properties. You also need to know how to use this data to your advantage – just going with the flow will no longer cut it. By using this type of Airbnb property management software, you will be able to maximize your ROI and increase occupancy rates. In addition, automating these processes will enable you to be more productive and have more time to focus on other tasks.
Running a successful business in the rapidly-evolving vacation rental industry can be challenging and time-consuming. The to-do list is always expanding – there are always some keys to deliver, messages to respond to, instructions to send, listings to update, houses to clean, bills to pay, etc. However, extending your team can be quite costly, because, besides providing paychecks, you need to invest in a larger office space to fit all your team members. Instead, you can save a lot of resources and time by investing in vacation rental software. You won’t have to wait long for your investment to return since automation tools have the power to optimize your operations and reduce expenses in no time.