Undoubtedly, technology in the vacation rental industry has brought a ton of innovations. As the industry is developing, innovative tools have become the norm. That includes using vacation rental technology for Airbnb automation. These tools are designed to make hosts’ lives more convenient, and they could directly impact your earnings, success rate, and bookings. Here are the top six automation tools that you must check out.
1. Pricing Software
Vacation rental technology is becoming an integral part of every host’s arsenal of tools. Software, such as Price Labs or Beyond Pricing, offer dynamic pricing solutions. Dynamic pricing tools utilize real-time consumer data to provide suitable price recommendations. This allows you to use such actionable data to increase and maximize your revenue. Moreover, you will receive other tips and metrics that can help with skyrocketing your business. Some features might include:
- Price optimization
- Dynamic pricing
- Competitor analysis
- Yield management
- Data mapping
- Commission management
2. Accounting Tools
Accounting-related tasks can get quite tedious and time-consuming. Not only that, but a single mistake could have a vastly negative impact on your business. Luckily, you can always turn to vacation rental tools for accounting. Using this software will enable you to automate these boring processes and allow you to focus on more important things, like customer satisfaction. Some noteworthy options include Quickbooks, Mint, and Wave apps. When it comes to features, most vacation rental technology service providers offer the following:
- Income and expenses
- Invoicing and payments
- Reports
- Tax deductions
- Payroll management
- Receipt scanning
- Credit card processing
3. Check-in and Check-out Automation
Using vacation rental software for automation of time-consuming processes will change your life. One of the most disliked hosting-related activities includes check-in, check-out, and key delivery. The best way to do a vacation rental key exchange is to automate the process. Recently, some vacation rental technology companies have released useful solutions. Since each is a bit different, we will discuss the three most popular options – Keycafe, August Smart Locks, and Lockitron Bolt.
Keycafe offers SmartBox features that enable guests to pick up and leave keys in a dedicated bin. The box reports any activity through the cloud, including notifying the host that the exchange had been successful.
August Smart Locks is another excellent option for hosts who’d like to increase the security of their rentals. They offer Wi-Fi-enabled Smart Locks. These locks allow hosts to lock/unlock their homes remotely.
Lockitron Bolt connects to the user’s device via Bluetooth. They use trademarked Lockitron Sense technology. This automatically unlocks the door as soon as you’re near your home. Or, you can use their Sense Notifications feature, which enables hosts to receive notifications whenever someone enters the house.
4. Vacation Rental Management Software
Vacation rental management software is the most comprehensive option on the market. This type of software is like a treasure trove of outstanding features. A lot of popular rental management service providers, such as iGMS, offer the following features:
- Automated messages and guest communication
- Channel management
- Financial reporting
- Cleaning and team management
- Guest reviews automation
Airbnb management is time-consuming. It requires a lot of attention to detail, and the logistics of it can become a nightmare. Using vacation rental software will help with growing your business quickly.
5. Vacation Rental Analytics Tools
Analytics is crucial. It enables you to understand and predict guest behavior, patterns, and habits. This type of vacation rental technology uses real-time data to predict and analyze various business aspects. Popular options such as Mashvisor software or AirDNA offer the following features:
- Property finders
- Purchase analysis
- Rent analysis
- Heatmaps
- Insights
- Competitive listing data
- Competition analysis
6. Other Home Automation Tools
Noise monitoring sensors are a type of solution that tracks noise levels at the vacation rental. If the guests are too loud, the host will receive a notification in real-time. That allows them to act immediately and avoid unpleasant situations with neighbors. A noteworthy service provider in this niche is NoiseAware.
Smart thermostats options such as Google Nest or EcoBee4 offer both Google Assistant and Alexa integrations to ensure maximum convenience. You will be able to remotely control heating, hot water, proximity sensors, etc. Not only that, but the system will automatically adjust to save as much energy as possible. That means that the temperature will increase when guests are at home. On the other hand, when guests leave, the temperature will automatically drop.
Home surveillance systems have become a necessity. Ensuring that both your property and the guests are safe should be your top priority. Consider investing in some outdoor surveillance systems, such as Ring, that will enable you to keep track of everything in real-time. An important thing to note is that you shouldn’t install cameras inside your vacation rental property. It is illegal because it compromises the guests’ privacy. As a result, you would risk facing potential charges.
As you can see, these vacation rental technology solutions can be beneficial. They assist with time management, guest management, finance management, and a lot of other time-consuming tasks. If you’d like to maximize your income while saving time, then consider investing in Airbnb automation tools. This will allow you to focus on other, more critical business-related tasks and obligations.
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