In many markets, the vacation rental industry is riding high on the successes of 2021, which include continued high demand. That high demand, as we predicted in our VRM predictions for 2022, means fierce competition for available inventory. Even if the supply chain is still disrupted, inventory growth strategies can be implemented. Because in 2021, there will be a scarcity of resources in all industries, including real estate. This means that new owners with existing second or third properties are facing stiff competition! For property managers, this means that during 2022 and possibly beyond, you'll only have access to a limited number of acquirable listings. So, what can you do this year to increase your vacation rental inventory? As you plan your expansion strategy, keep these pointers in mind. Ensure that your homeowner marketing is up to par. Attracting new homeowners is similar to attracting potential guests in that it necessitates excellent communication, effective marketing...
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