The iTrip Short-Term Property Management Business Model Makes It Easier to Capitalize on Our Thriving Industry
A lot goes into starting a small business—time, energy, resources, and money. With so much required at the onset, it’s wise to first establish a business model. The iTrip Vacations® property management business model is time-tested, proven, and takes the guesswork out of operating your short-term rental property management business.
Plus, it comes with built-in advantages you wouldn’t have otherwise and helps grow your franchise over time. Keep reading to learn more about why relying on our business model helps new franchisees maximize their opportunities.
Business Model vs. Business Plan
Most businesses start out with a business plan, a thorough document that acts as a roadmap for establishing ideas and identifying potential problems. The document typically contains sections that describe the company and its mission, goals, products, and services, and marketing plan, among other topics.
It’s important to note that a business plan is different from a business model. While a business plan outlines the steps necessary to get going, a business model is a plan for profit (the reason you’re in business) or how your business will make money. A model covers everything from where a business sits within its industry to what kind and how many relationships it will have with suppliers and partners to generate profit. In short, the model explains where and how the money will flow.
Why Rely on the iTrip Vacations Rental Property Management Business Model?
iTrip has been in the private accommodations industry since 2008. We have taken our years of experience to create a business plan and model that allows franchisees to capitalize on an industry that shows no signs of slowing down and has experienced tremendous growth since 2020. At the heart of our model are two important drivers: well-established relationships with industry leaders and proprietary technology that allows franchisees to run their businesses efficiently.
iTrip has cultivated partnerships with important and respected listing sites like Airbnb, Vrbo, TripAdvisor, and over 80 other national and international sites that get properties seen by people every day. Homeowners who rely on iTrip enjoy, on average, up to 25% more revenue, versus managing their short-term rentals themselves. That’s not just good for them. It’s good for a franchisee’s bottom line and is just one thing that has helped us rank among the top 20 short-term rental property management companies in the world (Rentals United).
Our Property Management Franchise Technology Makes the Difference
The iTrip business model also features technology that allows franchisees to easily and efficiently operate their businesses. It provides them with innovation that acts as an aggregator, integrating all property management solutions into one place, so time isn’t wasted and profit is maximized.
With our software, franchisees are able to manage rates and set pricing, communicate directly with property owners and guests, integrate with multiple listing sites, and streamline other processes. It also helps to distinguish iTrip as a premier investment opportunity with ongoing support for the life of the business.
What are you waiting for? Now might be the time to leverage the iTrip property management business model to make the most of our industry. Contact our franchise experts today!