Common Questions About an iTrip Short-Term Rental Property Management Franchise Opportunity
Investing in a franchise requires research as you narrow your choices and decide on an industry in which to do business. With that said, we’re proud to say iTrip® is a leader in the short-term rental property management industry, and our vacation rental franchise training and support positions our franchisees as experts in their communities. Our team is available to answer the questions about our industry and franchise business opportunities. Keep reading to find answers to a few of the common questions we hear about franchising with iTrip.
How Does iTrip Compete?
iTrip offers an exciting opportunity to break into the short-term rental industry with a team of experts who have decades of experience. We used our knowledge to craft a business model that capitalizes on the short-term rental market by way of cutting-edge technology that allows our franchisees to manage their clients’ rental properties efficiently. Our in-house software provides franchisees with the innovation they need by integrating all property management solutions into one place, allowing iTrip property managers time to grow their businesses, often from the convenience of home.
Our property management software provides a competitive advantage, with important features that include:
- Rate management tools to set pricing, boost revenue, and adjust rates.
- Integration with multiple listing sites, so properties are seen on dozens of platforms, including Airbnb, Vrbo, Booking.com, Google, and other websites.
- The ability to send emails out automatically to guests after they’ve booked a property and to communicate directly with property owners and guests.
- A system that pulls reports and statements to help with month-end accounting.
iTrip’s property management software also allows franchisees to provide five-star service to property owners and their guests for a true competitive advantage.
Can Franchisees Be Absentee Business Owners?
The short answer is no. An iTrip short-term rental property management franchise requires you to be hands-on and proactive as you grow your territory and client base. Some of the responsibilities our franchisees oversee include marketing their business at the local level, networking with their community, and establishing and managing vendor relationships with cleaning, landscaping, and snow removal services, among others. This means iTrip property managers must have a local presence and live and work in their territory.
Do They Need Property Management Industry Experience?
Not at all. Thanks to our expert vacation rental franchise training and support, just about anyone with professional work experience, ambition, and the right financial qualifications can become an iTrip franchise owner.
Our support staff ensures each new franchisee receives comprehensive training that prepares them for all aspects of the business, including:
- How to develop vendor and industry relationships
- How to leverage our exclusive software and technology
- How to market their franchise to reach the right audience
- How to find and manage rental properties
- How to create quotes and bookings
After their franchises are up and running, they can depend on our established relationships with over 80 national and international listing sites, including Airbnb, Vrbo, and TripAdvisor, to help put their rental property listings in front of more potential customers.
Still have questions? Reach out to the iTrip team for answers, and let’s begin your franchising journey!