What Responsibilities Can You Expect When Opening a Vacation Rental Franchise with iTrip?
Opening a vacation rental franchise with iTrip® is a great way to leverage our time-tested business model to join the short-term rental property management industry. As a franchise owner, you benefit from an established brand, which includes industry-leading software that makes running all aspects of your franchise easier, and long-standing relationships with some of the world’s most recognized listing sites.
What will some of your responsibilities be as an iTrip franchisee? You’ll be the face of your business, and it’s yours to grow and build on a local level. That means you’ll need to take a vested interest in business development with our guidance and support. Below are a few roles you’ll take on.
Marketing Your Business
You can count on our worldwide marketing efforts on a regular basis — including email campaigns, newsletters, and digital strategies — to reach customers. But it will be up to you to manage local initiatives that keep you in front of short-term rental property owners in your community and to grow your property portfolio. As a local business owner, you will interact with members of your community and connect with other business owners and investors. Staying vigilant about local marketing opportunities will be up to you.
Networking and Building Relationships
Being an iTrip vacation rental franchise owner means you’re comfortable with making yourself available to others and networking with people in your community. As the face of your business, you are its biggest and best advocate. As such, you’ll need to remind your community about the perks of short-term rentals and the benefits of a local manager. This can be achieved anytime you attend local functions, host educational events, get involved in local fundraising efforts, and take part in other networking opportunities. This is all about making connections and following best practices to keep your iTrip franchise front and center as a leader in short-term rental management.
Managing Rental Properties
In addition, another important responsibility you’ll assume when opening a vacation rental franchise with iTrip is the management of your properties. Your clients will depend on you to oversee that their properties receive regular bookings and are clean and safe for visitors. Recent trends show many short-term rental guests stay for longer periods of time — up to a month — and that can create new opportunities for you and your property-owner clients to generate steady revenue each month.
Regardless of how long guests stay, your primary job will be to manage a portfolio of short-term rental properties. Fortunately, you can count on iTrip’s technology to help you do it! Our comprehensive software lets you:
- Manage rates and set pricing for stays to compete with your market
- Integrate into leading listing sites like Airbnb, Vrbo, Booking.com, and more
- Connect directly with property owners and guests
- Pull monthly reports and statements
- And other important operational tasks
As an iTrip franchisee, you’ll wear numerous hats. But you can count on our support and guidance along the way for as long as you’re part of the iTrip brand family!
To find out more about the short-term rental market and how to start a vacation rental franchise with iTrip, get in touch today!