Edit
Edit
Click here to add content.
Why Turn Your Long-Term Into Short-Term Rental in Tel Aviv, Israel

Why Turn Your Long-Term Into Short-Term Rental in Tel Aviv, Israel

Should you or should you not turn your long-term rental into a short-term rental in Tel Aviv, Israel? It turns out you should and here’s why!

When a property owner has a property that they want to make a passive income through their rental management strategy they are presented with a crucial decision, which is:

What is better long-term or short-term rental in Tel Aviv, Israel?

This can be a conflicting decision for many reasons. But at this point there has never been a better moment in your life to address those reasons.

Long-Term or Short-Term Rental in Tel Aviv

The key to analysing this is the location in which your property rental is based.

If you are lucky enough to have your property in a great location in the heart of Tel Aviv, or perhaps a sea front property that very much points you in the direction of the short-term rental market.

The short-term rental market is generally much more lucrative than the long-term market. It is common for you to double, triple of even quadruple your earnings when compared to the long-term rental market.

Understanding you are in a prime location in a highly sought after area is key in your decision making here.

The long-term market may seem safer. It may give you a lot less work to do. But that is why you need to assess the risk factor when committing to the short-term rental market.

Assessing the Risk Factor

The best way for you to enter the short-term rental market, capitalise on the rewards and mitigate on the risk is to work with a property management company in Tel Aviv.

You can learn about some of the benefits of working with a property management company. Check out my article – 10 Great Advantages of Working with a Property Management Company.

A professional property management company will take 99% of the risk out of the equation for you.

Playing it Safe in the Long-Term Rental Market

There are of course advantages to committing your property to the long-term rental market. The biggest advantage is increased consistency and no seasonality.

Seasonality is a big factor in the short-term rental market. You must consider this or suffer the consequences.

If however you have a vacation rental property in Tel Aviv, seasonally is not a big issue.

Of course Israel does experience peaks and lows, but the market never really switches off completely. There is literally good earnings to be made all year round.

The COVID-19 Effect

Even COVID-19 couldn’t kill the Israeli short-term rental market. Earnings dropped as they did for many businesses across many industries. But there was still a local market for short-term rentals in Tel Aviv.

As a property management company, we switched our efforts. Going from being primarily aimed at the international market to being aimed at the domestic market.

The market is adaptable and can thrive in adverse conditions. This makes it one of the most robust industries in existence today.

If you are entering the short-term rental market for the first time and you are doing it solo, you may seriously want to reconsider. It may be better to go with the long-term rental market, even if you happy to have a property in a great city like Tel Aviv in Israel.

The investment is greater for the short-term rental market. In terms of time, energy and expertise, but the rewards are much greater.

An Individual Decision

Really it’s down to you as an individual. What you are willing to put in, who you are willing to parent with and where your property in located.

With the long-term rental market in Tel Aviv, the idea is that you put the tenant in and forget about it. Taking a consistent, but relatively small income each month.

This may suit you and if it does go for it.

If not, my advice is to seek out a property management company in Tel Aviv. They will be ready to manage your property on your behalf.

For advice on choosing a property management company don’t miss my article. 10 Things to Ask Before Signing with a Property Management Company.

The bottom line is that this should be business decision for you. Look at what you can earn and make a decision accordingly. The market is clear for both the long-tern and the short-term marketing. A professional property management company should be able to give you some indication of what you can earn.

They can do this by referencing other properties that they manage which are similar to yours.

For some of the properties we manage make sure you check out our website at Sea N’ Rent

Have you got a property in Tel Aviv that you’re considering renting out as a vacation rental?

Set up a call with Happy Owner today and see if we can help you with earning the most from your property.



Scott D. Renwick

Scott D. Renwick is the Head of Operations at Sea N’ Rent Ltd., working with them since 2015. His skills have helped the company structure its operations to ensure stability and future growth in the property management business.

3 Rental Management Strategies in Israel

3 Rental Management Strategies in Israel

Today I’m going to show you 3 rental management strategies in Israel. You’ll be able to decide what’s right for you and your property.

What compels people to rent out their property is the term we hear a lot of on the internet, which is “passive income”.

Passive income is the idea that you can start something up and let it run itself. Bringing you in an endless stream of revenue.

Of course, this is ideal. So many people explore options for opportunities that fit into this business model. One of these opportunities is property rental. You get your tenant and the money comes in continuously.

It seems like a no-brainer. However, to make good money you generally need more than one property in the long term market and in the short term market of rentals, you need excellent property and guest management.

With that said, let’s say you’ve decided to go for it and rent out your property. You’re going to need a rental management strategy.

In the following text, we are going to look at 3 rental management strategies in Israel. These will help you decide what is the best way for you to rent out your property and make that passive income.

3 Rental Management Strategies

1. Self Management

Self-management is appealing to the novice property owner. You don’t have to give up any of your revenue. You’re in complete control and have a say over every aspect of the business that is the renting out of your property.

However, the issues are that it’s really all on you to get this right. If your goal is passive income than you being on top of everything is not what you want.

While things are running smoothly you may be able to manage things well. However, as soon as more of your time and resources are required you will begin to understand the full extent of the job that you took on in managing your property rental.

Self management may work perfectly for you, but there are many reasons why it won’t. Such as:

  • Issues with guests
  • Getting guests
  • money management
  • rental management
  • property maintenance
  • building repairs
  • issues with nearby tenents
  • legal issues

You will find soon enough that as far as rental management strategies go, that this is the equivalent of setting up a small business.

You may love it, or it could drive you crazy to the point of just wanting to sell the property and be done with it.

2. Co-Hosted Property

Some OTAs (Online Travel Agents) such as Airbnb run schemes so that you can share the responsibility of managing your property with another individual who will act as a co-host.

This may be a great idea, if you can find the right co-host to share the responsibility with. Of course there would likely be some sort of monetary compensation for the co-host for taking care of the reservation for you.

The idea is that the workload and responsibilities are shared, so there is less pressure on you to make sure you are on top of everything.

The major issue with this is that a co-host may not treat your property or guests with the level of professionalism that you want.

Because they are individuals with other responsibilities it’s hard to treat a co-host like they are your staff, which is what you really need in order for them to do the job well.

While co-hosting may be the perfect solution for you, it can be messy in terms of how things work in your online OTA dashboard and when it comes to the payouts and how payments are divided.

Of course because there are no two of you involved there is a greater opportunity for miscommunication which ultimately will lead to a poor guest experience. This has significant ramifications when it comes to your property getting more and more reservations.

3. Property Management Company

There are a lot of advantages when it comes to the strategy of partnering with a property management company, which you can read about in my other article – 10 Great Advantages of Working with a Property Management Company.

The biggest disadvantage, however, is that property management companies come at a price. However, it’s not really a disadvantage, when you consider all the advantages you are going to get. It’s more of an exchange of resources that will ultimately result in you maximizing your property’s earning potential.

But at Happy Owner, we encourage all property owners to be cautious when selecting a property management company, which is why we published this article – 10 Things to Ask Before Signing with a Property Management Company.

When managing our Sea N’ Rent Israel properties we have a full operation from A to Z which guarantees success when it comes to the guests of your property and the upkeep of your property.

Working with a property management company really does play into the idea of passive income. You basically have to hand over the keys and watch the money come into your bank account.

Working with a property management company is really for people who don’t want to spend the time it takes to manage a property like a business and yet still want all the benefits of additional revenue.

Have you got a property in Tel Aviv that you’re considering renting out as a vacation rental?

Set up a call with Happy Owner today and see if we can help you with earning the most from your property.


Scott D. Renwick

Scott D. Renwick is the Head of Operations at Sea N’ Rent Ltd., working with them since 2015. His skills have helped the company structure its operations to ensure stability and future growth in the property management business.

What is a Property Management System and Why do You Need One?

What is a Property Management System and Why do You Need One?

What is a Property Management System and what are the benefits it provides to those managing vacation rentals. We deliver all the details.

In my last article – What is a Channel Manager and Why do You Need One? we talked about the ins and outs of having a channel manager.

A channel manager is a primary tool for anyone looking to scale up their efforts in their bid for world domination in the vacation rental market 🙂

Now we’re talking about something different. Something even more technical. We’re talking about a Property Management System of a PMS for short.

What is a Property Management System?

A property management system is online software that facilities the day-to-day operations of your vacation rental business.

This often includes the following:

– Integration of your channel manager
– Automation of guest messages
– The backend of your website
– Guest data
– Payment processing
– Receipt management
– Back end access for homeowners
– Homeowner email automation
– Homeowner data management

Within each one of these sections is a vast array of options and tools. On top of the above list there will be other additions to the list depending on which property management software you use.

At Happy Owner we utilise the services of a Property Management Service by the name of Krossbooking.

This is used for all our Sea N’ Rent hosted apartments in Tel Aviv.

I’ve used several PMS software platforms including Kigo, Avantio, Guesty, and SIBO. I would have to say Krossbooking (an Italian company) is perhaps the best one.

Krossbooking is still relatively new on the scene and perhaps this is what makes them better than the competition. They still embody the spirit of innovation and a strong willingness to adapt to their clients to meet their needs. Whereby other companies are just so big, they don’t feel it’s worth their while.

This means you either accept the platform as it is or you find another property management system. They don’t really care. Krossbooking do care and this is why I rate them so highly.

Confusion Between Channel Manager and Property Management System

If you’re new to the world of vacation rentals, you may get confused between a channel manager and a property management system. This is because many PMS platforms seamlessly integrate with their own channel manager.

Because of this tendency, stand-alone channel managers like Beds24 are becoming a little redundant to the industry and they are faced with two choices:

1. They must either adapt and become a channel manager or…
2. have the best possible integration with as many PMS providers as possible.

When I worked with Beds24 I also worked with Kigo legacy as a stand-alone PMS. The two were not connected. This caused many headaches. Moving to Krossbooking was the solution we needed.

When do you need a property manage systems?

Property Management Systems are complex machines. If you operate less than 10 properties the idea of working with a PMS may not be for you. You may still be happy with managing things manually and you may be doing so successfully.

You work with a property management system when the manual effort becomes too much to coordinate and stay on top of. In other words when you want to position yourself technically so that you can multiply your efforts and give yourself the foundation to scale up your business.

Don’t be sucked in with the marketing

No matter how brilliantly these software companies are at marketing their product and how easy they make it all look, learning how to use a PMS takes a significant amount of your time. It requires dedication, endless troubleshooting, and a desire to understand the system deeply.

With that said, I do believe every property manager system I have seen and used is overly complex.

Most of the features on the system will never be used. The systems look much more complex than they need to be from the end user’s point of view.

I always feel there should be a lite version of the PMS, whereby you just turn on the features you use and turn off the ones you don’t. It would make the product much more user-friendly and achieve the exact same results.



What you should look for when choosing a PMS?

It’s fair to say that pretty much all PMS systems do the same thing. Offering the same core functionality. If you ask me you are looking for two primary qualities:

1. Integration of PMS and channel manager
2. AMAZING customer support

Let’s talk about that second one – AMAZING customer support – Property Management Software is complex. You will inevitably need customer support to troubleshoot issues you are having. If the customer support is not AMAZING. Don’t touch them. Take your money somewhere else.

Customer service is the single biggest differentiator between an average PMS and a great PMS.

As they grow, they may make the mistake of trying to automate this aspect of their operation as much as possible and use some off-the-shelf solution in a bid to increase their profit margins.

A property management system offers many benefits and this is why anyone who is serious about their business of property management will utilize them. They will as a result have an advantage in the market over their competitors that don’t use them.

How can you compete with them?

If you don’t want to dedicate yourself to learning the ins and outs of a PMS and still want all the benefits, join forces with a property management company such as Happy Owner.

You will get all of the benefits without any of the work. Getting you more reservations throughout the year, which means more money and less hassle.

Want to see more benefits of working with a property management company? Read our article 10 Great Advantages of Working with a Property Management Company

Have you got a property in Tel Aviv that you’re considering renting out as a vacation rental?

Set up a call with Happy Owner today and see if we can help you with earning the most from your property.

Scott D. Renwick

Scott D. Renwick is the Head of Operations at Sea N’ Rent Ltd., working with them since 2015. His skills have helped the company structure its operations to ensure stability and future growth in the property management business.

What is a Channel Manager and Why do You Need One?

What is a Channel Manager and Why do You Need One?

What is a channel manager? If you’re new to the world of property management you may not know. Learn what they are why you might need one.

Managing one property is a whole different game to managing multiple properties. As your inventory grows so does the complexity of your operation. As the complexity increases you need solutions to give you back control on your vacation rental business.

Happy Owner manages many properties in Israel, Italy and Cyprus and without a reliable channel manager it just wouldn’t work.

So, What is a Channel Manager?

A channel manager is an online software that manages your pricing and availability for all your inventory. It syncs them simultaneously to multiple online travel agents.

You can read more about online travel agents in our article The Best Websites to List Your Property on if You want to Get Bookings.

We’ve tried many channel managers through the years and are very happy with the one we are working with today.

Our channel manager is better than most because it offers the homeowners their own login portal. This gives the homeowners we work with access to their reservations. It also allows them to block dates for themselves as well as seeing other interesting statistics.

Not all channel managers offer this service. It’s one of the aspects of our Israel property management service that gives us added value as vacation rental managers.

Channel manager software often goes hand in hand with another major piece of software in the vacation rental industry. This is known as a property management system or PMS for short. We’ll go more into that in another article.

What Are The Benefits of a Channel Manager?

A channel manager centralizes your data from all your reservations. This gives you structure and organization. Having everything centralized will put you in the driving seat of your property management operation.

This increases your efficiency, makes it easier to leverage optimization, and becomes your go-to resource for answering many guest questions in relation to their reservation.

However one of the most important aspects of a channel manager is that it helps prevent double bookings. This is when you get two different guests booking the same dates from different platforms. This can be a nightmare for property managers which is why a channel manager is an essential piece of software.

Having a good channel manager is one of those tools that separates the amateurs from the professionals.

While double bookings can be resolved, they can also be a headaches and lead to bad reviews. Bad reviews lead to fewer bookings. This means without good backend management of your rates and availability you are unlikely to make as much money with your property as you possibly could.

This is something to keep in mind when you are considering the benefits of working with a property management company.

There are many channel managers on the market, and essentially for 90% of what they do, you can be sure they all pretty much do the same thing. However, over the years, a new business model has emerged. Let me explain.


There are two primary channel manager business models:


1. Ones that charge per property per month for using them. Let’s say $10 USD per month per property.
2. Then there are ones that charge a commission for any reservation you get.

As well this, you may have a mix of the two and you may have onboarding fees so it is good to shop around. A lot of these companies will be happy to book a free demo with you, so you can always take advantage of that.

But here’s a little secret. What makes a channel manager good and I mean the best is not the software. It’s the person operating it. The same as what makes a car drive well – the driver.

The Big Sell

What channel managers will do, is they will make big claims, that they can connect you to all these different online travel agents. That appears to be a beautiful thing.

The thing is you realise very fast connecting to all these channels is way more work than you anticipated and even after you connect there can often be a lot troubleshooting to do to get the connection between the channel manager and the online travel agent set up right.

Before you know it you are not a property manager anymore, but instead, you are a technician and working on these connections on a full-time basis.

When things go wrong with the connections (which will happen) your level of expertise will be tested. Unless you have the time and resources to dedicate to implement and leverage the functionality of a channel manager, you are best staying away from them and keeping your operation as simple as possible.

Of course, that does mean that you will always lack the ability to scale up your operation. This may be a reason you decide to partner with a property management company because they take care of all those technical details for you.

Have you got a property in Tel Aviv that you’re considering renting out as a vacation rental?

Set up a call with Happy Owner today and see if we can help you with earning the most from your property.

Scott D. Renwick

Scott D. Renwick is the Head of Operations at Sea N’ Rent Ltd., working with them since 2015. His skills have helped the company structure its operations to ensure stability and future growth in the property management business.

The Best Websites to List Your Property on if You want to Get Bookings

The Best Websites to List Your Property on if You want to Get Bookings

We all want bookings. Otherwise, what’s the point? Let’s take a look at the best websites to list your property on to get more bookings today.

If you’re new to the world of vacation rental property management it’s likely you have your eyes set on one of the following websites and it’s most likely that will be either Airbnb, Booking.com, or VRBO/HomeAway (acquired by Expedia Group in December 2015).

The more you dive into the weird and wonderful world of vacation rentals the more you will realize that a lot of these platforms are owned by big corporations. This means the diversity in the platforms is not really as it seems.

Many of these different platforms are more or less an exercise in marketing. Different platforms appeal to different audiences, but essentially they all pretty much do the same thing, just disguised differently.

Airbnb does have a simplistic user experience that seems to work for a lot of newbies.

It certainly doesn’t mean it’s the best, but it has become a common household name globally, and listing your property there is perhaps the easiest out of all these platforms. This means it has mass appeal.

However diversification is key to your sustainability in the world of vacation rentals.

That old saying

We’ve all heard the expression – “don’t put all your eggs in one basket”. This is a particularly true statement for people involved in vacation rentals.

Focusing all your efforts on one website, or booking channel can essentially mean that you can lose a steady flow of reservations almost overnight because you are always at the mercy of the people that operate that website.

With policies, operations, and search algorithms changing regularly, your listing may fall out of favor with the website and your sales will plummet.

Listing on multiple websites increases the complexity of your operation.

There will be certain pitfalls you want to avoid and this may be a reason you end up teaming up with a property management company so that you can diversify where your bookings come from and enhance your foothold in the market.

List Your Property Like a Pro

The following websites are used regularly by Sea N’ Rent – property management in Israel and Oteego as part of their daily operations.

Quick Links

Websites to List Your Property

Booking.com

Booking.com is perhaps the most popular website in the world for short-term holiday lettings. This website has an average visitor count of over 57 million visitors per month. There is no doubt about it – your audience is on booking.com.

Personally, it’s not the most beautiful platform and seems strongly set up for hotels however vacation rentals do well there as well and booking.com have certainly adapted their approach and attitude to cater for vacation rental property managers.

Booking.com regularly submits speakers for vacation rental summits and invites property managers to webinars and online communities.


Expedia

Expedia attracts a lot of business guests due to the fact it creates package deals with flights. This is convenient for business travellers as Expedia acts as a one stop shop for their needs.

The major downfall of Expedia is that it takes away a lot of control and flexibility from the property manager and I would not recommend Expedia for a newbie to the vacation rental world. It really comes across as a platform aimed at professionals in the vacation rental and hotel industries.


Hotels.com

Hotels.com is owned by Expedia and is one of the lesser-known booking websites. The fact is if you are on Expedia you will be automatically on Hotels.com. There is no clear advantage of this platform other than the fact it’s another way for guests to get to you.

You may not even choose to be listed on hotels.com but the fact you are listing on Expedia means you will be listed there by default.

You’ll find the more you list with these online booking engines the more likely you will find yourself listed on channels you didn’t even know about.

There is really not much you can do about this. It’s how this world operates and honestly, it does no harm to be listed in multiple online locations.

Essentially it’s about one conglomerate increasing its market share in an attempt to monopolize the industry. A lovely story we can all be part of.


Plum Guide

Plum Guide is a dark horse in the world of vacation rentals. They are one of the smaller online booking engines but they are creating waves with their quality over quantity approach. Which is refreshing.

The good people at Plum Guide insist on scaling up quality assurance and ensuring their hosts reach a certain standard before listing with them.

It’s exciting to watch Plum Guide grow as they have carved out a niche within the vacation rental online booking market.

Instead of competing, they have created their own category. One could say they are the Brew Dog of the vacation rental world.

Brew Dog is a brewery and pub chain based in Ellon, Scotland with an annual turnover of more than 55 million GBP. Instead of competing with other mainstream breweries, they created their own unique category and as a result, they have excelled and taken the world by storm. Let’s hope Plum Guide do the same.

Airbnb

Everyone knows Airbnb from a guest’s point of view and from the point of view of the property manager. However, despite their friendly image, Airbnb can be tough and ruthless when it comes to how they handle their property managers and private hosts.

The platform clearly favors the guests over it’s hosts and is not shy about making that very clear to you. However they do their best to hide their attitude towards hosts behind corporate smiles and PC language.

With that said, Airbnb owns such a monstrous market share that if you are new to the business, they can almost become the oxygen that gets your vacation rental efforts off to a positive start.

Hosts can and do work very successfully with Airbnb. Their power in the industry cannot be ignored. They are heavy weight contenders that built their image based on appealling to home owners that want to make some extra cash on the side.

However, as Airbnb has grown exponentially, they have become increasingly corporate and have essentially lost their image as a friendly option for generating passive income.

They are now in the realms of the other giants of the online short-term letting world and serve hotels and every other type of vendor you can imagine.

Airbnb have lost what made them unique, but are perhaps too big to fail at this point.


TripAdvisor

TripAdvisor is a company that was hugely trending at one point, but recently they have fallen into oblivion.

Should you list there? Yes, you should, as you have no reason not to. They are still a well-known name and carry with them a degree of credibility as people do seem to trust their reviews.

If you ask me, TripAdvisor has suffered a major identity problem. If Airbnb aren’t careful they will suffer a similar fate.

A possible reason for the fall of TripAdvisor is the fact it is owned by Expedia and it appears obvious Expedia have one thing on their mind and that is to eat up the competition and increase market share. In this case at the expense of TripAdvisor’s identity.

I see a reemergence of TripAdvisor however and that’s why I think it’s important to be there.

TripAdvisor will become the alternative option and it will have it’s day again. It needs new leadership and a clear vision.

As of now, you could be on TripAdvisor to book a room or find a local vegan restaurant demonstrating a clear lack of focus.


Agoda

The vacation rental world is waking up to the ambition of Chinese people to travel more. Agoda give you access to this market.

The problem with Agoda is that you are positioning yourself in a market you most likely know nothing about. Pushing your properties with the same attitude that you use on other websites like booking.com and Airbnb.

This is naive and it’s likely your property will just sit somewhere in obscurity on the online world that is Agoda.

Agoda is a platform to be understood and not a platform to be passively used in the hope you get some bookings.

The issue is Agoda don’t have the resources to support you on your journey, so this is very much up to the host or property manager to uncover Agoda’s secrets.


MisterBandB

MisterBandB is a gay friendly online space for gay people looking for hosts that embrace and completely accept that they are gay guests.

Sure I’d like to live in a world where this attitude is just the norm but the fact is that there are enough gay people out there that feel more comfortable booking through a gay-friendly platform.

It would be a challenge to host a property that is not gay-friendly but the fact you as a host are on a gay-themed platform shows that you are actively reaching out to them and this is the appeal of it.

I’m delighted MisterBandB exists and is pursuing it’s mission to create a more inclusive world though the world of vacation rentals.

MisterBandB does particularly well with vacation rentals in Tel Aviv especially in the summer when Tel Aviv host their Gay Pride parade.


VRBO

VRBO or HomeAway, much like TripAdvisor this is another company experiencing an identity crisis. However they do focus on vacation rentals, they just don’t know if they are based in the UK or the USA or if they are called VRBO or HomeAway.

I don’t mean to be a critic, but whoever is in charge of their branding should be fired. Honestly how hard can it be to get that right?!? Just pick a side people.

If you have being paying attention to the article, it will be of no surprise to you that VRBO is owned by…. you guessed it Expedia.

Expedia like taking over companies and destroying their brand apparently.

VRBO is however an excellent example of how different online platforms suit different countries.

For instance, VRBO is great at getting guests for Italy and less great at getting guests for Israel. It’s good to know and encourages us all to diversify.


Marriott Homes & Villas

You may not have heard about Marriott Homes & Villas and that’s ok. This platform is not accessible to the public in terms of hosting your property. Unlike the other popular platforms, you must be selected to work with Marriott Homes & Villas.

Happy Owner through its parent company Sea N’ Rent is one company that has been selected.

Marriott Home & Villas is more like Plum Guide but on steroids. The level of detail you have to go through as a property manager to get approved by Marriott Homes & Villas is mind-blowing.

However this is why if you see a company that has properties approved by Marriott Homes & Villas you can take it as a massive positive indicator in you choosing to work with them.

See one of our Marriott Home & Villa’s property rental listings in Tel Aviv.

Trips.com

As with Agoda Trip.com (formally called cTrip) is an online booking platform based in China meaning it is the go to website if you want to attract more Chinese tourists.

This website is basically the Chinese equivalent of Booking.com. It’s not for newbies. To be listed here you’d really want to be working with a property management company.

In the near future, we will see more and more companies hosting their properties directly with Trips.com because the Chinese enthusiasm for international travel is forever increasing it makes sense to take the time to invest in understanding this platform.


Bonus Listing

If you get anything from this article, please take this gem with you. The single best place for you to list your property is your own website, whereby you develop your own brand.

Your website is what will differentiate you from your competition. It will enable people to book with you directly (meaning you earn more) and it will increase the likelihood of you getting repeat business.

Now if you wanted to be listed everywhere most likely you will need to work with a credible property management company.

You would want to do this because property management companies such as Happy Owner have the backend software to coordinate the operation so that there are no double bookings and pricing and availability are syncing and managed across all websites simultaneously.

This is a complex operation that requires vacation rental career professionals and industry-specific software. It’s a full-time job with many moving parts.

There are many advantages of working with a property management company, certainly being listed across the biggest listing websites in the world for vacation rentals is one of them.

If you want to read about other advantages of working with a property management company go to this article 10 Great Advantages of Working with a Property Management Company

Have you got a property in Tel Aviv that you’re considering renting out as a vacation rental?

Set up a call with Happy Owner today and see if we can help you with earning the most from your property.

Scott D. Renwick

Scott D. Renwick is the Head of Operations at Sea N’ Rent Ltd., working with them since 2015. His skills have helped the company structure its operations to ensure stability and future growth in the property management business.