Why You Should Convert Your Long-Term Rentals to Short-Term Rentals | Hostaway Webinar

More flexibility. Higher returns. Lower risk of building maintenance costs. These are all benefits you can feel when you change your long-term rental into a short-term rental. But only if you do it right! Hostaway’s CEO and co-founder, Marcus Rader is here to walk you through everything you need to know — and the pitfalls you should avoid — when it comes to operating a short-term rental property. If you're short on time or looking for a specific question, use the timestamps below to skip ahead 👇 00:00 | Introduction to Hostaway Vacation Rental Software 04:06 | Benefits of Turning a Long-Term Rental into a Short-Term Rental 08:08 | What to Know When You're Just Starting out in Short-term Rentals 11:43 | The Best Short Term Rental Technology 12:57 | Short-Term Rental Regulations, Money and Taxes 15:04 | Cleaning and Maintenance Best Practices 17:30 | Shifting Your Mindset from Commodity to Service 21:27 | Differences in Marketing Between Long- and Short-term Rentals 24:53 | How to Set the Best Rates and Pricing for Your Short-term Rental 27:57 | Q&A - Does Airbnb penalize me for mid- and long-term rentals? 31:18 | Q&A - Do short-term rentals generate higher revenue than long-term? 33:43 | Q&A - How can you handle short-term rentals in areas that don't allow them? 34:43 | Q&A - What are some preventative maintenance strategies? 36:36 | Q&A - What's the average cost of having a property manager? 37:42 | Marcus's WORST guest experience! 39:23 | Q&A - Does Hostaway offer 24/7 concierge services? 39:45 | Q&A - Can properties be suspended after too many guest complaints? 40:45 | Q&A - How do I determine which jurisdictions allow short-term rentals? 41:41 | Q&A - I'm in Dubai, should I host short-term or long-term rentals? 43:30 | Q&A - OTAs and do they penalize certain listings? 44:32 | Q&A - How should I choose cleaning and repair services when I don't live in the area? 46:48 | Q&A - How do I decide how much to charge for cleaning fees? 48:34 | Q&A - How can we turn an unexpected bad guest experience into a positive review? 52:17 | Q&A - How important are interior designers for short-term rental properties? 54:42 | Webinar Wrap-Up 🔥 Still have burning questions about converting your long-term rental to a short-term rental? Shoot us a message: 🆘 [email protected] 🙋[email protected] ✍️ Free Resources https://www.hostaway.com/blog/turning... https://www.hostaway.com/blog/host-tips https://www.hostaway.com/blog/how-to-... To get notifications about upcoming Hostaway webinars subscribe here: http://tinyurl.com/hostaway-subscribe *************************************** 🔗 Find out how Hostaway's Vacation Rental Software boosts your business: https://www.hostaway.com/get-free-demo 🤝 Connect with us on social media 👇 IG -   / hostawaycom   FB -   / hostawaycom   LI -   / hostaway   X -   / hostaway   🧡 About Hostaway 🧡 Hostaway is an All-in-One vacation rental software solution for growing property managers. We provide tools to automate and simplify marketing, sales, communication, operations, reporting and accounting. Our software is different from every other PMS and Channel Manager, because it is flexible and grows with your business. It’s customizable and we provide an amazing team that helps you set it up and cheer you along your path to success. Hostaway is also the largest marketplace for vacation rental software and tools. Our Marketplace features over 100 solutions and our team can recommend you solutions to every imaginable problem. Hostaway is privately owned and funded by a comprehensive network of VC’s and entrepreneurs.