When you are looking at the getting most return out of your investment in vacation rental software, the first thing you should be looking at is how much time the software is going to save you and your staff, and how much more money it’s going to help you earn. This is the most important area to look at, because it nearly always affects your bottom line much more than the actual cost of the software.
So, in this post, let’s examine some of the top ways LiveRez’s cloud-based vacation rental software platform helps managers save time and make more money.
1. Auto Reponses to Inquiry Emails
Inquiries are great, but they take time and effort to reply to. And, the longer it takes you to respond to an inquiry, the less likely the traveler is to book with you. With LiveRez’s auto responder technology, the system automatically reads the inquiry email, and responds right away with availability, a quote and links to book online. Not only that, but it also automatically creates a lead within your system.
You save time and money because your staff doesn’t have to manually respond. And, you make more money because the inquiry is responded to quickly, around the clock. Plus, you free up your staff to focus on other revenue-generating activities.
2. Emailing Instant Quotes
When a traveler calls in inquiring about a property, they want two things: 1. to get more information about the property, and 2. to book the property. Simplifying this process makes it better for your guest and easier on your staff. That’s why LiveRez allows you to email instant quotes to travelers as you are on the phone with them.
Here’s how it works: A traveler calls you on the phone. They tell you what they are looking for. You do a search within LiveRez. As you go over the search results with the travelers, you just click a check box next to the properties they are interested in. To send them quotes for the properties and the dates, you just click on the email quote button, enter in the traveler’s contact info, select a template and hit send. The email they get will give them pricing information with a link to the property page on your website, where they can check out the property listing and are only one click away from booking the property for the exact dates they requested.
This process saves you money because it will shorten your sales calls. Many guests might actually opt to book online, where they will be entering their own information, not the reservationist. Because the experience will be better for the traveler, they’ll be more likely to book, making you more money. And, even if they don’t book, the system automatically creates a lead in the system, so you’ll have their contact information for marketing purposes.
3. Automatic Reservation-Related Emails
Once you get a booking, you start the process of communicating with the guest about their reservation. For managers that are thorough, this can involve multiple emails. In fact, many managers will manually have their staff create and deliver anywhere from 5 to 10 emails per reservation. Imagine if your software could do all of that automatically, without you lifting a finger or having to remember to do anything at all.
The LiveRez CRM allows you to create a template for any email situation, tailor it to the recipient based on data from the transaction, and then send those emails at precisely the time you want them to go out based on system events.
LiveRez partners use this technology to automate tons of different emails, on all sorts of topics, like:
- Custom reservation confirmations
- Custom balance due reminders
- Custom rental contract emails
- Custom rental contract reminders
- Custom pre-arrival emails
- Custom location area information
- Custom check-in emails
- Custom check-out rules emails
- Custom post-stay feedback emails
- And more!
When this functionality was first released, one partner estimated that just this one feature would save him nearly $50,000 a year.
4. Work Orders Auto Assigned
For many managers, there are certain types of works orders that need to be created for every reservation. Additionally, many of these managers have employees or vendor pre-assigned to complete these tasks per property. So, we said why not automate the process. With LiveRez, you can choose which work orders you would like to auto create and auto assign upon a new reservation. You can choose who they are assigned to. And, some even let you set the charge for the work and who the work is charged to.
Once a work order is auto created, it can be accessed directly from the transaction for the reservation or from the work order system itself. And the assigned employee or vendor will get an email reminding them of the task. They can even click on a link in the email to go directly to the work order form.
5. Online Booking 24/7
Once of the easiest ways to save time and make more money is to optimize your website for online bookings. Booking that come in online require no work on the part of your staff. And, statistics show that more and more guest prefer to book online. And think about this: Imagine how many after-hour bookings you could be losing to competitors that offer online bookings.
Anymore, there’s no excuse not to take online bookings. If vetting the guest is an issue, you can always use LiveRez’s pending booking process, which allows you to temporarily hold a guest’s online booking until you approve it.
6. Online Owner Portals
Every manager knows that vacation home owners want information about their properties. And, these owners are not shy about calling you up to get it. With online owner portals, you can give your owners a self-service option for getting information about their properties and making their own bookings. LiveRez lets you create a special online portal for each one of your owners, where they can view reports on their properties, make owner bookings, and view all of their owner statements. Imagine how many calls that would cut down on? Imagine how much happier your owners would be? And, imagine how much of a selling point that would be to an owner coming from a management company that doesn’t offer this?
The best part is that online owner portals are free and unlimited with LiveRez; there’s no additional charge like there is with many other software companies.
7. QuickBooks Integration
For many vacation rental managers, accounting can be a real pain. Why? Because most vacation rental software systems do not have adequate accounting platforms. Many are hard to use. Most bookkeepers aren’t familiar with them since they are used by a small population of users. Many only handle trust accounting and not operations accounting. For these and other reasons, many managers choose to use QuickBooks for their vacation rental accounting. But, the problem they have is getting the accounting data from their software and putting it into QuickBooks.
That’s why LiveRez created its QuickBooks Connector, which can seamlessly transfer a manager’s accounting data from LiveRez to the right spots within the manager’s copy of QuickBooks. This saves managers tons of time each month and helps prevent the errors that managers might see if they were moving all their data over manually.
These are just a few of the many ways that LiveRez can help you save time and make more money. If you want to dive into the specifics of the system, just give us a call and we can schedule a guided product tour, where we’ll show you the ins and outs of the system via an online video conference. Again, just call us at (800) 343-2891 or email Sales@LiveRez.com. We’re happy to assist you.
Learn More About LiveRez
LiveRez is the fastest growing vacation rental software provider for professional vacation rental managers. The company’s cloud-based, end-to-end platform offers fully integrated solutions for reservation management, trust accounting and online marketing, with high-ranking, high-conversion dynamic websites and an extensive affiliate marketing program. The company is a proud Gold Sponsor of the Vacation Rental Manager’s Association (VRMA).
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