Are you considering tapping into the booming market for vacation rentals?
If so, this might be the best time ever for it! Why?
Because last year the vacation rental market was valued at USD 175 billion globally. So, becoming a VRBO host and property manager can help you become part of this thriving industry!
Before you get started think of these 4 key aspects to help you succeed and avoid unpleasant surprises.
VRBO host expectations
Listing your property on VRBO is an easy process, but if you want to become a successful host, there are other things you need to think about beyond just uploading your property. If you want to become a successful host, there are certain expectations that both VRBO and your guests have. Here’s what you need to know to set yourself up for success and provide a positive experience:
1. Quality Listings
Your listing is like the first impression on potential guests. VRBO expects it to be accurate and engaging. Make sure to use well-lit pictures that represent the space accurately to showcase your space.
Use the description to highlight the key features and amenities you offer. Let visitors know what’s included in the booking and what isn’t, avoid confusing information that could result in negative reviews.
2. Comply with applicable Laws
VRBO expects all hosts to operate legally and follow local rules.
Request the necessary permits to rent your space from your local authorities. Follow safety rules, have smoke detectors, alarms that function properly, fire extinguishers, and mark the exits clearly.
3. Timely Communication
Prompt communication is an essential expectation of VRBO. Give visitors clear instructions for the check-in and check-out and answer their questions. Information such as house rules, emergency contacts, Wi-Fi, and keys should be easy to access. Make yourself available to solve any issues during their stay and address their concerns to improve satisfaction with their stay.
4. Cleanliness & Property Maintenance
Guests expect a clean vacation rental and VRBO requires hosts to ensure their properties meet this standard.
The property should be cleaned properly between guest stays. Make sure that every amenity mentioned in the property description is working. This includes kitchen appliances, hot and cold water, air conditioning, and heaters. Replace anything that is broken.
5. Guest Experience & Comfort
Host should prioritize guest satisfaction. Supply high-quality bedding and seating to ensure they feel comfortable. Small personal touches, like a welcome basket, can lead to positive reviews. Also, respect their privacy so they feel at ease during their stay.
6. Consistency & Reliability
VRBO also expects reliable, consistent management from property managers:
- Be available but be sure to communicate your response time to establish clear boundaries.
- Keep your calendar up to date so guests know for certain when your property is available. Frustration from double bookings affects your reputation negatively.
- Ensure your listing matches what guests experience when they arrive, no hidden costs or unexpected surprises.
VRBO host fees
Understanding how fees and commissions work is essential for any VRBO host. Whether you are starting or have been in the business for a while, comparing the costs of several booking platforms is important before selecting one to achieve your income target.
Review fees based on your property’s location. For example, VRBO doesn’t charge processing fees for properties in places like Australia and New Zealand. This can provide significant savings for hosts operating in these markets.
What is a host fee on VRBO?
The host fee on VRBO is a commission-based charge that you pay to the platform only when you receive a booking for your property.
You do not need to worry about upfront costs just for having your property listed on VRBO’s website, you will only pay these fees when you receive a reservation. This makes VRBO an attractive platform for property managers and hosts who prefer a cost-efficient model where expenses are directly tied to revenue generation, rather than having to pay for visibility.
VRBO host fees vs Airbnb
When comparing VRBO to Airbnb, the fee structure is simpler and more straightforward. While Airbnb applies a dual fee system, VRBO operates with a single, transparent host fee. VRBO applies a 5% commission fee on confirmed reservations.
On the other hand, Airbnb charges a host service fee that typically goes from 3% to 5% in addition to a guest service fee that can vary between 6% and 12%. This can result in higher overall expenses for both parties.
However, the integration of VRBO with Property Management Software like Hostify offers property managers a unique advantage. When you link your VRBO listings to Hostify, the 3% payment processing fee is waived, making it even more cost-effective. This means you only pay the 5% commission fee, without any additional charges for processing payments.
What does this mean for you? Lower costs across dozens of bookings every month. If you’re managing multiple units or a large portfolio, this can add up quickly. You’ll keep expenses consistent and forecasting revenue will be incredibly easy.
VRBO host cancellation policy
The policy explains the conditions for guests to cancel their reservations, and if they are entitled to receive a full or partial refund.
Remember, this policy impacts both your availability and the stability of your income. VRBO offers all these types of cancellation policies to help you choose the best fit for your property:
- Custom
- Relaxed 14-day
- Moderate 30-day
- Firm 60-day
- Strict 60-day
- No refund
Maximize your bookings with Hostify and VRBO
This clarity and simplicity in fee structure, coupled with the cost-saving potential through integrations with property management software, make VRBO an attractive platform for hosts looking to maximize their earnings while keeping costs in check.
At Hostify and Vrbo, we are dedicated to provide amazing experiences for both guests and property managers.
Let us help you scale confidently while still providing five-star experiences for your guests with the best channels to manage your properties.
Do you want to simplify operations and increase your profits? Discover how Hostify will make your Vrbo experience worry-free.
Whether you’re managing a couple of listings or an entire portfolio, we are here to save you valuable time and reduce stress, so you become a successful property manager!
