by Rentcubo | Mar 30, 2023 | Infographic, Property Management, rental business plan, Self Storage Management Software, Storage business
A Self-storage business is an industry that rents a space to store something like boxes, decors, seasonal items, furniture, books, electronics, raw food items, and many more on a short-term basis. Generally, on a month-to-month basis.
When doing this business on a large scale, it is important for the business to re-imagine its business activities with the recent technology to grow more and reach extensive audiences. In that regard, there are many ways the self-storage business can integrate technology into their business. But the most important and unique 5 technologies are explained here.
Automated Marketing: Marketing Automation is essential when the business wants to grow out of its location and offer its service to global people. Through automated marketing, you can reach people out of your boundary with frequent e-mails, newsletters, offers, and targeted ads. It may cost you a little, but you will get assured and improved results
Self-storage management website: A website to help your customers with easy booking, and online payments. It will also help yourself in automating the invoice and billing process
GPS tracking: GPS tracking is indispensable technology to uplift your self-storage business as it gives the live tracking and status of space and the goods stored in it to the renters. So that they can be assured that their products are safe without visiting them directly
Climatic control: Integrating climate control in the renting space will keep the renters informed about the temperature and other conditions of their goods. So, they can maintain adequate temperatures to keep their goods safe and prevent them from spoiling
Strict Access control: A well-built security mechanism that strictly allows only the person with authenticity to access and make changes in the space.
These are the 5 technology that can help your self-storage business to grow out of bound and get high returns. Try to integrate it with your business and stay ahead of the learning curve.
by Rentcubo | Mar 27, 2023 | Airbnb Clone, Infographic, Property Management, Rental, Rental Management Software, Technology
Rental management software automates the operation of the rental business efficiently with the features and functions it was built with. It streamlines business operations faster, more effectively, and more accurately than traditional property management.
Hence, we can say that rental management software is better all the way than the traditional approach. To explain in detail the benefits of rental management software are explained below.
Real-time Tenant Screening
Rental software can help businesses with a real-time screening of tenants about their whereabouts, whether they are trustable or not, and their credibility to lease the house or any property with an online screening of documents
Fast Payment processing
Payments can be processed easily online with different payment methods. Thus, payments are made at a time without any backlogs. It eliminates the time incurred in the traditional approach.
Availability Checking
The rental software gives real-time updates on the availability of rooms or vacation houses of the big portfolio property management to prevent over or under booking.
Maintenance tracking
A big portfolio of property can be maintained easily with the maintenance tracking of the rental software regarding contracts tenure, maintenance requests, contract termination, and many more
Effective administration
Rental software can help in automated and tension-free bookkeeping to keep track of digital receipts and finance. Thus, increasing the efficiency of property data management.
Business insights
Rental software comes with an analytics section to show the performance of each rental house and can give the best insights into the underutilized sections, and how they can be improved.
by Rentcubo | Jan 24, 2023 | Airbnb Clone, Blog, Property Management, Rental, Rental Management Software, Technology, Vacation rental industry
The vacation rental industry has been on the rise in recent years, with more and more people looking for alternative accommodation options while traveling. One of the most popular platforms in this industry is Airbnb, which has set the standard for vacation rental websites.
However, if you’re a business owner looking to enter the vacation rental market, creating your own platform from scratch can be a daunting task.
That’s where a vacation rental script like an Airbnb clone comes in. In this blog post, we’ll explore the advantages of using a vacation rental script to start your own vacation rental business.
What is a vacation rental script?
A vacation rental script is a pre-built software solution that can be used to create a vacation rental website similar to Airbnb. These scripts come with all the features and functionality of a standard vacation rental website, such as property listings, booking and payment management, and user reviews.
They can be customized to suit the specific needs of your business and are an affordable alternative to building a website from scratch.
Advantages of using a vacation rental script
Cost-effective
Using a vacation rental script is a cost-effective solution for starting your own vacation rental business. Developing a website from scratch can be a time-consuming and costly process, but with a pre-built script, you can have your website up and running in a matter of days.
Time-saving
Developing a website from scratch can take several months, but with a vacation rental script, you can have your website up and running in a matter of days. It allows you to focus on other aspects of your business, such as marketing and property management.
Customizable
Vacation rental scripts are highly customizable, which means that you can tailor the platform to suit the specific needs of your business. It includes adding new features and functionality, changing the design, and integrating with other systems, such as payment gateways and property management software.
User-friendly
Vacation rental scripts are designed with user experience in mind, which means that they are easy to navigate and use. It is important for both guests and property owners, as it makes the booking process smooth and seamless.
Scalable
As your business grows, so will the number of properties listed on your website. A vacation rental script is highly scalable, which means that it can handle a large number of listings without any problems.
Support
Finally, using a vacation rental script comes with the added benefit of support from the script developer. It means that you will have access to technical assistance should you encounter any issues with your website.
Below we shall see one such vacational rental script.
RentRoom by RentCubo
RentRoom by RentCubo is one of the top Airbnb clone script providers. It is best in the marketplace because of its explicit range of features.
Features:
Trips in the Past & Upcoming Trips
The vacation rental software keeps track of all previous or planned excursions using the Airbnb clone platform.
Navigation in Real Time
The Airbnb clone script is connected with Google Maps to ensure that travelers can get to the property promptly, safely, and with precise coordinates.
PayPal payment gateway
Paypal is one of the safest payment methods. RentRoom now accepts payments via PayPal as an additional function.
Watermarks
Don’t let anyone steal your property! With RentRoom, you can now avail the best feature of adding a watermark to your property and saving them from scammers.
Choose RentRoom with the features to die for and the experts to bet on! You can avail the script from the best in the market and get started soon.
Conclusion
Starting a vacation rental business can be a daunting task, but with a vacation rental script like an Airbnb clone, you can have a professional-looking website up and running in a matter of days.
These scripts are cost-effective, time-saving, customizable, user-friendly, and scalable, and come with support from the script developer. So, if you’re looking to enter the vacation rental market, consider using a vacation rental script to kickstart your business.
by Rentcubo | Jan 24, 2023 | Blog, Equipment Rental Software, Property Management, Rental, Rental business ideas, rental business plan, Rental Management Software, Self Storage Management Software, Storage business, Technology
Equipment rental companies are often known as rental yards or rental centers. It lends out equipment and supplies to consumers in several industries, such as construction, landscaping, and event organizing.
These companies typically maintain a large inventory of equipment, ranging from small hand tools to heavy machinery, and a wide range of products are available for rental on a daily, weekly, or monthly basis.
One of the main advantages of renting equipment is that it allows customers to have access to a wide variety of tools and machinery without the need for a large capital investment.
It is particularly beneficial for small businesses and contractors who may not have the financial resources to purchase the equipment outright.
Additionally, renting equipment can also be a cost-effective solution for customers who only need a specific tool or piece of machinery for a short period.
Some industries that commonly use equipment rental services include construction, events, industrial, oil and gas, etc. While there are small, independent rental companies, large, global companies also exist.
Overall, equipment rental companies play a vital role in supporting a range of industries by providing access to the tools and equipment necessary to complete various projects and tasks.
Different types of equipment rental companies
Equipment rental companies come in all shapes and sizes, each catering to the specific needs of their customers. From small local operators to large national chains, these companies offer a wide range of equipment for rent, including tools, machinery, and heavy equipment.
Equipment rental company specializing in construction and industrial equipment.
These companies typically offer a wide selection of heavy machineries, such as bulldozers, backhoes, and cranes, as well as smaller tools like jackhammers, concrete saws, and generators. They are often used by construction companies, builders, and contractors for large-scale projects.
Equipment rental companies focus on party and event rentals.
These companies provide equipment for weddings, parties, and other special events as tents, tables, chairs, and lighting.
These types of rentals often serve customers, organizing a one-time event and not looking to purchase the equipment for their own. Rental companies specialized in providing high-end, specialty equipment.
Equipment rental companies that focus on outdoor recreational activities
It includes camping, fishing, and boating. These companies offer a wide range of equipment, such as camping gear, fishing rods, canoes and kayaks, and even RVs and boats.
Each of these different types of equipment rental companies offers a unique set of services and equipment to meet the needs of their customers, whether they are building a skyscraper or planning a backyard BBQ.
Marketing tips for equipment rental companies
Research the market.
Any business plan should be based on reliable facts. Concrete data will provide your company with a robust online base.
Market research is a necessary stage. To build a niche in the online world, whether you’re a startup or an established company, you must first examine the market and your rivals. Here are some suggestions.
- Determine your target market.
Find out how to approach the potential clients to whom you want to market.
- Investigate your competitors
Know your top competitors and what they’re doing properly and wrong.
You’ll have a better understanding of the equipment rental market and how you can fill it now that you know your customer and your competition.
Utilize social media
Use platforms like Facebook, Twitter, and Instagram to promote your equipment and services, as well as share industry news and tips.
Create a referral program
Reward existing customers for referring new business to your company.
Budgeting and accounting
Accounting is an essential component of any organization, whether it is huge or small. You will never be able to stay afloat without a robust financial structure.
Although it may appear time-consuming at first, it is critical to iron out the details of your financial operations, such as invoicing, bookkeeping, cash flow tracking, and payment tracking.
Make sure you have a separate bank account for your business and your personal finances. Consider other financial systems, such as waivers, rental agreements, and penalties, while you’re at it.
Create a company blog
Building a website is a vital thing you can do to help your business take off. Your website serves as your online storefront. Having this internet presence provides numerous benefits to your brand, including the following.
Accessibility
Renters will always have access to critical information with a website, such as the type of equipment they have available, pricing, store location, operating hours, and more.
Content
Posting high-quality material that provides value to your audience builds rapport, credibility, and consumer relationships.
Utilize email marketing
Create an email marketing campaign to notify customers of new equipment arrivals, and upcoming promotions, or simply reach out to them and ask for a business.
Provide excellent customer service
Respond promptly to customer inquiries and concerns, and go above and beyond to ensure their satisfaction with your equipment and services.
Use SEO
Optimize your website to improve its visibility on search engines like Google, so that potential customers can easily find your business when searching for equipment rental companies.
Use Google Ads or other paid search options
Use paid search advertising to reach people searching for equipment rental companies in your area.
Wrap!
In conclusion, equipment rental companies can benefit greatly from effective marketing strategies.
These may include targeting specific industries or niches, emphasizing the convenience and cost-effectiveness of renting equipment, and utilizing digital marketing tools such as social media and search engine optimization.
It is important to stay up-to-date with industry trends and developments to stay ahead of the competition.
Overall, a comprehensive and well-executed marketing plan can help equipment rental companies increase visibility, attract new customers, and grow their business.
by Rentcubo | May 19, 2022 | Property Management
Property managers have used paper, graphs, and email for years to maintain financial accounts, write down audit/inspection reports, and tenant demands and assignments. It doesn’t matter what business you’re in these days; the technology you utilize will affect efficiency and profit. As new technologies and techniques have been put into the market, real estate transactions have improved in terms of organization and ease of implementation.
Property managers and businesses are now employing Property Management Software to keep track of their properties, buildings, and daily operations. If you are unfamiliar with how property management software might help your business, it can be complex and demanding. According to business-insider, the worldwide property management software industry is expected to grow at a CAGR of 7% to more than 3.33 million dollars by 2022. Isn’t it massive?
Running and maintaining a real estate property, on the other hand, can be difficult for any business or residential property manager. Dedicated property management software (PMS) can help you streamline your rental operations whether you rent one or numerous properties. Even skeptics are reconsidering their decision to go digital, thanks to a greater focus on analytics and lower administrative costs.
The primary purpose of a property rental script is to make all aspects of a property rental business easy to manage. In this blog by RentCubo, a prominent property rental software development company, we let you in on how exactly your property rental script makes your business easy.
Maintenance and Schedule Tracking:
Building maintenance, as previously said, is the single most important aspect of customer happiness. The better you take care of your buildings, the greater your tenant retention rate will be—this will save you time and money in attracting and keeping new tenants, giving you more freedom as a property manager. Maintenance management and scheduling software ensure that routine maintenance chores are not overlooked.
All existing and upcoming maintenance work orders should be visible, and they should be scheduled properly. Many renters will just take a photograph of their problem and send it to you, thanks to the rise of mobile technology and the capacity to effortlessly transmit and receive photos.
Screening Tenant Applications:
While having the ideal renter will make your management experience much more enjoyable, you should always be prepared for the unexpected. With practical tenant screening tools, you can ensure that you maintain high-quality renters. Many PMS systems assist you to screen out less-qualified prospects with capabilities like reference verification, background checks, and renter histories, which show you whether the candidate can be trusted to pay their rent on time. Background screening tools are built-in or available through third-party interfaces, and they can raise red lights if any data relevant to a potential landlord is found.
You’ll spend less time tracking down late payments if you make it easy for your tenants to pay their rent on time. Because your tenants may pay their rent from the comfort of their own homes, online payment processing is the easiest approach to streamline how they pay. Many PMS software packages also contain rent tracking features, allowing you to see who has paid their rent and who has not. Automatic late-fee calculators are also included in some solutions.
Landlords can benefit from online tenant portals. These portals provide your clients 24/7 access to information including correspondence histories, rental receipts, and maintenance requests, in addition to paying rent. Not only would a comprehensive tenant portal assist you in receiving rent on time, but it will also reduce administrative workload and improve customer satisfaction.
Any landlord will tell you that successfully managing a property requires a large number of individuals, and that big contact lists can rapidly become cluttered and untidy. Comprehensive contact management features allow you to better organize your contacts and spend less time looking for emails and phone numbers.
For a more efficient contact management workflow, you can combine tenants, maintenance personnel, landlords, vendors, and other business partners together. Tenant databases assist you in contacting clients, while vendor databases make it simple to obtain the services you require. Lead management functionality is also prevalent in PMS packages, which ensures that your properties are always completely occupied.
Marketing and Advertising:
It’s difficult to keep your buildings occupied if no one is aware of the openings, and a robust advertising and marketing module will assist you in spreading the word. Website management features allow you to show your rental information in a straightforward and understandable manner, while social media integration allows you to reach a larger audience. A well-designed website can also be used to post all existing and future job openings. You’ll be able to market appealing properties such as holiday rentals or student housing, complete with online booking features for optimal ease, depending on the nature of your business.
Conclusion:
A rigorous study of your existing PMS system, if you have one, is the best method to get the most out of a Property rental script. You’ll be in a lot better position to make an informed and profitable purchase once you’ve identified the exact characteristics and benefits that you require from a product.
A PMS can be used in a variety of ways, as previously noted. Look for technologies that are compatible with your current IT infrastructure and can be smoothly incorporated into your company’s workflow. Look for goods that provide documentation to help you learn the software and a competent customer support team to aid you with difficulties.
by Rentcubo | May 7, 2021 | Property Management
Nowadays, everyone does not buy property, some opt for rental properties. Simply take a building or any space on rent and pay the rent and it works smoothly. The rental value should be fair as it is a consideration paid under the lease for the right to occupy or return that is given to lesser. Rates are determined based on the locality where you are going to lease the property and compare with various properties and calculate the price per square feet and adjust rental prices for amenities. This helps to determine the proper cost of the properties for sale. Seasonality plays a major role in the prices of rent changing.
Peak Seasons
The rental prices have a huge impact on seasons. This is because during these seasons the trend of people who search for apartments and properties increases. The search for properties starts going up from December and it steadily grows until July. However, people start moving in from March till August. This is not fixed as everything would probably change concerning the conditions of an economy.
Lead Quality
We have to measure lead quality on a monthly basis and sometimes property prices would probably see a decline in lead quality in certain months. All we can say is seasonality impacts a lot on the rental market as it directly impacts the decision-making of managers and professionals. The main point in these factors is sometimes it peaks up and then declines according to the economy. It always follows different trends. When we talk about renters they start the search at the beginning of the year and then probably select the perfect one. No doubt they took time to launch their move but ultimately they want to profit out of it.
Renting Process
Now let’s talk about the whole process, firstly renters start to search for property either by property management software or by other sources and then they start contacting various property owners, after which they finally make a decision. For example, if someone starts their search in July, they would make the move in the next 30 days. This season is a peak season. If taken conversely, if someone starts planning in January and then takes around 90 days approximately to move, which means they took a long time to make a decision. So in nutshell, we can say that for some renters the best time is December or January and it can be because sometimes the property owners’ charges minimum prices in these months. When we talk about seasonality, prices tend to be on a rise in the summer season and this means more options are available for them to choose from. Renters looking for summer should start looking early to capitalize on prime openings and allow flexible move time to snag prime apartments.
Demand and supply
When we talk about prices, the simple rules that follow are demand and supply measures. As you may already know, rent prices increase mostly during summers, therefore demand increases mainly in summers and then starts declining in winters and then demand tempers.
Climate impact on rental prices
Sometime variability of climate should also be taken into consideration as this tells more about the trend. Not everyone is comfortable moving in during the winter season as they find moving in snow or rain quite difficult. It’s easier to move in the summers and this jump sometimes occurs in March, which is springtime so at that time prices remain lower. Due to the demand, the prices would hike in the autumn season and then gradually we see a decline by winter.
Pattern followed by searchers
If we talk about the searchers they have complete knowledge about the seasonality factors. Some people begin their search in December and January. In the winter season they are idle and then their search gradually increases in July which is the peak season and then declines again in winter. Once their research for rented property is complete, the whole application process follows in August. Some people start searching only a month before, then they would start in their process in August or so in July.
When a property has an idle unit, they have to follow market factors before settling the rental prices whether we talk in general or in nutshell. The price of the property in winter is low and it goes higher in summer and moderates in-between months. And the biggest factor that affects rental prices is supply and demand as when in any area the demand is more the prices would ultimately hike up in that area. Revamps and renovations also hike up the price of a property.
Seasonality impact on rental prices
Seasonality factors in the rental market impact a lot, actually they impact every part of the rental market and they also affect the decisions of renters and managers. The seasonality factors play a vital role for both managers and renters as ultimately, they have to give an advantage to both. When they search smartly by taking the proper time they would probably outshine. For renters, if they move in the offseason it will give them good deals and if they move in peak season they get the best options. So they can work according to what they need – good options or good deals. Lastly, it all depends upon the searching capability and knowledge.
