Peter Bubel+ by | Jul 10, 2019 | Blog, Peter Bubel, Property, Property Management
It isn’t easy managing a property. It requires constant work to responsibly organize the many things happening. It takes time, dedication, and diligence.
Technology has made this much easier than it used to be. Software can streamline a lot of the work by taking tasks off a property manager’s plate. Things like collecting payments, scheduling, tracking analytics for your business, messaging with your guests, website management, and accounting can all be made much simpler by the use of property management softwares.
Keeping In Touch With Your Guests
You need an automated system to make it easy to send your guests essential messages.
Try Guesty for a messaging automation system. You can customize your automated messages so they will be consistent with your branding voice. You can set up messages to be sent out after specific triggers, like a cancellation.
Channel Managers
The first property management software to look at is a channel manager. A good channel manager will make it easy to manage not only every channel you currently use, but any that you plan to possibly use in the future. Changing later is expensive so it’s important to take a moment to consider what you might want to use later.
The manager should have plenty of analytics so you don’t need to install something else to keep track of how your business is performing.
It’s also important that it integrates with other software you use.
The last thing is still essential, which is that it should perform automation for you. A quality channel manager will send automated booking confirmations and perform other tasks that aren’t necessary for you to perform yourself but are still essential for your business.
For a dedicated channel manager, check out yieldPlanet, which has over 400 channels. You can also consider Cloudbeds, which has an excellent channel manager but is a more advanced system that also has a booking engine and payment processing.
A Booking Calendar
You need a calendar app that makes the whole process simple. It doesn’t need to be flashy; it needs to be smooth and beautifully designed in its simplicity. If you use services like Airbnb or Booking.com, then the calendar needs to integrate with those services.
BedBooking is an excellent option for a calendar app that will make this simple for you.
Peter Bubel+ by | Jan 19, 2019 | Blog
Commercial real estate sector has significantly been impacted by the current trends in digital transformation. Business models and traditional decision-making models have now been replaced with new and efficient innovations. Modern real estate management is incorporated with the sole purpose of lowering costs and enhancing the relationship between owners and the tenants. Some of the trends that will continue to change the sector have been listed below.
- Machine Learning
Big data is the new trend in the world today. Any industry will be relying on data to make critical decisions that will enable it to optimize on the available resources. Realtors will be utilizing machine learning to dig through the data and determine opportunities in the market trends and building performance that organizations can use. The real estate industry is expected to rely heavily on machine learning rather than a manual collection of data.
- Augmented Reality
A considerable number of property management issues are expected to be solved through augmented reality. Computer-generated images will be helping HVAC technicians to address some of the problems that cannot be physically located. Three-dimensional models and visual information will also be significant in adding interactions in commercial and residential properties.
- Localized Energy Sources
Use of localized renewable energy sources of energy is expected to increase in the coming years, which is expected to reduce carbon dioxide emissions. Builders and other individuals investing in the real estate sector will be forced to build houses that have bigger windows to allow natural light and reduce the need for lighting during the day. It is also expected that the real estate sector will be producing its renewable energy with the sole aim of making it a producer rather than a consumer.
- Blockchain Technology
Blockchain technology is expected to help the real estate sector by allowing for more fluid and secure transactions. Investors will get an opportunity to interact with one another without the need for real estate brokers and other intermediaries. This means that the speed at which transactions will be completed will be higher while both administration and transactions costs will be reduced.
The next few years will see an acceleration in the adoption of these technologies with the aim of making the real estate sector one of the best industries around the world. Competitive real estate companies will be looking to take advantage of these trends to enhance operations in their business.
Peter Bubel+ by | Jan 8, 2019 | Blog
Travel properties can be a strong investment, but it can also be hard to optimize the portfolio. Fortunately, there are a few promising techniques that most investors should consider using to take advantage of current and anticipated trends.
Invest in Short-Term Housing
When most people hear about travel properties, they think of hotels and timeshares. Those can be a good part of a portfolio, but the market is shifting to favor services that rent out apartments or other spaces for short periods. Some people are even using their second homes in this way when they are not living in those buildings. Most investors will want to consider including some of these services in their portfolios along with the more traditional options so they can capitalize on this trend.
Watch for Technology
Technology is king in almost every branch of the modern economy, and the hospitality industry is no exception. Every investor should try to stay up to date on the latest technologies that relate to their investments and take advantage of them when they can. For example, digital platforms are making it easier to manage multiple properties at once, and guests are relying more and more on the Internet to find places to stay. An owner that uses management programs can cut their costs while boosting their appeal to guests, while those who use digital marketing can attract more people at a lower cost. This is especially important when marketing a property towards young people because they are more at home on the Internet than previous generations.
Look at Services
While plenty of people are switching over to temporary apartments rather than traditional hotels, they are finding that there is a downside to that choice. Those accommodations often lack services, such as good cooking, that hotels can offer to their guests. Some people do miss those services even though they prefer temporary rentals for other reasons.
That means that businesses that offer a good blend of services to their guests have a chance to stand out from the crowd. Investors should make a point of looking at the special amenities that each of their potential purchases can offer to guests and weigh those amenities heavily when deciding on their investment plan. Little touches really can make a big difference!
Peter Bubel+ by | Sep 22, 2018 | Blog, Pennsylvania, Peter Bubel
There is a lot more to do in Pennsylvania than just what Philadelphia and Pittsburgh have to offer. As any Pennsylvanian knows, those two cities make up a small part of the great commonwealth. Below, you’ll find a list of the top five free (yes, FREE) things to do in Central PA. Each is available year-round and each will leave a lasting impression of what makes Pennsylvania so great.
#1 Admire the State Capitol
Harrisburg’s capitol building (http://www.pacapitol.com/) is a stunning representation of its history and dreams for the future. A grand staircase welcomes visitors into the building and the stately rotunda encourages all to look to the heavens. And yet, it is not merely an aesthetically pleasing visit. With guided tours of the House of Representatives and Senate available, the capitol provides educational opportunities to all who enter.
#2 Indulge in Hershey’s Chocolate World
A short distance from the capitol lies one of Pennsylvania’s most aromatic places to visit. Hershey’s Chocolate World (https://www.hersheys.com/chocolateworld/en_us.html) brings the process of turning cocoa into chocolate to life with the sights, smells, and sounds of a simulated factory setting.
#3 Experience the craft quality of the Yuengling Brewery
You don’t have to be 21 to tour America’s oldest brewery. With a history that spans nearly 200 years, Yuengling’s tours (https://www.yuengling.com/) are tailored to educate visitors of all ages about its unique and interesting story of survival through some of our nation’s most turbulent times.
#4 Remember the fallen at the Flight 93 Memorial
The 40 passengers and crew that gave their lives on 9/11 are remembered at the Flight 93 Memorial (https://www.nps.gov/flni/index.htm). Their bravery is symbolized in the recently dedicated Tower of Voices, a 93-feet tall wood chime. A place to reflect and remember, the memorial provides all visitors the opportunity to unite and show respect.
#5 Enjoy the view at the Pennsylvania Grand Canyon
The Pennsylvania Grand Canyon (http://pacanyon.com) is the perfect place for anyone loving the outdoors. Hiking, camping, covered wagon rides, and white water rafting are just a few activities the area has to offer. For those looking for a less adventurous visit, the amazing vistas are enough to entertain anyone. Stretching more than 45 miles and reaching 1,450 feet deep, the canyon is as grand as it is beautiful.
Peter Bubel+ by | Sep 15, 2018 | Blog
It isn’t hard to find ways to give back to the community. When looking for something to dedicate one’s time to, the opportunities are endless. Whether it’s volunteering for a local festival or donating one’s time at a local soup kitchen, there is always an organization that can use some extra hands.
Volunteering In Your City
To find a worthy organization of one’s voluntary efforts, one has to do a bit of searching. Looking for a way to get some volunteering done? Read on for five ways to volunteer within the community.
Search for Local Events
Looking out for local events in the city is an excellent way to find opportunities to volunteer. Events like concerts, festivals, farmers’ markets, and other family-friendly gatherings generally always accept volunteers. Keep track of new happenings by reading the newspaper, searching for a local event on Facebook, and asking friends and family if they know of anything happening.
Explore Different Ways to Volunteer
One doesn’t have to limit their volunteering to work at a special event. Think of all the many places in the city that would benefit from having an extra set of hands. Places like the animal shelter and elderly homes are always accepting anyone willing to donate their time.
Donate Clothes, Money, Food, and More
While one may want to volunteer their time, donating doesn’t always have to involve someone being physically present. Go through any old clothing, canned goods, books, or other potentially secondhand items that may be in the house. If these items are still in good condition and non-perishable, they are excellent candidates for donation.
Shop Local
While shopping at a store doesn’t sound like a way to volunteer, it can be. By shopping from local small businesses and vendors, buyers are using their resources to give support where it matters. Similarly, consider shopping at locally owned grocery stores and farmers’ markets to make sure every dollar goes to help businesses that really need it.
Join a Group or Class
Believe it or not, attending classes is a good way to meet like-minded volunteer-oriented people while learning a new activity and spending money to support a local organization. By signing up to join an organization or class, individuals looking to spend their time positively will get to explore a new hobby and do something they love.
Regardless of where one may be in life, there is always an opportunity available to volunteer or offer resources to those in need. Get inspired by these five ideas to find ways to donate more time and money to the community.
Peter Bubel+ by | Jul 20, 2018 | Blog, Peter Bubel, Property Management
Reports show that the property management software market is likely to reach approximately 2 billion after the projection period. North America is going to be the rapidly developing area for the market, with Europe and the Asia Pacific following respectively. The residential sector will provide prominent opportunities to the application. It will facilitate government initiatives and infrastructure development across the globe. The following contribute to the massive software growth.
The worldwide infrastructure developments are leading to demand real-time property information access. Rising cost of production has resulted in the increased construction of multi-dwelling units (MDU). Property owners and managers usage of the centralized system to collect and store investment details have also contributed to the software expansion. They can save time and access features easily.
The property software can be segmented into various components depending on the users, region, and application. The cloud-based app is going to dominate the platform due to the increase in penetration of numerous technologies worldwide. Virtual tools allow for easy database access, efficient properties management, and data content authenticity and consistency. These features have led to the high demand of the management application.
Homeowners invest in the property management software market for asset management operations like tenant management and maintenance. Residential properties need the application for properties administration, tenant replacement, and maintenance and repairs. The residential infrastructure developments like multi-family units and affordable housing contributed to the market share growth in 2018. The commercial sector is also projected to expand significantly between 2018 and 2026. Businesses focus on improving their operations and reducing expenses across systems also leads to the development of property management software market.
The steady adoption of the solutions across the area made North America have a significant market share for the software. The continuous increase of its use across company operations is going to supplement its expansion. Also, the rising demand for the management application in Europe, Middle East, Africa, and Asia Pacifier is expected to expand due to the increased MDU units and software adoption.
Market intelligence firms provide business information services and reports. The experienced team of researchers, analysts, and consultant use various techniques to obtain and analyze details. They continuously update and revise data for the property management software market to reflect latest information and trends.
