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HelpBookMe Implements Version 3.0 or S2D2 Pricing System

By William May
Published: 06/03/20 Topics: Software, Sunspots Vacation Rentals, Vacation Rentals, Vortex Managers Comments:

Although the Vortex Organization first inserted yield management tools into their HelpBookMe lodging management system years ago, today they announced release of version 3.0 of tools referred to as S2D2 for "Seasonal, Strategic, Dynamic and Distributed".

Salman Arshad, chief engineer notes, "Artificial Intelligence pricing is based on the simple idea of Supply and Demand. But predicting supply and demand is a complicated undertaking because variables change frequently and quickly."

Yield Management, sometimes called "Dynamic Rates", increase or decrease based on the general economy, local and regional economic factors, the features and amenities of each property, local events and circumstances, prior day, week, month and quarter pricing, competitor rates and, even, the weather.

S2D2 rates are based on artificial intelligence that queries over 8 billion dollar points every evening, chooses the factors affecting every individual property, and then applies them to our geographic markets right down to the individual vacation rental home or lodging unit.

"Of course our pricing is based on sophisticated and ever changing algorithms, but we still apply manual review, oversight and, sometimes, intervention," said Kate Quinn, account manager at Vortex. "That is why our product name acknowledges all of those important factors."

"Studied" means constant inspection of what competitors are charging for similar and dis-similar properties. "Strategic" rates are set differently depending on time of the year, the season, and in accordance with local events.

"Dynamic" means that rates are adjusted regularly based on occupancy, advance notice and other factors. "Distributed" requires properties be widely advertised on every productive website and through conventional media to ensure that those who might demand the property know it exists.

You cannot have one of those elements without the others, otherwise the science of yield management would be incomplete. After extensive testing, results show that S2D2 version 3.0 can increase both occupancy and rates, resulting in more profit for property owners.

"It is counter-intuitive to recognize that S2D2 does not care what the day of the week is, what the season is or even if there are holidays." explained Arshad. "Instead, with constant calculation, the software foresees trends and adjusts rates to be at the sweet spot that fosters both occupancy and optimal rate."

Another reason yield management works so well is that, surprisingly, travelers have become accustomed to it and, in fact, learn to use variable rates to change their behavior. In other words, demand for lodging ebbs and flows based on rates.

The HelpBookMe technology and especially version 3.0 help charge the highest possible rate on the most popular dates. Modest rates are charged during shoulder seasons. And low rates are set for slow seasons to attract guests who would not otherwise consider booking.

Yield management shines during good economies, but quickly recognizes and reacts to negative events such as economic downturns, regional weather, and any happenings beyond anyone's control.

William May, a Vortex leader admits, ""Every owner loves the idea of high rates, but pride of ownership can be wounded when they look at lower seasonal rates. But once they see the growth in annual income, owners become quick converts to our S2D2 dynamic rates."

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Vortex Managers is a network of trained vacation rental management companies and provides its clients with the resources of giant lodging corporations without the cost or delay. HelpBookMe is a proprietary lodging management software system perfected with thousands of hours by expert engineers. For more information on Vortex, call or Email: Info@VortexManagers.com, or Website: www.VortexManagers.com

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Author: William May – Manager, Vortex Managers
Blog #: 0746 – 06/03/20

Rainier Resthouse is ready for the winter season!

Published: 01/02/20 Topics: Vacation Rentals Comments:

We are very excited to have Rainier Resthouse join our family of cabins in the Mount Rainier region! This brand new vacation home mixes modern style and a mountain vibe. Just 2-1/2 hours from Seattle and Portland, 30 minutes away from White Pass Ski Resort and Mount Rainier National Park.

About Rainier Resthouse

This brand new two-bedroom home was built for vacationers, just like you. Tucked in among the trees, in a quiet neighborhood next to the river, this stylish home sleeps four and has a open-concept living room & kitchen.

The kitchen is wonderfully suited for preparing family meals with lots of counter space, all the cooking amenities you need, and a big table to gather round. The comfy living area sports a wall-mounted large tv and a great couch for lounging, after a long day enjoying the outdoors.

The master bedroom offers a second wall-mounted TV and a treasure trove of board games and puzzles. Both bedrooms will lull you to sleep with comfortable bedding, soothing views and vintage outdoor books.

Of course, the home also has cell phone service, WiFi, YouTube TV, Amazon Prime Video and LG internet TV. The full bathroom conveniently has a double sink and a washer/dryer is available for all your laundry needs

The home also boasts an outside deck, perfect for enjoying your morning coffee and a barbecued meal in the evening. Or build a fire by the handmade cedar seats and toast some marshmallows!

About the Packwood Properties Promise Here at Packwood Properties Vacation Rentals, we vow to make booking with us simple and exciting. We know that booking a rental property home for your vacation can be unfamiliar territory for some, while others know their way around it. Because we know this, we ensure that each of our properties are up to high quality standards. We do our absolute best to provide support to our guests when booking. We are available to assist you every day of the year if you have any questions or concerns before, during or after your visit to our home. We have onsite property management that are available 24/7 for anything concerning that may arise.

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Blog #: 0716 – 01/02/20
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Vacation Rental Picante Sauce

By Wm. May
Published: 09/01/17 Topics: Property Management, Vacation Rentals Comments:

What do Picante Sauce and Vacation Rentals have in common? Well they gotta be fresh and tended to. Can managers from hundreds and thousands of miles away provide adequate service to discerning property owners. Not hardly. Read more

Hire a Crack Head to Clean your Home

By William May
Published: 03/01/17 Topics: Housekeeping, Vacation Rentals Comments:

Not all job applicants will be dedicated to our industry. Many applicants just want a quick buck to pay for their habits. That is more common than you might imagine. And home owner will never know until the druggie goes missing along with assets from their home. Read more

Extortion and Anti-Disparagement Defense

By Ron Lee
Published: 01/17/17 Topics: Vacation Rentals Comments:

Christopher Elliott, self admitted one-sided advocate, writes that businesses should lose their right to prohibit defamation and thereby extortion. Trained journalists rely on freedom of the press but employ the kind of fair-minded journalists standards reporting that Elliott ignores. Read more

Grading Vacation Rentals on the Curve

By Wm. May
Published: 10/01/16 Topics: AirBnB, Vacation Rental Association, Vacation Rentals Comments:

Research has showed that average ratings on AirBnB are a full one start higher than the number of stars for homes on HomeAway.com. Could this mean that only the better homes are listed on AirBnB? Nah,. Just the opposite. Read more

Vacation Rental Restoration

By William May
Published: 12/28/15 Topics: Insurance, Property Management, Vacation Rentals Comments:

Vacation rental homes are susceptible to the same problems as full-time residences. Sometimes pipes break, basements flood and even smoke or fire damage can happen. Read more

Expedia to buy HomeAway

By Ronald Lee
Published: 11/05/15 Topics: Advertising, AirBnB, Vacation Rentals Comments:

There’s always a bigger fish. Serial purchaser HomeAway has itself been acquired by Seattle based Expedia. Read more

Vacation Rental Insurance for Condo Owners

By April Klazema
Published: 10/12/15 Topics: Insurance, Property Management, Vacation Rentals Comments:

Say you own a condo in Florida that you have been visiting every spring break for ten years now. Next spring, you have a different trip planned and won't be able to make it down to the condo at all. However, the condo is in an area that is a hot tourist destination during the winter and spring months. If you aren't going to be using it, you figure someone else would pay good money to rent it out for a few weeks. Who knows? You might even be able to finance most of your other trip just by renting out your condo to other Florida tourists! Read more

How Much Vacation Rental Insurance Do You Need?

By April Klazema
Published: 09/01/15 Topics: Insurance, Property Management, Vacation Rentals Comments:

When you are looking to buy vacation rental insurance coverage for the first time, you will likely have a laundry list of different questions that you want answered. Here are the answers. Read more

Do I Need to Get Special Insurance for My Condo or Vacation Home?

By April Klazema
Published: 08/01/15 Topics: Insurance, Property Management, Vacation Rentals Comments:

If you rent out your property to vacationers or other tenants when you are not using it, then it cannot be protected under a homeowner's policy. If you are accepting money to allow someone to stay at your vacation home, learn heard about the insurance you must have. Read more

Special Insurance for My Condo or Vacation Home?

By April Klazema
Published: 07/01/15 Topics: Insurance, Property Management, Vacation Rentals Comments:

If the purpose of the vacation home is for personal use only, then a homeowner's insurance policy will be sufficient to cover the property. But if you rent your home to guests on a nightly, or week basis that insurance is insufficient. Read more

The Vacation Rental Property Insurance Difference

By April Klazema
Published: 06/01/15 Topics: Insurance, Property Management, Vacation Rentals Comments:

Most insurance companies will offer a specific vacation rental insurance policy that you can purchase to protect your rental properties. A vacation rental property may look like a home, but in the eyes of an insurance company, it's a business. Read more

Creepy Vacation Rental Videos

By Wm. May
Published: 05/27/15 Topics: Marketing, Vacation Rentals, Videos Comments:

Videos are now being used as background graphics for many websites including for vacation rental advertising that depict guests inside homes in seemingly innocent moments like lounging bed or playing with their children. But does it cross the line? Read more

Mouse in the house. Or Rats, Bears, Ants, Termites, Cockroaches, etc.

By William May
Published: 03/01/15 Topics: Property Management, Vacation Rentals, Wildlife Comments:

Because second homes are not occupied at all times, pesky mice, rats, ants, cockroaches, bears, and other unwanted creatures have a sixth sense of knowing they are good targets. They give little warning which are unpredictable but easily resolved. Here is how. Read more

Expert Says Photos Best Return on Investment

By Joseph Romain
Published: 02/01/15 Topics: Marketing, Photography, Vacation Rentals Comments:

Matt Landau, founder of VactionRentalMarketingBlog.com has some surprising insights into the top 10 steps that can help property owners and managers increase bookings and revenue. His research reveals much about photography. Read more

DETAILS: We work to keep this information up to date, but details do change from time to time based on circumstances, often on short notice, and sometimes beyond our control. To verify any answer or other information you may need, please call or email us anytime. Allow a reasonable amount of time for response. Only legitimate inquiries will be answered.