Join the Leader in Short-Term Rental Property Management
While it’s hard to find a job that feels like a vacation, Grand Welcome – the leader in short-term rental property management – might be just about as close as you can get.
Grand Welcome franchisees help facilitate a smooth experience for renters and homeowners by handling things such as housekeeping, maintenance and local guest services. In addition, franchisees help sign on new short-term rental properties and assist in managing property owner relations.
Perhaps one of the greatest advantages of opening a Grand Welcome franchise is that it is a turnkey business with an extremely robust guest marketing system, which takes a lot of the responsibility around revenue generation off of business owners’ shoulders. Instead, tasks including email marketing, digital advertising and partnerships with various booking channels, including Airbnb and VRBO, help generate revenue for any property listed through Grand Welcome.
All it takes is one look at how short-term rentals have spiked in recent years – Airbnb alone saw a 73% year-over-year increase in revenue last year – to see that Grand Welcome is in good company.
“There are over 60 different online booking sites now, and they’re not going away anytime soon,” said Kevin Drudge, vice president of franchise development. “And the good thing is, we really leverage it. We’re not competing with these sites; they’re just marketing channels that we can use. We’ve managed over 600 properties and have a large inventory that we put through those channels, which drive 70%-80% of the revenue across our chain.”
The other great thing about Grand Welcome is that the business is looking to expand far and wide, which leaves plenty of location options for prospective franchisees. “We’re registered in all 50 states, and we are looking to grow throughout the U.S.,” said Drudge. “It’s just domestic development for now, but at some point, we’ll start looking at the international markets. We’re working on updating our website, and soon we’ll have a published list of every city we want to target. There’s availability all over the country.”
See the Original Article in Franchise Dictionary Magazine here.