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How to Win Big in the Vacation Rental Industry

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You will have a swimming pool full of money from your Rental Business if you will follow these tips.

We all do business to earn money at the first place and then for any other purpose such as passion, dream. Well if not all but most us are working for money. We all want financial stability in order to fulfil our personal and our family’s desires.

So what if the business you are running currently is not generating enough profits? Will you shut it up or just keep on bearing all the losses? Well I have a better option than these two, only for you because you are my friend. You can do a little bit research, work upon certain areas of your business, change some strategies, learn some tactics from competitors and improve. Now I can understand your situation very well, you don’t have enough time to do research and money to hire someone to get this work done for you…. I know your problem. So, I have done this work for you and you know what, you won’t have to pay me anything. Just take out 5 minutes from your busy schedule and read this article completely. I am sure after reading this you will have a basic idea about how to improve your earnings and be reputed in Vacation Rentals Business Market. And I expect you to spare at least this much time for your business. This is least you can do and don’t just read it and forget it, work upon the idea and maintain your performance.

1. Prioritize Your Customers

I went India last year for a business tour with my friend. There I learnt a basic yet authentic principle of business — Treat your Customers as God. Yes they do treat their customers like a God and that’s what makes their relationship with their customers home-like. Now if we talk about Rental Business you should try to maintain healthy relations with your clients. Make sure you pay heed to all their complaints and queries. Just be available to them 24/7 and don’t let them feel betrayed and disheartened. But this does not mean you will invade their privacy, remember they are at your place to have some personal time and not to be bothered by you all the time. Maintain a balance and make sure you are in contact with them.

2. A Clean Home Is Their Right

First impression is the last impression, well it might not be true in case of people you meet but  it is certainly true about the places you visit. So if your guests won’t find your place clean in their first visit they will not consider staying at your place again. It will bring bad name to your Business and you may lose potential guests. Bad referral is more dangerous than you think.

Talking on your guests’ behalf, I would say that a clean place to live in is their right as they are paying for it. They will definitely leave negative reviews on your website about your rental property without any hesitation, because they will be  disappointed in you. A clean place will lift up their mood and will freshen them up.

You should regularly clean your house and make sure it is hygienic. Imagine they open the main door and everything is spick and span, everything is exactly at its position. Undoubtedly they will love it and will appreciate your service.

A Pro tip:

Make sure to clean your house surroundings as well.  A dirty garden is as disappointing as a dirty kitchen. So make sure your garden area, garage, back lawn, the surroundings of your place everything is clean. It might sound absurd but trust me cleanliness can help you earn more  3. money.

3. Bend your finger and lick the butter

No relation is one sided, it only works when both the parties are equally involved. And so does it happens in business, if you are providing a clean home to your clients then it is your right to get it back at least not in a bizarre condition. Be humble and ask your guests to do the basic cleaning. You cannot expect them to do all of it but yes they can do some basic tasks such as loading the dishes, drawing all the curtains, switching off electrical appliances like lights,fans, microwave etc, closing doors and windows, making sure that garbage is dumped into dustbins. You can help them in doing that by putting small reminder slips all over your place or a decorative chart with all the instructions written over it for the same. It depends upon you that how you will get things done with your own creativity. So wear your creative caps and blast it with your kick*ss performance. Make them work without botheration.

4. Safeguard your Rental Property (Deposit Fee)

Some of you might not find it appropriate but charging a deposit fee from guest is not at all a bad idea., Indeed it is a great idea. It will serve dual purposes. First of all you will be relieved from worrying about the damages that might be caused to your property by careless guests. Second, deposit fee will make your guests more cautious about how they handle your property and gadgets in your house. Therefore chances of damage will be less. Convince your guests that in case of any damage only the amount extended to that of the damage caused will be recovered and remaining will be given back plus in case there are no damages your money will be returned to you. A pro tip here is that you can tie up with any online shopping app and provide exclusive vouchers to your guests, if they book your property for a certain period and leave it without causing any damage.

5. Don’t be a bossy boss

A place where every time you find your boss yelling out at an employee is a jail. And such a place feels like a nightmare where you can’t escape the ghost and have to deal with his sh*t. So if you are a boss then treat your employees like family, and they will work more efficiently which in turn will improve your business performance. But it doesn’t limit your powers, you can scold them if they depict wrong attitude towards their work and everything is acceptable if it is done in certain limits. Manage your staff effectively and make them feel at home yet inspired to do their work. Don’t overload them and make sure you have as much direct contact with them as possible, especially your cleaning staff. Maintaining right quality and quantity of personnel is another major decision that a leader takes  which directly impacts your revenues. Over hiring and under hiring both will deplete your revenues. So choose optimally.

6. Go Solar… Go Green

 If you are lucky enough to have ample sunlight in your Vacation Rental Property and that too for almost around the year, then you can cut down your electricity bill to almost nil by installing solar panels. Yes, it will put burden on your pocket for sometime but in long run this is a win-win game. Because solar panels are eco friendly and they are long lasting. Second, your environment loving guests will love it too. And if you want to them to be overwhelmed by their choice of choosing your property, then keep your garden in upright condition. There are different flowering plants in your garden to give it a contrasting look. Make sure there are no mosquitoes breeding in or any other harmful creature residing happily in your garden area.  

You can further have segeragated waste management system so that recyclable waste can be recycled. Remember that mother earth is providing you with all of these resources therefore this is least what you can do for her. Make sure you harm you planet as less as possible. And if helping mother earth is increasing your bookings from your environmentalist friends then what’s the problem. Grab every opportunity dude.

Conclusion

Business is just like life, in order to grow you need to improve and keep going on. Similarly if you really want to achieve success in your rental business then never give up. Start with some small things and make huge difference because small pieces of puzzle makes a complete picture. Use these tips to improve and see the results. Every business is different just like our fingerprints. So understand your needs and work on it. Don’t stop at a point work hard and expand. And after expansion, try to maintain your position. That’s what matters. Many startups fail because they just don’t keep going on and want instant results. Be patient, have a muffin and work more without much load.

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Bitcoin Revolution – An Introduction

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  • What is the Bitcoin Revolution?

It is an Automatic trading system established by a  group of established blockers of Bitcoin industries in 2017 is known as “Bitcoin Revolution”. According to the signal emitted from the “Crypto” market trends, it is claimed to perform trades 0.01 second as compared to its traders.

Rumour has found that it interconnects a group of brokers with each other and they create multiple software’s. They make the platform user-friendly because they well know how to trade the products within their platform. According to many users, Bitcoin Revolution is very easy and simple to use. 

Bitcoin Revolution is an effective platform that is available automatic revolution.  It differs from most of the platforms that are lying around the internet. This Provide the software for you that can trade efficiently. 

  • How the Bitcoin Revolution Works?

Bitcoin Revolution provides us with free software’s that are free for its users. It is because the creator of this platform earns a lot of money by their trades. The creator of the Bitcoin Revolution believes in the trading system of algorithms. They said that you just need only 1st investment to connect with the users then you have to set up the recommended settings and can start trading. It takes only twenty minutes daily. The whole process of a trading system is very simple. It gives steps of the Bitcoin Revolution below!

  • First, create an account. 
  • Then you have to make an initial deposit with your broker.
  • After this step, choose the setting and then turn on the auto trading.
  • Place A Trade With Bitcoin Revolution:

You need to be registered and have to create an account on the website for the Trading system. You need only a first investment,  after this, the software is free of cost for its users. 

Steps for Open the account:

It comprises three steps like as!

1.Registration

2.Demo Account 

3.Live Account

  • Registration:

First, you go on the website of the Bitcoin Revolution. To create the account, you just need to fill the form available on the b Bitcoin Revolution’s website. Put the first and last name, then enter the email and your phone number. For the security of your account and data, have to create a strong password on the account. When you complete the registration, it will automatically connect you with the broker available on the Bitcoin Revolution’s platform. 

  • Demo Account:

The demo account is also available for the users of Bitcoin Revolution. When you chose the demo account, you will visit the functionalities of the account. The software will provide you with the credit of 1,500 dollars to test either the software is full extent.  To start your own trade, you can use the amount on the software. You need not worry, you just click on the ” auto trade” button and then the software will run automatically. 

  • Live Account:

When you want to create the live account you just click on the trading room. Here some features of Bitcoin Revolution will be available. 

  • Open transaction: is helpful to test the robot performance. 
  • Trading history: is helpful to search the history of the positive and negative transaction. 
  • Control panel: is helpful for setting and progress your portfolio.

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Know How to Avail an Additional Income Tax Deduction of Rs.3.5 Lakh on Home Loan

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By 2025, real estate sector in India is expected to contribute 13% of total GDP of the country. To live up to this expectation, various affordable housing schemes and tax benefits are on offer for prospective home buyers.

Income tax benefit on home loans can help buyers substantially reduce the income burden. The income tax act of India, 1961 has dedicated provisions for this cause, with various tax exemption clauses. These include –

  • Section 80C of ITA states that the funds used for repayment of the principal home loan amount can be exempted from income tax. The exemption is applicable for up to Rs. 1.5 Lakh every financial year. Any amount exceeding this is subject to standard taxation.
  • Section 24(b) provides a tax exemption on the interestrate payable on the total loan amount. This benefit is given for interest payments of up to Rs. 2 Lakh every financial year.
  • Section 80EEA is also dedicated to reducing the burden of interest on the borrowers. You can get an additional Rs. 1.5 Lakh on your total disposable income as the tax is exempted. Note that this tax waiver is only applicable till 31st March 2020 for properties of up to Rs. 45 Lakh.
  • In case of top up loans, an additional tax waiver Rs. 30,000 can be availed on the interest liable.

You can easily calculate the total tax waived on your home loan repayments using a home loan tax benefit calculator.

However, several other criteria need to be satisfied to avail these policies for tax saving on home loans.

  • Exemptions are only applicable if the property has already been constructed, and is utilised as a residential property.
  • If the borrower sells the property after 5 years of ownership, the tax benefits will become invalid. If the returns are already disbursed, the exemptions are reversed and added to the following year’s income.
  • In case the house is given on rent, the entire home loan interest is waived off from tax exemptions.

Ensuring you fulfil the above mentioned restrictions, you can easily apply for the returns – by yourself, or through your employer. Having the home loan interest certificate at your disposal will smoothen this process by a significant amount.

The number of home loans acquired is increasing in number, mainly due to these benefits of tax waivers, reasonable housing loan interest, and subsidised rates at which you can avail home loans via government sponsored policies.

If you are a prospective home buyer, you should make a note of these exemptions to benefit from them. Additionally, you should also follow up on pointers which can help you avail a home loan at the most beneficial terms and features.

Home loan eligibility and documentation

You can quickly calculate your home loan eligibility by checking whether you satisfy the following criteria. Note that applicants should be between 25 and 65 years of age. A CIBIL score of 750 and above can help individuals avail competitive interest rates as well as other beneficial loan terms and features.

Also, salaried applicants must have at least 3 years of working experience while self-employed individuals must showcase a business vintage of 5 years.

These are among the few things you must know before taking a home loan. Avail the tax benefits for substantial savings over the repayment tenor. Refer to lenders who provide not only attractive rates of interest but additional repayment-friendly terms and features as well.

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What Can an Online Marketing Company Do for Your Business?

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The ways in which businesses choose to promote themselves are constantly changing. Twenty years ago, very few people used the World Wide Web to promote their company; ten years ago, very people understood the importance of social media as a marketing tool, but in the current business climate, it is important to try to utilise both. In a constantly changing business environment, it can be hard for small business owners to keep up-to-date with the latest internet marketing strategies, and it can be even harder for them to implement these strategies competently. The whole process can be very time consuming. If you are not fully trained or do not have much free time, it is a great idea to use an online marketing company.

Most good marketing companies will provide each business customer with a dedicated account manager, who will ask questions about the clients’ specific aims and will try to learn as much about each individual business as possible. Working with an account manager can help to give the customer as much input as possible, whilst allowing the online marketing company to understand the needs of the individual client. Account managers can also help to develop a strategy which can be implemented within your budget. They help to give each user a personalised service and having an account manager who knows about your company means that you won’t have to re-explain yourself every time you contact them.

Online marketing companies also use experts in search engine optimization (SEO), who are trained to understand the ways in which major search engines work. They will be able to make sure your webpage is highly visible and that it will be one of the first search results that are returned for when certain keywords are searched for. These experts will help you rewrite and re-format your website so that it is full of SEO-rich content, including the appropriate Meta tags and keywords for your company. In order to create a successful website with a high volume of traffic, it is essential that you hire somebody who understands how to use SEO.

Whilst some online marketing companies specialise solely in internet marketing strategies, it is also possible to find companies which will be able to come up with a marketing strategy that incorporates traditional marketing strategies as well. These marketing companies can be a good choice for growing local businesses who want to make their physical presence known in the local area, as well as over the internet. Traditional and online marketing companies are paid to think outside the box to develop new strategies which will help your company to stay ahead of the game.

Online marketing is far more complicated than simply creating a company website containing information about your business. An effective strategy can include targeted emails, viral videos advertising and article marketing, amongst other things. Online marketing strategies can be very differ to traditional marketing strategies and if you have not had any experience in marketing a company over the internet you should always turn to an online marketing company to promote your business.

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