Vrbo is a prominent vacation rental website. This comprehensive guide to selling your vacation rental home on Vrbo will teach you how it works, how to register an account, how to make your property stand out from other rentals, and how Vrbo can protect you and your visitors. Still, people are confused about which is best, Airbnb or Vrbo. You will discover how a home-sharing website like Vrbo may enhance your success as a rental property owner and bookings.
What exactly Is Vrbo?
In 1995, it was one of the first organizations to provide a user-friendly platform for homeowners to advertise their rental properties. After twenty-seven years, there are currently over two million postings accessible in 190 countries.
The types of holiday rentals are not restricted. Vrbo allows owners to offer a wide variety of homes, including cottages, bungalows, cabins, townhouses, villas, lodges, farmhouses, and more! Even boats, yachts, castles, and mills are included!
What Must You Know Before Listing Your Property on VRBO?
Before you offer your property on VRBO, you must understand a few things. First, the platform was designed for property managers keeping more prominent operators in mind. This implies that hosts who used to use the Airbnb platform may encounter several peculiarities, particularly regarding taxes, damage deposits, payment processing, and opportunities for collecting additional fees. If you are still thinking about which is best, Airbnb or Vrbo, you can think about which platform is giving more offers.
How Do Damage Deposits Work on VRBO?
You have the option of demanding or not requiring a damage deposit. Instead, the visitor will pay this amount in advance at the time of booking. This is a massive improvement over Airbnb’s method, which only charges the damage deposit fee after an incident has been reported. You may also choose to provide visitors with Property Damage Protection insurance. This insurance replaces the need for the visitor to provide an upfront damage deposit.
A few points about VRBO’s damage deposit:
- The host or property management determines the deposit amount.
- If appropriately set, the damage deposit will be charged to the visitor at the time of booking.
- If no claim is made, the damage deposit will be reimbursed 14 days after the visitor checks out.
- Although most hosts prefer to collect the damage deposit in advance, it is a significant barrier for the visitor, who may not get their money returned.
How does VRBO’s payment process work?
Unlike Airbnb, VRBO offers additional payment processing alternatives for guests. For example, you may have VRBO handle guest charges or charge guests directly using Stripe, Braintree, or other major credit card processors.
This flexibility is advantageous for property managers who want greater control over their visitors.
Step-by-Step Instructions for Listing on VRBO
To efficiently put up your VRBO listing, you will need the home’s location, high-resolution images, banking information, property descriptions, and a pricing plan.
- Sign in to the account.
- Click on the “List Your Property”.
- Enter the pertinent property details (i.e. the number of bedrooms and bathrooms).
- Select “Next”.
- Enter the address of the property and then click the blue arrow.
- Examine the whole checklist and mark the items that apply.
- Choose between a per-booking fee and a yearly fixed charge.
- Select “Next”.
- Provide your billing address and payment details.
- Accept the “Terms of Service”.
If you are creating a VRBO listing, you should consider creating an Airbnb one. Adopting a channel manager allows you to synchronize your Vrbo or Airbnb calendars and have a single inbox, allowing you to connect on either side without switching between programs.