Multiple Location Property Management Software is designed to help hosts oversee and manage properties spread across different locations. It eases multi-property management by centralising tasks, such as guest communication, financial tracking, and occupancy management into a single platform.
Table of Contents
Do Not Put All Your Eggs in One Basket!
One main advantage of a vacation rental management business over a hotel is financial flexibility. As a vacation rental manager, you aren’t obliged to invest all your money in one place. Short-term rental managers can diversify their investments across various properties in different locations. This diversification can spread risk and reduce the impact of localised economic downturns. However, before going any further, sooner or later, you will need some functional Multiple Location Property Management Software.
You might prefer to invest in some properties distributed in different regions of a country or worldwide, taking into careful consideration the location and demand. Distributing your resources in different places reduces investment risk. It’s the principle of not putting all your eggs in one basket.
However, sometimes increasing the baskets makes property management more difficult. This incurs management-related costs because of the increased number of staff members in different locations.
So, how can you fully manage all the tasks associated with a vacation rental business in more than one place? A Multiple Location Property Management System is undoubtedly an ultimate source of relief for you.
How Does a Multiple Location Property Management Software Help?
A Multiple Location Property Management Software can enhance efficient multi-property management in several ways:
1. Single Sign-In
If you manage vacation rentals or operate serviced apartments in three different countries, you’ll need three separate accounts. This is necessary if your PMS (Property Management System) doesn’t offer multiple location property management options.
While using a PMS armed with multiple location property management capability, you do not need to purchase subscriptions for different accounts. Consequently, it saves you the expenses of paying for different accounts per country. This also removes the time you have to spend on switching between multiple accounts.
2. Calendar Syncing
Multi-property management would be much easier if you could check the overall condition of all your properties in one unified system. A Multiple Location Property Management Software consolidates all your properties’ information into a coherent, uniform occupancy, and rates and availability calendar.
3. Staff Management
Paying for Multiple Location Property Management Software causes a substantial reduction of all the costs related to staff management. You can assign the tasks of different properties to your staff in the most efficient way. Instead of checking the staff availability and tasks related to three different properties in three different accounts for example, you could take advantage of checking all those in one place, thus optimising task management.
You can arrange all your staff to provide services for your guests, owners, and vendors of different properties in different locations.
4. Multi-Currency
PMSes with a multiple location property management structure must be able to do payments for different currencies if the Country Level is included in their set-up.
Having multiple location properties at the Country Level enables you to manage your properties in different countries on one platform. You can get the revenue management analytics of your entire business in one hub and in your preferred currency.
5. Hierarchical Structure
A PMS that includes a hierarchical structure in organising properties is gold, especially for multi-property management. Ideally, a hierarchical structure must allow you to specify the names of the countries where your properties are located. It should include the cities within each country, as well as areas within each city. Then, you are able to add your properties within areas.
You might have identical units in a property, so being able to set unit types is an advantage. It will be also helpful to set the rates by grouping them together, corresponding one unit type to all of them.
Apart from unit types, you must be able to upload images of the units inside your properties. Additionally, you should include other necessary information like Wi-Fi details or check-in instructions.
6. Expansion Opportunities
Using Multiple Location Property Management Software fundamentally transforms operational scalability by simplifying the management of diverse properties across different locations. It allows property managers to expand their portfolios seamlessly without the burden of increased operational complexity.
By centralising operations, the software ensures consistency in service delivery across all properties.
Which PMSes Provide Multiple Location Property Management?
With a multi-location property management system, you are given one account and one central login. So, you can achieve effortless multi-property management for vacation rentals, serviced apartments, guesthouses, or B&Bs across multiple locations.
Unfortunately for vacation rental managers, there are not many options available except some hotel management software systems like Innroad. That is exactly the reason for Zeevou to believe in its excellence and uniqueness.Zeevou’s multi-location PMS saves you time as it enables you to easily manage all your properties spread across the world. To learn more about this sought-after feature, go ahead and Book a Free Demo.
