Savvy vacation rental hosts have a secret! Chiefly hosts rent their homes as accommodations but also leverage their properties as retail space. This increases the dollar per transaction of the average booking and over time can greatly maximize a host’s rental profit.

Often times guests are enchanted with the home decor, local specialty items and want to expand their vacation rental activities during their stays. Enter the secret sauce of successful hosts…. a brand new app to make add-on sales easy. Read on to level-up! 

How to Maximize Rental Profit

Are you searching for the perfect solution to generating more income and stop that sales leakage within your home rental business? There’s a new software in the vacation rental industry to fill the need. An easy to use app that helps increase profits through a variety of services and retail offerings.

With BnSellit, Hosts can generate even more money with every stay. The platform allows hosts to sell or rent virtually anything to their guests as a way of enhancing their experience.

You can even cater to your guests’ needs by providing easily forgotten items or modes of transportation for convenience. 

Use Profit Maximizing Software

The BnSellit ™ app is simple to navigate. You have the ability to manage and update your inventory, communicate with your guests in real time, and view your analytics to learn a little bit more about what items your previous guests have purchased or rented the most. 

You can sell and/or rent a variety of items to your guests, including things like: 

• Toiletries
• Bicycles
• Seasonal gear
• Art
• Souvenirs
• Snacks / Food
• Kayaks / Paddle Boards
• Golf Clubs
• Fishing & Sports Equipment

Hosts know there are plenty of things they need to take into consideration when setting up an in-home marketplace. Here are a few tips that you will need in order to set up a successful marketplace!

Know Your Audience

What demographic of travellers do you host the most? Do you accommodate retired snowbirds, golf enthusiasts, beach lovers or more often host families that are on vacation? Knowing your audience will help you make better decisions regarding the items you list for sale or rent. This will increase the likelihood of these guests purchasing or renting things they need or are interested in having. The best tip is to curate your marketplace for your guests.

Provide Practical & Easily Forgotten Items to Maximize Rental Profit

Providing practical items is a great way to generate more income through your guests. Many travellers tend to forget items like toothbrushes, phone chargers, bathing suits, and speakers when packing for a trip. By providing items like these throughout your property, you’ll be further accommodating your guests. This is the type of professional service that has guests coming back to you again and again as well as increase in guest referrals to their friends.

Display Your Items Carefully

The most important part about setting up your in-home marketplace is having your items displayed in the appropriate areas of your property. Placing your items in an easy to access, well lit area is a must. Organize your items so that they are visually pleasing. Include unique local items that can’t be purchased elsewhere. This will peek guest interest. Be sure to keep items that can be easily broken at levels that cannot be reached by small children thus decreasing lost inventory.

Maximize Rental Profit by Promoting Your Own Marketplace To Your Guests

To promote your host marketplace ensure BNSellit signage is appropriately displayed to capture sales. Your BnSellit starter pack contains everything you need to point your guests in the right direction for purchases. Providing your guests with your Host ID prior to check-in. This helps promote your product inventory and gives guests the opportunity to browse items of interest. 

Use these helpful tips to ensure that you are off to a great start to maximize your rental profit! 

For more information on BnSellit visit www.bnsellit.com or follow them on Instagram @bnsellitinc