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Accidental Guest Damages: Take A Deep Breath! by Mike Harrington


Sponsored Content provided by Mike Harrington - CEO & Owner, Carolina Retreats
Owning investment real estate comes with its share of highs and lows. The joy of providing an exceptional hospitality experience and a knack for hosting can be very rewarding when you have guests that are able to enjoy your property as much as you do. However, with opening your door to so many, the inevitable accident is bound to happen, which can leave some questioning, “Why do we do this again!?
Any seasoned vacation rental homeowner or manager will tell you that occasional guest accidental damage comes with the territory of a successful investment property. Mitigating that damage and having a formal policy of how these issues are handled can go a long way to help take the anxiety out of the process for the property owner and guest. ....

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Forecasting Summer 2021: Vacation Rentals Are On Fire! by Mike Harrington


 
Occupancy % gives us a quick snap shot of how quickly our available properties are booking vs. last year. So far our booking pace for available nights is up 30% year over year at this time. Keep in mind, the real effects of COVID shutdowns did not start until mid-March and this data is through the beginning of March, thus giving us a little better apples to apples comparison.  
 
ADR, or Average Dailey Rate, is another key metric we use to gauge how well our rate algorithms and revenue management team is maximizing not only occupancy, but more importantly revenue. To date, ADR is up 21% compared to the same time last year. We view this as a pretty sharp increase in broader demand this year as we have been able to incrementally push up rates for peak time periods. ....

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Raleigh Ad Agency Celebrates 21 Years with New Clients and Expanded Markets


Raleigh Ad Agency Celebrates 21 Years with New Clients and Expanded Markets
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RALEIGH, N.C., Feb. 1, 2021 /PRNewswire/  Today Media Partners, Inc. (MPI) celebrates twenty-one years in business. While 2020 was not the 20th Anniversary Celebration we had intended… we are still thriving and looking to make our twenty-first year something to really celebrate, said partner, Nancy Bono.
MPI was founded by Bono in 2000. Since then, the company has persevered despite ups and downs in the economy and the many changes to the advertising landscape.
I think the secret to our success has been our ability to adapt, said Bono. We have always prided ourselves in responding to our partners needs. That means understanding the market and helping our clients adapt too. ....

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