Articles tagged “avantstay”

Short-Term Rentals

Sonder Rivals Take Over Some of Its Properties

Landlords approached Sonders' rivals to take over properties where Sonder was trying to renegotiate terms or exit from master leases.

Srividya Kalyanaraman | 4 weeks ago

Sonder Rivals Take Over Some of Its Properties

Short-Term Rentals

Capital One Travel Launches Vacation Rentals Through Boutiq and AvantStay

As major credit card companies upgrade their travel footprints, vacation rentals have become a must-have.

Dennis Schaal | 2 months ago

Capital One Travel Launches Vacation Rentals Through Boutiq and AvantStay

Short-Term Rentals

The Quiet Dealmakers of Short-Term Rentals

M&A in short-term rentals isn't new, but players today prefer to remain quiet about the deals and their value.

Srividya Kalyanaraman | 3 months ago

The Quiet Dealmakers of Short-Term Rentals

Short-Term Rentals

A Trimmed Down VTrips Laid Off 9% of Its Employees

Consider this a peek behind the curtain of VTrips, which has not been immune from the layoffs rocking the property management industry.

Dennis Schaal | 7 months ago

A Trimmed Down VTrips Laid Off 9% of Its Employees

Short-Term Rentals

AvantStay Cuts Nearly 10% of Workforce

AvantStay confirmed late Tuesday afternoon it cut 37 employees, or nearly 10% of its workforce.

Srividya Kalyanaraman | 10 months ago

Short-Term Rentals

Property Manager AvantStay Lays Off 10% of Staff, Third Round of Job Cuts in a Year

Early in the pandemic, a bunch of property managers handling multi-family buildings went out of business. Many vacation rental property managers have recently faced a softer reckoning, but an inflection point nonetheless.

Dennis Schaal | 10 months ago

Property Manager AvantStay Lays Off 10% of Staff, Third Round of Job Cuts in a Year

Short-Term Rentals

Vacasa Slashes 17 Percent of Workforce in Second Recent Round of Layoffs

It's clear that Vacasa's ranks were bloated, and that the company was not very well-run in recent years. Like several other now-struggling, newly public companies, Vacasa faces a challenging road ahead.

Dennis Schaal | 1 year ago

Vacasa Slashes 17 Percent of Workforce in Second Recent Round of Layoffs

News Blog

Property Manager AvantStay Lays Off 22 Percent of Workforce in Second Round of Cuts

In a second round of cuts since mid-year, property manager AvantStay laid off 144 staffers, about 22 percent of its workforce, according to a published report from Short Term Rentalz. An Avantstay property in Isle of Palms by Charleston, South Carolina. Source: AvantStay. This followed the Los Angeles-based vacation rental firm eliminating some 43 jobs…

Dennis Schaal | 1 year ago

Short-Term Rentals

Weaker Short-Term Rental Players Face Mounting Pressures

Softness in occupancy rates, onerous long-term leases, and investor demands for profitability have contributed to a greater strain on the weaker companies in the short-term rental sector.

Dennis Schaal | 2 years ago

Weaker Short-Term Rental Players Face Mounting Pressures

News Blog

AvantStay Says It Conducted 43 ‘Job Reductions’ in the Past 30 Days

Property manager AvantStay said Friday its employee roster was subject to 43 "job reductions" in the past 30 days. The company argued that these weren't layoffs because they came as part of a "gradual reorganization." There actually was a net reduction of 19 employees over the last month because the company, which has around 600…

Dennis Schaal | 2 years ago