Page 2

Articles tagged “property managers”

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 | 1 year ago

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

Short-Term Rentals

Frontdesk Buys Rival Property Manager Zencity

Frontdesk's acquisition of Zencity highlights a consolidation trend among property managers, but also the very fragmented nature of the sector.

Dennis Schaal | 1 year ago

Frontdesk Buys Rival Property Manager Zencity

Short-Term Rentals

Vacasa Says Travelers Are More Fickle in Vacation Rental Bookings

These things we know are true: Travelers change their booking patterns in response to changes in prices and weather. Travel companies change their finance chiefs when profit is elusive.

Sean O'Neill | 1 year ago

Vacasa Says Travelers Are More Fickle in Vacation Rental Bookings

Short-Term Rentals

After Sonder, Vacasa Receives Notice of Delisting from Nasdaq

Like Sonder, Vacasa is another example of a company that went public way too early via a special purpose acquisition company, or SPAC, merger.

Srividya Kalyanaraman | 1 year ago

After Sonder, Vacasa Receives Notice of Delisting from Nasdaq

Short-Term Rentals

Airbnb Denies Buying Scottish Firm Letting Cloud

Several news outlets reported erroneously that Airbnb acquired Scottish property portal Letting Cloud. But Airbnb has denied all reports, stating it has not and does not intend to acquire this company.

Srividya Kalyanaraman | 1 year ago

Airbnb Denies Buying Scottish Firm Letting Cloud

Short-Term Rentals

Short-Term Rentals Find an Ally in Build-For-Rent Developers

Built-for-rent projects get a lot of hype, and sure, they suit the socio-economic environment of a tight housing market and a renter-friendly one. But worries about growing inequalities and elusive home ownership persist.

Srividya Kalyanaraman | 1 year ago

Short-Term Rentals Find an Ally in Build-For-Rent Developers

Short-Term Rentals

Vacasa Turnaround Exec Cites the Need for a Vacation Rental Reset Post-Covid

If ever there was a put up or shut up time for vacation rental tech, it is now. Vacasa and top exec T.J. Clark are bent on improving direct relations with homeowners minus nearly 1,600 employees since October.

Dennis Schaal | 2 years ago

Vacasa Turnaround Exec Cites the Need for a Vacation Rental Reset Post-Covid

Short-Term Rentals

Vacasa Sees Increase in Properties Leaving Its Platform

Vacasa is trying to achieve profitability in 2023 while homeowners are leaving its platform, and it's forecasting that gross booking values will decline. Tough stuff.

Dennis Schaal | 2 years ago

Vacasa Sees Increase in Properties Leaving Its Platform

Short-Term Rentals

Sonder Fires 14 Percent of Its Corporate Workforce in Second Recent Layoff Round

Sonder is a prime example of a company that shouldn't have gone public, but the special purpose acquisition company trend enabled it to start trading. From lots of hype to penny stock, that's the story now.

Dennis Schaal | 2 years ago

Sonder Fires 14 Percent of Its Corporate Workforce in Second Recent Layoff Round

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 | 2 years ago

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