Things To Consider When Choosing A PMS

Choosing a property management software is an important choice for any vacation rental company. The property management software is the “engine” for your booking process. Choosing the right engine is critical to the success of your rental company, and like car engines, they are expensive and difficult to swap and move around. If you are reading this and planning a switch, you’ll want to choose the right property management software. “Right” is a relative term; you’ll want to consider the number of properties, your website needs, features and cost as part of this choice. The best choice for you may not be perfect for another vacation rental company.

Up first, you’ll want to consider the cost of your booking engine.

Cost (pay per unit, pay per user)

When deciding to pick between the choices of booking engines, you’ll obviously have to look at the cost of your options. Many booking engines charge per user or also it’s very common to charge per unit that you’re renting out. Another pricing structure may take a percentage of every booking plus a setup fee. These will all vary depending on the options you’re looking at. It’s easy to do simple math for each option and find how much cost you’ll incur with each booking engine; so as you’re researching the various options, you’ll want to carefully note these costs and save them for review. What is cost effective for someone with 100 rental units may not be for you if you have 25. The fees can be a major choice when choosing a booking engine but don’t make your decision based on cost alone.