• News
    • VRM Intel News
    • Latest News
    • Sponsor News
  • COVID-19
  • Marketing
  • Tech
  • OTAs
  • Customer Service
  • Regulations
  • Business
  • Housekeeping
  • Subscribe
  • More
    • Calendar of Events
    • VRM Intel Live!
    • Reports Login
    • VRM Intel Magazine
    • Advertise
    • Authors
    • About Us
    • Contact Us
VRM Intel
  • News
    • Why Not A Hotel? A Guest and Homeowner’s Perspective: There’s No Place Like Home … Or Is There?
    • Leading Proptech Company Guesty Appoints David Aber as CFO
    • Meredith Hospitality Brands Inc. Expands to Mt Hood with Acquisition of Mt Hood Vacation Rentals
    • Rent Responsibly announces new partnerships and new virtual conference series
      Rent Responsibly Launches New 2022 Partnerships and a New Virtual Conference Series for VRMs and Others
    • Houses in Koko Head, Oahu, Hawaii
      Property Managers And Owners Sue Honolulu County Over Bill 41
    • VRM Intel News
    • Latest News
    • Sponsor News
  • COVID-19
    • 2022 Vacation Rental acquisitions from AvantStay, VTrips, Vacasa, Meredith, and more
      Who Sold? Here’s What We Know: 2022 Vacation Rental Management Acquisitions
    • 2021/2022 Ski Destinations Showing Big Performance Gains in ADR and RevPAR for Vacation Homes and Condos
    • “It’s like a short-term rental regulation pandemic.” 2022 Spring Vacation Rental Regulatory Trends + Fall Outlook
    • HR 2022: Attracting Today’s New Workforce after the Resignation Tsunami and the Great Renegotiation
    • 5th Annual #BookDirect Guest Education Day, Feb 2: Why It Matters
  • Marketing
    • Why Not A Hotel? A Guest and Homeowner’s Perspective: There’s No Place Like Home … Or Is There?
    • 5 Steps to Clean Up and Organize Your Vacation Rental Website
    • Moneyball for Vacation Rental Managers
    • 4 Ways to Stand Out in a Crowded Market: Get Your Brand & Listings in Front of Potential Guests
    • Why, When, and How to Upgrade Your Hospitality Software
  • Tech
    • How One Vacation Rental Firm Finally Solved the Trust Accounting Problem
    • Vacasa (VCSA) Stock Falls as Lock-up Period Expires
    • 5 Steps to Clean Up and Organize Your Vacation Rental Website
    • Front of the House, Meet the Back of the House
    • Why, When, and How to Upgrade Your Hospitality Software
  • OTAs
    • Vacasa (VCSA) Stock Falls as Lock-up Period Expires
    • 4 Ways to Stand Out in a Crowded Market: Get Your Brand & Listings in Front of Potential Guests
    • Stays Group and Touch Stay Announce Partnership that Strengthens The Vacation Rental Travel Ecosystem
    • 2021/2022 Ski Destinations Showing Big Performance Gains in ADR and RevPAR for Vacation Homes and Condos
    • Using Airbnb For Bookings Just Got Even More Risky with New Refund Policy
  • Customer Service
    • Why Not A Hotel? A Guest and Homeowner’s Perspective: There’s No Place Like Home … Or Is There?
    • Leading Proptech Company Guesty Appoints David Aber as CFO
    • Meredith Hospitality Brands Inc. Expands to Mt Hood with Acquisition of Mt Hood Vacation Rentals
    • View of Waikiki from Diamond Head Park, Honolulu, Hawaii
      Honolulu City Council Bans Stays Under 90 Days Across Oahu
    • Are you a Visionary without an Integrator at Your Vacation Rental Management Company?
  • Regulations
  • Business
    • Leading Proptech Company Guesty Appoints David Aber as CFO
    • Meredith Hospitality Brands Inc. Expands to Mt Hood with Acquisition of Mt Hood Vacation Rentals
    • How One Vacation Rental Firm Finally Solved the Trust Accounting Problem
    • 2022 Vacation Rental acquisitions from AvantStay, VTrips, Vacasa, Meredith, and more
      Who Sold? Here’s What We Know: 2022 Vacation Rental Management Acquisitions
    • 5 Steps to Clean Up and Organize Your Vacation Rental Website
  • Housekeeping
    • Why Not A Hotel? A Guest and Homeowner’s Perspective: There’s No Place Like Home … Or Is There?
    • Analysis: “Reinventing” Vacation Rental Management by Alex Nigg
    • HR 2022: Attracting Today’s New Workforce after the Resignation Tsunami and the Great Renegotiation
    • Safety First: Evaluating and Addressing Safety Risks at Your Vacation Rentals
    • The Importance of the Guest Experience within Vacation Rental Operations: From the Back of the House to the Front
  • Subscribe
  • More
    • Calendar of Events
    • VRM Intel Live!
    • Reports Login
    • VRM Intel Magazine
    • Advertise
    • Authors
    • About Us
    • Contact Us
  • RSS

COVID-19

Someone Just Hit Pause

Someone Just Hit Pause
mm
Matt Ward
March 25, 2020

Someone just hit pause on the vacation rental industry…and the world.

I never thought in my lifetime that I would witness the global economy come to a screeching halt. It did.

The Minnesota Safety Council says that a train going 55 MPH takes 200 feet to stop in ideal conditions. For the last few years, the economy, and more specifically, vacation rentals were moving at a much higher rate of speed, and we watched that train stop on a dime. To the point that it was excruciatingly painful.

However, as we learned as kids, with every action there is an equal and opposite reaction. We are now going to be witness to “Bill and Ted’s Excellent Bounceback”. I’m sure if they named it, it would be their “most excellent bounceback”.

The stock market will come back.
Businesses of all types will come back.
Restaurants will come back.

And Vacation Rentals will come back.

And this time, we will all come back with a vengeance.

We will rise from the ashes, better than before, having learned valuable lessons. We will rise above this like we did in the aftermath of 9/11 and we will be better than before!

We will not overhire.
We will not overspend.
We will not underestimate the value of cash reserves.
We will be better managers, leaders, and colleagues.
We will value our personal and professional relationships so much more, because we see that those relationships are the ones that pull us through the difficult times.

Relationships are in fact the currency by which we live now, yet we don’t often realize it. As we take stock in what we have now, what’s left, and what we need to rebuild, I hope we realize the true nature of the relationships we have and what they mean to us and our business.

I think Darik Eaton, owner of Seattle Oasis Vacations Rentals, summed it up well when he shared with me what occurred when he called his owners. He said “When reaching out to our management clients I was mentally bracing for impact. However, the relationships built over time are stronger than the disease and the economic impact both on our companies, and our owners.”

As a referral consultant, I see so often with clients that they put off the little things. The small touches that impact others in positive ways, and they often don’t put a great deal of value in them. That is until they need to lean on that contact. At that point, it’s too late.

If you are reading this now, and you think it’s too late, consider this . . . Now is the time to start spending just a tiny moment of your day and reach out to someone in your industry and help them when they may need it most. These tiny moments are deposits of trust in your contacts, and they grow over time, much like compound interest. Start making small, daily or weekly, trust deposits. As that trust compounds over time, you’ll be able to lean on your network of contacts to make a withdrawal in the future.

Use your time wisely after you are out of triage mode so that when it comes time to hit the Play button, you’ll be ready and rippin to go!

Let’s live each day, with a smile on our face, and pep in our step, and the outlook and belief that this industry will rebound better and stronger than before.

#WeAreVR . . . let’s get that trending!

Until next time, don’t forget to Live Happy, Smile A Lot, and Virtually #High5 Everyone Around You. 

Related ItemsCOVID-19Matt WardOpinion
Click to add a comment

Leave a Reply

Cancel reply

Your email address will not be published. Required fields are marked *

COVID-19
March 25, 2020
mm
Matt Ward

Matt Ward is a Professional Speaker, Author & Referral Consultant. He helps companies get more word of mouth referrals. He's originally from Hershey, Pa and loves Chocolate.

Related ItemsCOVID-19Matt WardOpinion

More in COVID-19

2022 Vacation Rental acquisitions from AvantStay, VTrips, Vacasa, Meredith, and more

Who Sold? Here’s What We Know: 2022 Vacation Rental Management Acquisitions

Amy HinoteJune 10, 2022
Read More

2021/2022 Ski Destinations Showing Big Performance Gains in ADR and RevPAR for Vacation Homes and Condos

Melanie BrownApril 1, 2022
Read More

“It’s like a short-term rental regulation pandemic.” 2022 Spring Vacation Rental Regulatory Trends + Fall Outlook

Paris AchenMarch 29, 2022
Read More

HR 2022: Attracting Today’s New Workforce after the Resignation Tsunami and the Great Renegotiation

Sue JonesMarch 23, 2022
Read More

5th Annual #BookDirect Guest Education Day, Feb 2: Why It Matters

Amy HinoteFebruary 1, 2022
Read More

Simon Lehmann and Nicolas Galantini: Harnessing Industry Recovery

Simon LehmannOctober 5, 2021
Read More
Scroll for more
Tap

Sponsor News

  • How One Vacation Rental Firm Finally Solved the Trust Accounting Problem
    BusinessJune 13, 2022
  • VTtrips Acquires Carolina Retreats, Silver Sands, Miss Kitty’s, and Tybee Vacation Rentals
    BusinessJune 7, 2022
  • Moneyball for Vacation Rental Managers
    BusinessJune 6, 2022
  • Is now the best time to sell your vacation rental business?
    BusinessJune 1, 2022
VRM Intel
Calendar of Events
Videos & Whitepapers
VRMintel Magazine
Subscribe
Advertise
About Us
Authors
Contact Us

Recent News

  • Why Not A Hotel? A Guest and Homeowner’s Perspective: There’s No Place Like Home … Or Is There?
    Customer Service for Vacation Rental ProfessionalsJuly 4, 2022
  • Aspen and Pitkin County, CO Limit Vacation Rentals to 120 Days a Year
    RegulationsJuly 1, 2022
  • Leading Proptech Company Guesty Appoints David Aber as CFO
    BusinessJune 21, 2022
  • Meredith Hospitality Brands Inc. Expands to Mt Hood with Acquisition of Mt Hood Vacation Rentals
    BusinessJune 21, 2022

View Current Issue

VRMintel Copyright © 2016-17 | Click HERE to Subscribe | Privacy Policy | Disclaimer | Copyright | Jobs | Facebook | Twitter | LinkedIn

The Importance of Deep Cleans – Let’s Get Real
Stay Alfred closes all properties for 8 weeks

xxx videos

  • mamadas
  • redwap
  • free porn
  • porno gratis