In today’s episode, Alex and Annie welcome Steve Milo and Miriam Ramsey, the Founder/CEO and Regional Business Development Director of Vtrips respectively. They discuss the latest trends observed from the IMN Conference, the latest headlines from Vacasa, the new purpose-built cabins of Vtrips, fighting for smarter legislation, and organizing people in the collaborative committee of the Vacation Rental Management Association (VRMA).
Inside Current Headlines
Steve shares his experience as a panelist at the IMN Conference which was very different from the traditional vacation rentals conferences, with a much more investor-heavy crowd. He also points out how they’re proactively lowering their ADRs to get occupancy, while Miriam highlights how important it is to communicate with homeowners this year in an unpredictable travel economy.
Steve discusses how he helped set up the Texas Professional Vacation Rental Coalition. This organization is now lobbying for a bill that preempts local governments from regulating vacation rentals so we can be treated more like hotels, bed and breakfasts, and timeshares. Steve also brings to light the VRMA collaborative committee the vacation rental industry in lobbying for smart regulation.
Find out more about Steve and Miriam's industry insights and Steve’s health tips in this latest episode of Alex & Annie: The Real Women of Vacation Rentals.
Steve: The IMN Conference in Miami pulled in a lot of investors
"In the course of two days, I met so many people representing funds, in some cases small funds, large funds, in some cases multi-billion dollar funds, who were all looking to get into the short-term rental on the asset side. So they were looking to like, how do we buy large pieces of vacation rentals? And then, I'm sure you heard the same thing, Alex, some of these people who already had vacation rentals, large portfolios of vacation rentals, and they were trying to figure out, well, how do you manage these?"
Steve: Join the VRMA to lobby support for the vacation rental industry
"The VRMA, because they raised so much money last year, is even giving grants to state coalitions and to local communities that are forming alliances like Tybee Island to try to fight some of these bad regulations. But the VRMA exists and so I hope more people join the VRMA. Membership is not expensive and attends some of these conferences like the one in Kansas City that I'm going to see Alex at and I'm going to participate on the collaborative committee in person there."
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Find out more about Vtrips: https://vtrips.com/
Check out our previous episode with Steve, our most downloaded episode of 2022 here.
This episode is brought to you by Casago, Guest Ranger and Good Neighbor Tech.
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Steve Milo is the founder and CEO of VTrips, a growing and innovative vacation rental management company which leverages technology to maximize occupancy, revenue growth and profitability. Mr. Milo is a graduate of the University of Virginia, McIntire School of Commerce and previously held several senior level ecommerce and internet marketing positions before forming VTrips and Vacation Rental Pros. Steve Milo is considered an industry thought leader regarding the evolution of the highly fragmented Alternative Accommodations industry, and is a key note speaker on the subject at conferences throughout North America and Europe.