Product Updates

Making Better Decisions With Guesty’s Reporting Tools for Property Managers

September 13, 2018 |
Make better decisions as a property manager with Guesty's reporting tools

It’s our mission here at Guesty to make life as a property manager easier, so that you can make your property management business better. From coming up with solutions to scale your business, or conjuring up creative ways for you to increase revenue, we’re often rattling our brains to save you time and money, so we make it our priority to evaluate each element of short-term property management.

One of the most forgotten aspects of your job is generating reports and it’s no wonder why. Your guests never see them, and they don’t say much about how you operate as a host, yet somehow these detailed records take up an exorbitant amount of your precious time.

Close your eyes for a moment and try to imagine how many reports you create each month. Okay, now open them so you can continue reading this. What if we told you there was a way to generate all of those tedious reports in the blink of an eye? No, we’re not pulling your leg, we’re talking about our highly developed Reporting Tools, designed specifically with you in mind.

Generate Custom Reports Without Even Studying

Every industry requires reports of some sort, and property management is no different. As a property manager, you can use data to help grow your business by understanding things like which rentals are more popular, and then using that information to answer what it is about those specific rentals that contribute to their high occupancy rate.

Guesty’s reporting tools can be filtered to show other intricate details like check-in time, how much a guest owes, exact addresses, and more. As a swamped property manager, these points are easy to overlook, but can really help you stay organized.

Let’s have a glance.

This report shows that most of the bookings came from Airbnb, and only one from CanadaStays. If a longer report showed that only a mere 2% of bookings came from CanadaStays, a property manager may decide that it’s not worth listing on that website or that they need to make more efforts elsewhere. This

knowledge of your properties will show you which channels bring you more guests versus which are less effective, and once you know that information you can decide which steps to take going forward.

Responsibility Begins With Accountability… and Reporting Tools

It’s your obligation as a property manager to make the best financial decisions for your business and the homeowners that put their trust in your hands. A rental costing you more money to operate than it’s bringing in on a month-to-month basis may not be worth keeping as part of your listing portfolio. Guesty’s reporting tools allow you to see and analyze, your successful listings, and those which can be improved upon. If your reports show you that a specific  few properties are routinely empty, think of ways to increase bookings for those rentals; perhaps you can rewrite the listing description, or market those rentals in an alternative way, like recording a marketing video.

How Do These Reports Actually Work?

By utilizing reporting tools you’ll be granted the luxury of viewing upcoming reservations, tasks which your staff need to complete, which channels are responsible for each booking, bills that need to be paid, how much you’ve collected from each rental, and more. The list can go on forever, but unfortunately this article cannot.

Put away your calculator and pencils, and open up your laptop. These exceptionally advanced tools can generate three different types of reports – reservations, listings, and tasks. There are four different categories to choose from – reservations, guest, listing and financials, and over 50 filters at your disposal. The combinations are infinite. Simply sort out what you want to see, depending on your needs at a given moment. All you have to do is check off the boxes and presto your spreadsheet is complete.

In many ways, this feature is like a guide for the rest of the Guesty platform. Our report generating tools grant you access to filter and sort data, save and share new reports, all from your computer. Have we mentioned how easy it is yet? Because it really is that easy.

The is no limit to the number of reports that can be created, because reporting is a never-ending task, especially when running a property management business. There reports are sharable, and you even have a few options of how to share them, and for how long others can access them. The only thing you have to do is decide who to send them to. Sound simple enough?

Reporting Tools That Allow You to Manage Better

The more properties you manage, the more time our reporting tools can save you. If you’re managing upwards of 10 properties, you are already spending days worth of time each month, but with Guesty, those can be done in a matter of minutes. By automatically generating reports you will save enough time to expand your business and focus on the personal aspects of property management, which we all know is way more fun than accounting anyway.

See Guesty in Action

Get Started