Mike Harrington is the CEO & Owner of Carolina Retreats, a specialty lodging and vacation rental management firm serving more than 300 vacation property owners throughout the Cape Fear region. Before founding Carolina Retreats in
What we know is that the pandemic has created many “converts” out of guests that would previously have never considered a vacation rental. Because there are many advantages of having a com ...
The pandemic took the wind out of all our sails. When it swooped down in March of 2020, it was terrifying to many. COVID upended nearly every aspect of our lives and made us question choices we previo ...
Carolina Retreats is at the forefront of integrating automation and technology into the vacation rental industry. Many changes have occurred in the last 20 years and operations have become ...
The vacation rental business has seen many, many changes in the last two decades. The industry has grown from an alternative vacation option, made up exclusively of small “mom and pop ...
Carolina Retreats is the premier property management company here in Coastal North Carolina. As a property owner’s advocate, we take real responsibility when it comes to all facets of ...
As a professional property management company, Carolina Retreats takes nearly every burden away from the property owner. During hurricane season, the saying goes, “It’s hard to ...
Part One: The Property Manager’s Role In A Successful Vacation Rental Property We’ve seen it time and again. A real estate investor purchases a property, with the intention of ...
Part III - Design Trends Today’s Short-Term Rental (STR) industry must be innovative and fresh. Under the mission of hospitality, STRs must respond to trends and guest demands. One area ...
Part II - Guest Expectations Our industry, the Short-Term Rental (STR) industry has changed dramatically since COVID and the advent of work from anywhere. That transformation has impacted fac ...
Part I – How Times Have Changed It used to be that a clean rental with included linens, enough dishes, and a TV was enough. A few books and/or games was a welcomed extra, but not expected. &nb ...
As we enjoy this fall season, it is important for vacation rental owners to continue to increase investment income. Maximizing tax benefits and understanding deductions can significantly boost off-sea ...
As we dive into this year’s fall season, we continue to focus on creating a healthy work-life balance. Many continue to work from home and search for a getaway where they can experience a new pl ...
Fall is officially upon us, but for vacation rental owners, this doesn’t mean that your investment income has to wane. A few refreshes, re-dos, and amenity additions could go a long way in boost ...
We’re in the middle of Hurricane season, but storms aren’t just seasonal things we deal with on the coast, here in North Carolina. If you own a vacation home, then you’re constantly ...
It is no secret that the real estate market is hotter than it has been in over a decade. A lot of factors seem to be playing into this. Record low interest, a squeeze on inventory, more and more peopl ...
Vacation rental revenue management is a broad field and setting a pricing strategy is no small task. It’s kind of like the early scene in The Lion King, when Mufasa takes Simba to the top of Pri ...
Owning investment real estate comes with its share of highs and lows. The joy of providing an exceptional hospitality experience and a knack for hosting can be very rewarding when you have guests that ...
The vacation rental market has made a few twists and turns along its journey over the last two decades. The industry has grown exponentially, with independent hosts, small property management companie ...
Last year around this time life as we knew it came to a screeching halt. One minute all was normal with kids in school, people planning their summer vacations, and going about their daily lives. And t ...
The key to optimizing a vacation rental property's performance? It’s all about understanding the Big Three: Occupancy, Average Daily Rate, and Revenue Per Available Rental Night. Identify ...
Questions Every Vacation Rental Property Owner Must Ask a Potential Property Manager If you own a vacation home, then you know that you can’t trust just anyone to manage it for you. Vac ...
By now most anyone slightly involved in short-term vacation rentals has at some level engaged with AirBnB and VRBO. While there are others like them, these two companies command the lion share of atte ...
In part I of this series we looked at detailed ways you can enhance your vacation or short-term rental properties to appeal to guests year-round. In today’s highly competitive onlin ...
If you have a home at the beach, it’s usually pretty easy to attract guests to your property during the summer months, but are you maximizing your home’s potential for guests year-round? ...
If you own a vacation or short-term rental, you know that maintenance and upkeep are always important, and at times, they can be overwhelming. But part of the value of enlisting a property management ...
Need a Fall Getaway? Let’s face it, the enduring COVID-19 Pandemic has weighed heavily on all of us. But Fall is a perfect time to visit the North Carolina coast because the water is still warm, ...
It’s been shown that when times are volatile, and investors feel uneasy about the current and near-term future stability of a market, they flock to safer investments. Gold, silver, cash, and Bit ...
While North Carolinians living in urban areas are speeding forward on the information highway, many of their rural neighbors – some 226,000...
Morgan Milne said he’s dedicated to providing quality produce for the community to enjoy, and his farm, Red Beard Farms, is already making s...
Kim Hufham, president and CEO of the Wilmington and Beaches Convention and Visitors Bureau, said business travel to the area has started to...
The 2022 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.
