Let our customers speak for us.
Short-term Vacation Property Management
Lotus Management Group has over 5 years experience managing vacation and Airbnb alike short term rentals. We are a diverse team of data driven professionals who have combined our experiences in software development, business analytics, hospitality management, and digital marketing to maximize your returns and 5 star guest experiences. From initial listing to maintenance and management, our team creates a 5-Star experience for guests and unparalleled ROI for owners.
Steve & Chloe
Steve and Chloe are not novices to the short term vacation rental market; having purchased their first investment property in Canmore back in 2014, Steve and Chloe already had some of the highest performing AirBnb units in Canmore when Lotus management began working with them. So how were we able to add value to their already successful business?
Having already built a successful business and brand behind their super host status and hundreds of 5 star reviews, we focused on the smaller details with Steve and Chloe to elevate their already high performing units. First we had to ensure that our guest experience and communications matched and exceeded Steve and Chloe’s high standards; we were able to reduce average host response time to under 10 min one month after onboarding, this allowed Steve and Chloe to turn their phones off and take an extended vacation oversees for the first time since they began hosting.
We were also able to alleviate some of Steve and Chloe’s biggest pain points previously by contracting reliable and high quality cleaning and maintenance personnel. The area where we made the most improvement upon Steve and Chloe’s already high performing units was in our dynamic pricing strategies. We took an analytical data science approach to pricing Steve and Chloe’s units, taking into account factors such as local events, hotel availability, historic and current market trends as well as international holidays and such. Ultimately, we were able to increase their off season revenue by more than 25% over previous years with our dynamic pricing changes.
Brian
We first began working with Brian and Emily to help them manage their residential long term rental and to find a tenant for 2019. When they decided to sell in 2021 and invest in a short term rental property, Lotus was able to help Brian and Emily find the right revenue generating property in Canmore and help them set up necessary permits and licenses to begin operating a short term vacation rental property on AirBnb. In the first year of operations, Lotus helped Brian and Emily reach super host status as well as exceeding the initial revenue estimate by more than 10%.
More recently, we helped Brian and Emily renovate and redecorate their unit to modernize the space as well as creating a new set of photos for their listing. Currently, Brian and Emily are finalizing the purchase of a second unit in Canmore and we are excited to help them grow their vacation rental business.
“Since we began working with Lotus Management, they’ve been able to not only increase the volume of guests booking but also the average daily rate, which have been instrumental in increasing our revenue and profit margins. Allan and the Lotus team do a fantastic job managing and communicating with the guests, as made evident by all the 5-star ratings and consistent praise we receive in the guest reviews. Most importantly, they make the process extremely easy for the host, as they offer a true plug and play solution to those who don’t want the unforeseen nuances of managing their own rental property. Our partnership has freed up my time while continuing to enjoy the benefits from renting my property. Allan has proven to be a great communicator, reliable and very professional in his dealings with me and with the guests at my rental.”
Shawn
Testimonials
“I originally began working with a well known rental and management company and unfortunately that was not a good fit. I found that the average daily pricing was too low, the reviews from guests were consistently poor - mainly cleanliness issues - and communication with my rep was non-existent. I found locally based Lotus Management through a referral and after over 6 months partnering with them, I have never been happier. The profits are significantly higher, property reputation is a solid 4.95+ across all the platforms and I do not have to keep a watchful eye on the performance. I’d recommend Allan and the Lotus team anytime to anyone who wants to grow their short term rental business.”
Ada
Book a free consultation with us today!
Each property has unique characteristics which will have a material impact on its revenue potential. We have developed revenue projection models and calculations specifically for the Calgary and Canmore markets. With this, we can provide you with a 12-month revenue projection so you have an idea of the full financial picture before you begin.