iTrip - Franchise

About iTrip

The short-term rental industry continues to see high levels of demand. Many travelers prefer to stay in a short-term rental property over a hotel*. iTrip is a full-service, technology-driven, and home-based, short-term rental property management company with franchisees in over 110 seasonal and urban destinations. Our mission is to provide franchise owners with industry-leading technologies, proven processes, and expansive marketing strategies, so they can create a lifestyle business.

For more than 15 years, iTrip has helped short-term vacation and urban property management franchisees generate a residual, uncapped revenue stream in an industry seeing continued growth. Why not take advantage of a thriving business opportunity in a rapidly expanding industry?
*Source: iPropertyManagement.com

Why iTrip?
iTrip offers you a turnkey business opportunity that launches quickly. You are up and running in a matter of weeks!

• No experience required. State-of-the-art systems and proven processes.
• No products to buy, warehouse or distribute.
• No building to lease, no retail location. Home-based business.
• No accounts receivables. All bookings are prepaid.
• No employees required.
• Personalized, comprehensive training and support provided.
• All you need is a car, a smartphone, and a computer with a printer.

As experts in the short-term rental property management industry, we understand that technology is key to growing a business. That's why iTrip’s expansive array of digital marketing tools and technologies drive bookings and provide support to run an efficient and scalable property management business.

Here's what we do to help franchise owners drive growth and exposure:
iTrip properties appear on over 80 national and international listing sites, including Airbnb, Vrbo, Booking.com, Marriott Homes & Villas, and TripAdvisor, allowing properties to be seen by millions of prospective rental guests. These listing sites are iTrip Channel Partners and NOT COMPETITORS.

Frequently Asked Questions

What unique advantages do you have over other short-term rental property management companies?

The advantages offered are expansive:

• Full-time local owner/operator model, which provides a boutique-level service to property owners and visiting guests.
• iTrip properties are marketed more broadly and seen by more prospective rental guests and travelers due to our expansive marketing campaigns, which result in more bookings and more property owner revenue.
• Award-winning software platform to support all aspects of the business. For example, Vrbo Elite Software Partner recipient every year since its 2018 inception.

Technology is increasingly critical to this industry. Many short-term rental property managers do not have the resources to build or buy the technology needed today to drive their business. Since 2008, iTrip has been dedicated to ongoing research and development to support our franchisees.

iTrip was an early adopter of the importance of technology and automation in all aspects of our business model. Our focus has been on reducing traditional property management business expenses and operator time, while increasing efficiencies, to allow for ease of scalability.

How do you compete with Airbnb, Vrbo and other listing sites?
We don’t! These types of sites are referred to as listing sites or booking sites for short-term rentals. Airbnb, Vrbo and other national and international listings sites used by iTrip to showcase our available properties are channel partners, NOT COMPETITORS. This is comparable to how an MLS listing site is used for a property that is listed for sale. With access to over 80 listing sites, iTrip franchisees promote their properties under management to the largest distribution network for short-term rental properties in the industry.

What additional marketing strategies are used to attract rental guests?
Statistically, the more exposure a property has, the more bookings it receives, and the more revenue is generated for our franchisees and their property owners. Our multifaceted digital marketing strategies include search engine optimization (SEO), daily posts and blogs on major social media sites, pay-per-click (PPC) online advertising and more.

What is the initial investment?
The investment is $55,000 or $75,000 depending on the type of territory. Additionally, working capital will be needed as the business is launched. Working capital does NOT include living expenses.

Does this business require leasing or buying commercial retail space?
No. This is a major advantage of being an iTrip franchisee. Many franchise opportunities require a long-term lease or the purchase of commercial property. With iTrip, the overhead costs are low. The franchisee is not required to lease an office or buy property; or pay for added expenses such as furniture, equipment, tools, or vehicles.

Is this a good business for couples and families?
Yes, absolutely! iTrip offers an ideal family business opportunity. Additionally, the business may be used as a legacy and passed to family members.

What’s the role of an iTrip franchisee?
There are three drivers to an iTrip property management business:

1. bring properties under management,
2. get bookings for those properties, and
3. manage the properties (e.g., cleaning, linen changeover, maintenance, etc.)

iTrip franchisees receive ongoing training and support, including proven activities and strategies, to deploy in their market and attract properties to manage. iTrip drives the bookings for the properties, and the franchisee manages the service providers (contractors) who care for the property.

Support System and Proven Processes

iTrip originated in 2008 when our company’s founders identified a need for their own short-term rental properties but could not find adequate solutions in the marketplace. Unsatisfied with their property management options, fees, and owner restrictions, our founders created a full-service program that solved these problems and created more efficient processes to drive revenue. Today, iTrip franchisees manage short-term rental properties in over 110 markets across the United States.

Our hands-on experience and ability to replicate the model in subsequent markets serve notice to the experience you receive with your investment. Your ability to work with our team of support personnel and follow our time-tested processes provide a roadmap built on years of experience.