Vacation Rental Management Association Introduces Right to Rent Program
WASHINGTON, D.C. (May 26, 2021) — The Vacation Rental Management Association (VRMA) introduces the Right to Rent program, powered by Inhabit IQ, as part of the organization’s ongoing effort to protect the rights of property owners to rent their vacation properties.
Right to Rent is designed to provide financial support for VRMA’s critical advocacy efforts on behalf of the entire vacation and short-term rental industry. Property management companies that opt-into the program will add a nominal fee to their bookings, then donate those fees to a fund that supports the fight against unfair regulations.
“COVID-19 has challenged the vacation rental industry like nothing else in history,” said Toby Babich, president of VRMA. “We continue to see increasingly wide-ranging regulatory and policy issues, including overreaching local policies, outright bans and unfair taxation. These temporary regulations are trending towards longstanding law if action isn’t immediate.”
Inhabit IQ’s integration software facilitates the Right to Rent program through an add-on donation per guest booking, typically included as an administration or program fee within the reservation.
“Inhabit IQ is committed to supporting important advocacy initiatives that benefit vacation rental businesses everywhere,” said Eric Broughton, Inhabit IQ’s chief strategy officer. “Right to Rent is an innovative solution that will help further protect the rights of professional vacation rental managers.”
Right to Rent donations will directly fund VRMA’s efforts to advance and build a stronger advocacy program for the vacation rental community, including:
- Professional Support: Defending businesses against onerous regulations;
- Issue Tracking: Tracking state and local regulations that impact the vacation rental industry;
- Response: Driving greater efficiency in responding to legislative concerns when they arise;
- Lobbying: Outreach to state and local policymakers;
- Communication: Positioning the local economic value of vacation rental properties; and
- National Focus: Strengthening national VRMA government affairs efforts.
All revenue generated through Right to Rent flow directly from the participating company’s general ledger to the VRMA Right to Rent fund as an ordinary month-end disbursement. The Inhabit IQ platform provides real-time reporting and tracking of all funds collected.
About the Vacation Rental Management Association
The Vacation Rental Management Association (VRMA) represents the vacation and holiday rental property management and hospitality industries. Membership includes professional vacation rental managers and industry suppliers. VRMA provides information and research, education and networking, certification and accreditation, promotes the value of the vacation rental experience and drives industry growth and professionalism. Discover more at vrma.org.
About Inhabit IQ
Inhabit IQ is a unique collective of tech-forward companies serving the vacation and property management industries. Our brands’ strategic partnerships deliver best-in-class software solutions and services while fostering innovation and collaboration with like-minded entrepreneurs and industry leaders. We believe that property managers should have the opportunity to choose platforms that best support their business goals and benefit from strategic partnerships across our ecosystem. To learn more, visit InhabitIQ.com.
Kevin Hurley, VRMA Marketing Director