If you have a vacation rental that you like to rent out to short-term renters, you will want to ensure that you make enough money off your vacation rental so that it pays for itself. To make the most money from your vacation rental, you need to know how to handle it.
Step #1: Hire a Professional Property Manager
If you don't live in the area where you have your vacation home, you will want to hire a professional vacation rental property management company to manage your property for you. A property manager can help you with various aspects of the rental process. They can help take care of cleaning and maintenance at your property. They can interact directly with renters, helping them reserve your home and answering any questions about the rental process. They can collect rental money, schedule cleaning, and ensure your occupancy taxes are paid.
If you don't have experience handling a rental property, hiring a property manager who can be present and respond to rental inquires can help you increase your income from your rental.
Step #2: Clean Up Your Place
Second, you are going to want to clean up your place. You are going to want to depersonalize the space, getting rid of personal pictures and mementos. You are going to want to make the place feel cozy, though. You may want to put up pictures of local attractions, for example.
You want everything to be clean and organized. You want people to be able to find what they need on your property easily. That will help you get better reviews and thus allow you to attract more renters.
Step #3: Get Professional Pictures
Third, you will list your rental online, and you are going to need pictures for your listing. This is not the time to use pictures that you took yourself with your smartphone. If you want to make money with your rental, you need professional pictures.
You will want to hire a professional real estate photographer who takes pictures for real estate listings. They know how to take pictures of the interior and exterior of a home and show off the space's best features. Having enticing professional pictures significantly increases the chance the people will want to rent your home.
If you want to increase the money you make from your rental property, hire a property management company to handle the property. Clean up your place, and make it more organized so that renters can easily find what they need. Then, get professional pictures taken of the property to help you increase your rental bookings. These tips should help you attract more renters and get better reviews, which should all lead to improving your rental income.