Homeowners can add valuable revenue to their
income by investing in vacation home rentals. Not only do they gain
the benefit of building equity over time, they also have the opportunity of
recovering some of the costs by renting out their properties in a nightly
rental program. With WWW.Vacation.Rentals homeowners are given a great
nationwide platform that showcases their homes to travelers around the nation
and internationally. Below are some of the steps they should take before they
embark on investments into the vacation home rental market.
1. RESEARCH LOCAL AND STATE LAWS FIRST
Before signing up with us we advise all homeowners to investigate whether or not nightly home rentals are even legal or not. Some subdivisions have covenants in place that expressly prohibit short term rentals and serious fines can result from violating these covenants. WWW.Vacation.Rentals strongly encourages all investors to do their due diligence first before investing.
2. INVESTIGATE SIMILAR VACATION HOME RENTALS
Chances are, if you are looking at property to
invest in, it is already located in a high tourism area. Speak to the neighbors
to get a better understanding of the rentals and how that might impact your
decision to purchase. Ask how many nights a year is typical, what the service
fees are, cancellations, etc. You might even get lucky and have them divulge
support information for maintenance that has to be performed on your rental
Vacation.Rentals has a great support system built in place for subscribers to assist them with realistic expectation and vetted solutions for common problems. All new homeowners are encouraged to join and participate.
3. PUT YOUR BEST FOOT FORWARD
Always make it a point to present your property
truthfully and accurately. Nothing will ruin a vacation quicker than arriving
at your destination and learning that the vacation home they rented is nothing
like the advertisement. If there is no sea-view from your balcony, do not show
a fake on in your images. Likewise, accentuate the positives of your property.
Show the nice interior décor and how it flows from the front door to the back. Show the resting places where guests can hang out and enjoy themselves. Being honest with the tourist will do more for your vacation home rentals than all of the listing sites in the world combined
4. DON’T HOLD BACK WITH THE WORDS
For most tourists, planning and setting up a vacation is a major expense, so they will want to make sure they have covered everything in detail to eliminate surprises. Spend time writing a large description of your property. Be very descriptive both with the interior and exterior when describing your vacation rental. Make sure to include things like interior stairs, steep hills, access to grocery stores and much more. The more information you provide to your guest, the better the entire experience will be for the both of you.
5. PROVIDE MORE THAN JUST AN ADDRESS
Almost everyone on the planet now uses Google to
travel. Giving your customers the longitude and latitude numbers is very
helpful to get them to their destination. If you do not know these coordinates,
make sure you give detailed instructions on getting to your vacation rental
along with a point of contact if they have any questions.
If you have a property manager who takes care of your vacation home rental, make sure to include their contact information as well.
6. TELL CUSTOMERS WHY THEY SHOULD CHOOSE YOURS
We know that you love your place – now tell the customers why they would love it as well. Is it close to the lake? Is it close to the amusement park? Is there shopping for groceries nearby? What about gas stations or boat rentals? All of the things that you know and appreciate needs to be conveyed to your customer when they are deciding on a vacation home for rent.
7. LIST ALL OF THE AMENITIES
Vacation.Rentals has a heavy library of available amenities to choose from when listing your home for rent. Make sure to go through each of them at the time of subscription to add as many as possible to help your guests make a better decision. Not checking off the amenity on your property may make the difference between getting a reservation or not. Some of the most critical you need to address are:
8. SHOWCASE YOUR PROPERTY WITH GREAT IMAGES
If there is nothing else you do, make sure you post the best and brightest photos of your property! Even if you overlook something in your listing, more than likely your customers will catch it in your photographs. Vacation.Rentals advises that all properties should be professionally shot if feasible to show off your rental the best way possible. If you cannot afford a professional photographer, here are some basic tips you can do to help your property get noticed.
Always use the maximum lighting possible. Sunlight is perfect but
only if the position of the sun does not cause long shadows. Ideally photos
should be taken between 12 p.m. and 3 p.m. as that is when the sun is most
directly overhead and will not cause long shadow tails in your photos.
3. Use a wide angle lens if possible but don’t go too extreme. You want to show the open space of your property without distorting or misrepresenting the space. Investing in a wide angle lens will help to capture the entire space with only the slightest distortion possible.
4. Don’t go for closeup “fancy” shots. Having a wine glass front and foremost may be nice for an artistic touch, but it does nothing for the traveler when they want to see how big the dining room table is. Step back and capture the room in its entirety when possible.
5. Always take photos of the outside as well. Customers want to see what the lakeview looks like, or how close is the house to the pool. Is the property located in the city limits or is it secluded in the forest? Again, make sure to convey your property accurately to travelers for a pleasant experience for both of you.
9. CLEAN, CLEAN AND CLEAN SOME MORE
Make sure your property is impeccably cleaned. Nothing will turn off a potential client faster than a vacation rental that looks sloppy. Take the time to arrange the flowers, straighten out the bedspreads, tighten the pillows and dust if necessary. Try to make the interior of your vacation rental look as fresh and close to new as possible.
If you follow many of these tips, your chances of being a successful investor in the vacation home rentals market should be good. There are many other factors to consider but proper planning in the initial stages will help to ensure a nice start. In short order you should see immediate results and begin bringing in revenue with your vacation home rentals.
10. HAVE A POINT OF CONTACT AVAILABLE 7/24
Travelers don't have a front desk when they are staying in your home. They also don't have concierge service. You are making the conscience decision to be in the nightly rental business and as such are agreeing to take on these roles for a service. Be prepared to answer questions regarding nearby grocery stores, hospitals, repair of faulty appliances, etc. Simply giving your customers the keys and collecting their money is almost guaranteed to backfire.
Th This is a very rewarding and lucrative investment. Going the extra mile to take care of your clients will ensure that you are successful for many years.
KEY WORD: vacation home rentals