There’s never been a better time to own a vacation rental property. COVID-19 skyrocketed the popularity of the hosting services Airbnb and Vrbo to new heights. People are finally making a solid supplemental income from their rental properties.
If owning a vacation rental property is a dream you’d like to make come true, then you need to be sure you do it right. Read on for some awesome ways to ensure that your rental property generates healthy profits.
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1. Choose the Right Location
The first thing you can do to ensure your vacation rental property gets booked is to make sure that it’s in an ideal location. A vacation rental in a town or city that no one ever visits isn’t going to generate a ton of income.
If you’re going to buy near an attraction, try to find a property that’s convenient to that location. For example, if you want to advertise your rental property as within proximity to Disneyland, don’t buy an investment property in Hesperia. Generally, properties within walking or Uber distance of the attraction do the most business.
2. Marketing Your Property
You’ve purchased the perfect investment property in the right location. You’ve even got it all set up for your guests. Now it’s time to take pictures of it to post on the rental websites.
Taking photos yourself is a quick and easy way to get your listing up and rolling, but unless you’re a professional photographer, you might struggle a bit getting bites. On websites like Airbnb, listings with professional photos get far more attention than those with DIY photos.
On top of that, be sure to put some work into the description of the property to really grab the reader’s attention.
3. Make Your Rental Properties an Experience
One of the biggest reasons why people choose to stay at rental properties over hotels is because they offer the comforts of home, even when they’re on vacation. Everything you can do to enhance that experience is sure to drum up positive reviews.
Doing things like stocking the kitchen with bottled water and welcome baskets goes a long way. Keep plenty of board games or video games for entertainment, and you’re bound to get solid reviews.
4. Outsource Labor Whenever Possible
Owning a vacation rental property is a lot of work. You don’t have to do it all yourself.
Consider outsourcing things like housecleaning to companies like Kathleen’s Cleaning Service to ensure that your space is perfectly clean before your next guests arrive. It’ll save you time and stress, and it’ll impress your guests.
Make Owning a Vacation Rental Property a Breeze!
For many people, owning a vacation rental property has always seemed like something out of reach. With the rise of online platforms like Airbnb, it’s become a dream that’s actually achievable. As long as you follow these tips and prioritize the happiness of your guests, your vacation rental property is sure to be a success!
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