How Do I Get.My.Code.To Sccess A House Rently Vacation Rental Management – Preparing Your Property For The Rental Market

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Vacation Rental Management – Preparing Your Property For The Rental Market

The vacation rental market is one of the fastest growing segments of the lodging industry. If you own a home in a popular resort area, convert your property into a vacation rental and generate income when you’re not using it. Here are some suggestions to help you prepare your property for the rental market.

Local Regulation

The first step in preparing your property for the rental market is to find out the requirements of your local management agency. Some resort areas prohibit or restrict vacation rentals for less than 30 days. Transient Occupancy Tax, or bed taxes, must be collected on each reservation and forwarded to your local city or county. Many resort areas require that vacation rental properties pay registration fees and be inspected for safety issues before the property can be occupied. Know your local rules and regulations before you start renting.

Furniture and Decorations

Rental properties should have comfortable but durable furniture with fabrics that are easy to clean and resist stains. Used furniture is accepted as long as it matches and is in “like new” condition. Use commercial quality, stain resistant carpet in practical colors. White carpeting may look great in your own home but is not recommended for rental properties. High quality beds and bedding are a priority with mattresses that are firmer than soft. Hang colorful pictures and paintings that reflect your location or decorating theme. The kitchen should be fully equipped, just like your personal residence. Washers and dryers are highly recommended. Make sure you have enough dining and living room seating to accommodate the number of people you will be sleeping with.

Equipment

Popular amenities include: flat screen television, dvd player, pool table, Jacuzzi or hot tub, foosball table, board games, internet access, crib, books and magazines. Put together a notebook that details how to operate the property’s general systems and includes emergency contact numbers, brochures for local attractions, maps, and dining guides. Facilities may vary depending on your location. If your property is located near the beach, you can provide beach chairs and bicycles. A mountain property may have snow sled or fishing poles for guest use. Be creative and have fun with it.

cleanliness

Vacation rentals must be cleaned between each guest stay. Always give your cleaners a detailed list of your cleaning needs. Buy a second set of linens and have them ready for back to back reservations. Check the property after each cleaning to make sure it is ready for the next guest. Going the extra mile in this department will save you in the long run.

case

If something doesn’t work properly, or if the furniture is damaged, fix it right away. Even something as small as a light bulb that needs replacing can cause a guest to complain. Again, inspections are the key to avoiding headaches. Make a room by room, top to bottom, inspection list and always give yourself enough time to make the necessary repairs. Plan, and budget for, painting interior walls and replacing carpet and flooring every 3 to 5 years. You want your property to be occupied as often as possible and that means wear and tear. Deferred maintenance is part of the rental business.

Miscellaneous

Take good pictures of your property and post as many as possible. Photos are the best way to represent your property to potential visitors, whether online or in your brochure. Invest in a good camera with a wide-angle lens or hire a professional photographer. Keep a guest book at the property for guest comments and ask for permission to reprint their reviews. Remind your guests to review your property on Tripadvisor, Google, and Yahoo.

There are many details in managing a vacation rental. Take the time to prepare your property for the vacation rental market and it will be a rewarding experience for you and your guests.

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