When you purchased your vacation home in the location that suits best to you and your family, you might want to rent your home. By renting out your vacation home, In this article, I am going to give you a few steps to guide you on how to start renting out your vacation home and making money.
First of all Find a Good Property Manager
I know you can save a few dollars a month by managing the vacation home yourself, but unless you live close by, I would strongly recommend finding someone local who can look after your property for you. One of the best ways to find a good property manager is to call some of your neighbors who rent their units out and ask them for recommendations. Usually the same neighbors will give you a list of the good property managers in the area and the ones to stay away from.
Know How to Market Your Property
The key to making sure your unit always has guest in it is to make sure Travelers to your area know about your property. Here are a few ways I recommend to market your vacation home:
Most property managers can assist you in booking your vacation home, and when you are interviewing them, be sure to ask how they are going to market your property. You should also ask how many nights they aim to have your place occupied on a yearly basis. Make sure that they are going to get you some business in the off-season as well as the high season. A lot of property managers talk a good game, but they really only get bookings during high season.
Many Community Websites or private vacation home owners set up community websites for people to list their vacation homes for rent. These are extremely good places to list your property.
VacationHomeLettings & VacationNHoliday.com
These are great places to list your vacation home, but make sure you have enough time to manage the bookings. Getting a booking for your vacation home is not as easy as it sounds. Potential guests usually call during working hours, and if you let these guests go to a voicemail and call them back at 5 p.m., you are going to miss out on most of these guests.one things more you must have to find
Tell Friends & Family
It is really easy if you explain to them up front that you rent your house out to offset your expenses so you cannot just give it to them for free. But friends usually like doing business with friends.
Take Great Pictures
Before you list your house online, you should have a professional photographer take pictures of your house. This should run you around $100 to $500, but as they say, a picture is worth a thousand words.
Get Paperwork in Place
Before you start renting your vacation home , you need to make sure you have a contract or a written agreement for you to send to a guest once they have put down a deposit. You can usually find these documents online for around $10 to $15.