Thinking of renting your property? You are about to embark on an exciting journey. The vacation rental industry can be very lucrative, and you can be a part of this blossoming industry with your rental property.
More people than ever before are choosing vacation rentals over hotels. They choose rentals over hotels because:
• Rentals provide a greater value
• Rentals have more amenities
• Rentals are more spacious
• Rentals are private
As a new vacation rental owner, you will be tapping into an already established network of renters that are eager to find great rental properties like yours. There are countless people looking for vacation rentals right now, and we will teach you how to reach those people and make money with your property.
Before you list your rental property on a vacation rental website, you will need to decide how often it will be available for rent. That way, you will be able to handle inquiries in a timely fashion.
In order to decide how often you want to rent your home, you must determine what your goals are for the property. That way, you can set a schedule that will allow you to reach your goals.
Most people fall into one of three areas:
• Owners who want to make a profit.
• Owners who want to pay the mortgage and expenses of the home.
• Owners who want to cover their mortgage
Decide which of the three areas you fall into so that you can determine how many weeks out of the year you will need to rent your home.
Be sure to read my previous post on Peak Weeks and put the information together with this post so you can make a solid and lucrative plan for this coming holiday season.