August 05 2015
Client with a home that's not moving looking for tips to turn their home into a vacation rental? Sites such as Airbnb, VRBO and HomeAway provide easy access into the business, but there's more to vacation rentals than listing.
It's not that simple. Renting out your home is running a small hotel. It's essential to understand:
Does your client want to handle all the personal involvement of the rental process?
Listings must be priced right and in line with similarly sized/equipped properties in the area. To avoid overpaying, displaying listings on sites with pay-per-booking pricing models is recommended, so fees only accrue when the home is booked (no annual listing fees).
Handling cleaning, landscaping, pool cleaning and other needs in between rentals is time consuming and can get old real fast, especially if timing is hairy and you have one renter entering on the tails of the previous tenant. Consider hiring a reliable, professional cleaning service for fast, efficient maintenance.
To view the original article, visit the Properties Online blog.