Vacation rental properties, such as those listed on VRBO and AirBnB, can be a great way to earn additional income and provide travelers with a comfortable and affordable alternative to traditional hotels. However, owning and managing a successful vacation rental property takes more than just listing it online. Here are a few tips to help you get started, also be sure to scroll down to the bottom of the article to see all active vacation rentals listed in our market area and call us for a private showing:
- Location, location, location: The location of your property is one of the most important factors in determining its success. Look for properties in popular vacation destinations with a high demand for rental properties.
- Invest in the property: Make sure your property is well-maintained and equipped with all the necessary amenities. This will help attract renters and increase your chances of getting positive reviews.
- Set competitive prices: Research the prices of similar properties in the area and set your prices accordingly. Make sure they are competitive enough to attract renters, but not so low that you're not making a profit.
- Promote your property: Use social media, online advertising, and word-of-mouth to promote your property and reach potential renters.
- Provide excellent customer service: Respond quickly to inquiries, be available for any issues that may arise during a renters stay and provide clear check-in and check-out instructions.
- Be flexible with rental dates: Be open to renting your property for different lengths of stay and during off-peak seasons. This can help fill any gaps in your rental schedule.
Managing a vacation rental property can be a lot of work, but with the right approach, it can also be a great way to earn additional income and provide travelers with a comfortable and affordable alternative to traditional hotels. Keep these tips in mind and you'll be on your way to owning and managing a successful VRBO or AirBnB."
Click here to see Active VRBO's for sale in the 300K-400K Range
Click here to see Active VRBO's for sale in the $400K-500K Range
Click here to see Active VRBO's for sale in the $500k to 600K Range
Click here to see Active VRBO's for sale in the $600K to - 800K Range
Click here to see Active VRBO's 800K + Price Range
YouTube Video describing how to Finance your Investment Property