6/23/2020
Preparing Your Vacation Home For The Summer | Chelsea Herring | Real Estate Vacation Rentals
a Preparing Your Vacation Home For The Summer by Chelsea Herring | Jun 23, 2020 | Real Estate Vacation Rentals
The American dream used to be owning one’s own home. For roughly 5% of the population, that dream has expanded to include a second residence. This can come in very handy if you’re not planning on using it over the summer and want some extra income. Before you dive into the world of vacation rentals, however, there are several bits of due diligence that lie ahead. The rst thing you want to do is con rm that you are allowed to rent. If you belong to a home owner’s association, check the rules regarding residents and rentals. You also need to con rm any zoning laws and taxes for your area and secure all rental insurance prior to launching into any rental ventures. In addition, you will need to research all safety protocols such as handrails and pool fences to maximize your renter’s safety. Once you’ve established the legalities of your situation and found everything to be in order, it’s time for further research. https://chelseaherring.org/preparing-your-vacation-home-for-the-summer/
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6/23/2020
Preparing Your Vacation Home For The Summer | Chelsea Herring | Real Estate Vacation Rentals
In order to ensure you are on par with other rental properties, check the pricing in the area for comparable rates. Make sure you highlight not only the square footage but also the things that appeal speci cally to the summer vacationer demographic such as the number of rooms and beach proximity as well as highlighting any amenities that will appeal to a summer crowd. It’s also very important to choose the method you use to advertise. Find out where your potential renters are most likely to browse for listings so you get maximum visibility. While it is true that people who are searching for a vacation rental look for speci c things, it is also a fact that rst impressions count for a lot. High-de nition photos of your property and a full video tour will put you ahead of the game because people will be able to envision themselves already there. Contrary to popular belief, renting out a vacation home is a continuous responsibility. You have to be on-call for all of your renter’s needs. Because of this, many property owners choose instead to utilize a third-party property manager. They will take care of the exchanging of keys, the inspecting of the property, the cleaning, and any maintenance issues. While the property manager will collect a portion of your rental fee, many believe the cost is worth the lack of stress.
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6/23/2020
Preparing Your Vacation Home For The Summer | Chelsea Herring | Real Estate Vacation Rentals
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