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What Makes a Great Vacation Rental Succeed

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Real Estate Agent with Coldwell Banker Realty MD RE License 579412

What Makes A Great Vacation Rental Succeed

Vacation rentals aren’t for everyone.  They are more labor intensive to manage for one and there is more opportunity for vacancy so you need to make sure you make it attractive as possible to encourage people to stay with you and to extend their stay or come again.  Vacation rentals or destination rentals can be a great addition to your investment real estate portfolio and a destination for you or your family in the off season.

  1. Keep it nice and tidy.  Nobody wants to stay in a dirty place.  So, if you don’t have time to clean it yourself, hire a service to do it for you.  First impressions are everything and you don’t want your guests to feel like they have to clean it themselves.  It’s perfectly okay to ask that your guests clean up after themselves before they leave too.

  2. Keep it stylish.  You have to make your unit stand out from all the others to encourage reservations.  

  3. Keep the kitchen stocked with all the necessary supplies.  Keep the kitchen stocked with all the necessary items your guests might need to prepare a meal for their family and themselves.  You should also keep it stocked with cleaning supplies, light bulbs, candles and matches and flashlights in the case of a power outage.  

  4. Make it feel like home.  Be sure there is enough storage space for your guests to store their stuff.  It’s up to you if you offer towels and linens. Keep in mind towels will go missing as guests pack up and leave.  

  5. Create a checklist for your guests.  It is always a great idea to create and list of your personal recommendations on local tours, places of interest and things to do in and around the area. At the same time, the list should also include emergency contact information of hospitals, pharmacies as well as numbers of repair agency in case there is some repair work to be done.  Having a checklist of items you provide in your unit also helps you keep track of what is there in the event something gets broken or goes missing and your cleaning service will be better able to monitor the condition of the unit and what might need to be replaced between guests.

If you have a vacation rental you’ll want to keep it great to encourage guests to stay there.  Following these tips is a great way to keep your unit income producing now and in the future.

 

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Creating generational wealth, one home at a time. If you are thinking of buying a home,  did you know I can help you find a home for as little as $1000 of your own money?  Thinking about selling a home in  Maryland give me a call at 410-292-0100 or start your search here and I'll talk about the market conditions and what your home could be worth in today's marketplace if you are thinking of selling.  If you are considering buying a home, there is no better time than now to buy. The tax savings and wealth building alone are worth the plunge into today's market. Coldwell Banker and I are connected with some of the world's brightest and best real estate agents and can assist with your move here to Maryland or anywhere in the United States or abroad.  Ask me how.

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June Piper-Brandon ~ Associate Broker ~ MRP, AHWD, CDPE, ePro

Coldwell Banker

410-292-0100 - Direct   410-461-7600 Office

June Piper Brandon - Agent with Century 21 New Millennium

June Piper Brandon - Agent with Century 21 New Millennium

Comments(1)

Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

I don’t really know too much about this, but your enthusiasm is making me enthusiastic all the same! Good luck!

Nov 22, 2018 10:56 PM