Are you ready to make a short-term rental investment? Here are nine pointers for effectively managing the properties and getting the most out of your investment:
1. You should be set on the property maintenance front if you’re using a short term rentals management solution like Vacasa or Turnkey.
2. Photos are one of the most important factors in deciding whether or not to reserve a short term apartment rentals.
3. Free parking, a fully supplied kitchens, complimentary alcohol, Netflix accessibility, local guidebooks, high-quality linens, and other perks all contribute to return visits and great feedback.
4. Excellent ratings can mean the difference between such a potential visitor staying with you or picking a rival in the area of the temporary houses.
5. Nobody likes to rent a temporary house with dripping taps, chipped painting, musty restrooms, or a malfunctioning air conditioner.
6. Make an effort to keep your utility bills low – after all, you are the one who pays them. Replacing incandescent bulbs with LEDs is one of several simple and cost-effective actions to take.
7. Plan and budget for the numerous expenses associated with managing a short term lease property, such as utilities, taxes, rental coverage, furnishings, and a regular cleaning service.
8. Consider forming an LLC for the short term lease business to decrease your liability risk.
