With the vacation rental industry rising it is a rewarding idea to start investing in a rental property. You could either adjust your primary, current residence into a vacation rental. Or if you have a secondary house in the countryside (or in a busy metropolis) you could transform it in a rental property. Sometimes, people even plan on buying suitable property with their life’s savings as a retirement investment plan!
At VR Assist, we are striving to become the country’s most reliable vacation rental consultancy! We render premium rental assistance with the help of our competent solutions for not just the property owners, but tenants likewise.
A capable vacation rental property consultant would make sure you get the best out of this new thriving venture! You know you’ve got a good one when they just not only possesses the expertise to help you stage and host your rental to the clients. But also, how to manage and maximize your return on investment (ROI), the profit that is!
Preparing and Staging Your Rental
The most important thing after choosing the best property spot for your rental, it is now time to prepare the house! Your aim should be to make it as comfortable and accessible for your tenants― add, improvise and revamp for better results!
Keep improvising your rental based on the types of clients you’re getting each time. For instance, you should make sure it’s comfortable and accommodating for kids when a family comes over! Add a pool table, game console, foosball, or any other board games.
Always make sure that the kitchen and the bathrooms of your rental are spotlessly clean and hospitable. Each time make sure new clean towels and curtains have been put in the bathrooms. You could make it more presentable by adding in scented candles and boutique soaps. The kitchen could have extra other equipment such as a hand mixer, if anybody has plans of celebrating a birthday during the time of the stay.
Manage And Maximize Your Profits!
Make sure you lower the prices when the rentals are not high in demand― not during the holiday season when the demand is high and people are travelling places! And the prices should be adjusted with the number of days for the stay. Responsibly educate and charge your clients of the occupancy taxes. Make sure you have a rental permit or a license for your vacation rental!