So you just bought your first investment property. Do you want to turn it into a short-term rental for vacation rental hosting?
Many new investors are coming into the vacation rental management space. With housing prices continuing to appreciate, it's a solid way to bring in more money as the value of the property increases.
So how do you become a master of vacation rental hosting? Read on to learn about some of the top considerations.
Communicate With Guests
Guests will not want to book with you again if you can't respond to a message. It's important to emphasize your availability. After all, you are hosting them at your rental property.
Provide multiple ways for vacation guests to communicate with you. For instance, if they don't have data, they can still reach you through a phone call or text message.
Anticipate Guests' Needs
Your guests shouldn't have to ask for needed items in their short-term rental. Provide essentials such as toiletries and snacks so they are completely comfortable.
Always keep more on hand than you think you will need. It is better to have too much than too little. You should also include straightforward directions to your guests for how they can locate these items.
Outsource the Work
If you don't want any involvement in vacation rental management, a property management company is the right solution for you. A property manager can take care of any tasks for your vacation rental guests.
Although you will have to pay extra for a property manager, they can buy you back time and free up your resources for other activities. For instance, you can look into building your portfolio even more or investing in other areas.
Be Flexible
Flexibility is one of the best features you can have as a property manager. It's also a great thing to note in your vacation rental marketing strategy.
Ask your short-term rental vacation guests when they need to check in and out. If possible, try to accommodate for those times. The last thing they need is to wait around for your property to be ready.
Provide Information
A guidebook is always helpful for any Airbnb rental. Give your guests a good idea of the area. Feature things like local restaurants, entertainment, and unique things to do in your city.
The internet is a great resource for things to do, but putting it in an accessible binder or packet is a thoughtful gesture.
Perfect Your Vacation Rental Hosting Today
If you're new to vacation rental hosting, you shouldn't worry about whether you will be good at it. Use this guide to improve your hosting skills for your short-term rental.
Are you a property owner in Lake of the Ozarks, MO? Are you interested in vacation rental management? Consider working with PMI Lake of the Ozarks.
Located in Osage Beach, MO, we have the right combination of market knowledge to assist with all of your property management needs. Contact us today to get started or request a free consultation.
