Before renting out a vacation home, you must do several things if you want to get good results, but where do you start?
Renting out your home to vacationers is an effective way to earn passive income. However, without doing the correct things, you may end up wasting both time and money.
Here at PMI Santa Fe, we assist all types of short-term rental owners with their properties, so we can help you break into the industry.
Keep reading to learn about the main steps for listing your home for rent!
Choose Online Listing Platforms
Before renting out your home, the first thing you must do is choose the platforms that you'll list it on.
A variety of rental platforms exist that allow you to target all types of renters. However, some platforms, like Zillow, are dedicated to long-term stays. If you want to focus on vacationers, you should use platforms like Booking.com, Airbnb, and Vrbo.
Keep in mind that using several online listing platforms is a great way to spread visibility, but managing bookings may be harder. Because of this, consider starting with only one platform until you get more experience.
Hire a Property Manager
After choosing the platforms you'll use, the next thing to do is to hire a property manager.
Property managers can handle most of the time-consuming tasks involved with renting out a home to vacationers. Some of the main things they handle are marketing, finances, cleaning, and maintenance.
Not only can a property manager control your property for you, but they will also offer advice on how to get the best results. For example, if they think your property will perform better on Airbnb instead of Vrbo, they'll let you know why.
When creating a listing, you can expect them to include an interesting description and high-quality images of your property. They will also consult with you to set the price that will quickly attract guests shortly after listing it.
Research Local Laws
Another important thing to do is research local laws regarding short-term stays. This will help you avoid fines and other punishments when renting out your property.
Santa Fe's website has several resources to help you learn about proper insurance, licenses, and more. If you have any issues with something, a property manager will help you. When working with one, they will ensure that everything is done correctly.
Listing Your Home for Rent Is Simple with PMI Santa Fe
Now that you've read this guide, you can see how simple it is to start listing your home for rent. However, if you want to get the best results, we encourage you to use our services.
PMI Santa Fe has worked with a variety of clients over the years, so we understand what each property needs for optimal success. No matter how much experience you have in short-term real estate, we can help you earn more money than you ever have.
Contact us now when you're ready to start earning more in Santa Fe.
