Top 10 Vacation Rental Resolutions
It's almost the New Year and is the perfect time to set some vacation rental goals for 2007.
1) Don't underrate your property. Look at the competition in your area and make sure that your property is competitively priced. You don't want to overcharge and miss out on potential renters, but you don't want to undercharge and lose income either.
2) Take photographs that showcase your property's best side.
3) Show your appreciation for housekeepers and maintenance people who go above and beyond your expectations.
4) Likewise, fire housekeepers and maintenance people who are unreliable.
5) Keep in touch with past renters. Nothing is easier than booking a repeat renter. Stay in touch to keep your property fresh on your past renters' minds.
6) Get to know other vacation rental owners in your area.
7) Do those little renovations around your property that you've been meaning to get to.
8) Always respond immediately to inquiries. Potential renters are likely to go with the property owner who gets back to them the most quickly.
9) Update your property headline regularly.
10) Keep your availability calendar up-to-date.
Recently Added Articles to the Owner Community
The Fair Housing Act and Vacation Rentals: Does the Fair House Act apply to vacation rentals? And if so, how should vacation rental owners treat potential renters according to the act?
How to Encourage Repeat Renters: Having a past renter come back to your vacation rental property makes good business sense.
Making the Switch to Rent By Owner: Renting your vacation property yourself is easier than you'd think.
DVD Libraries: Having a wide variety of DVDs available to your renters is a much-appreciated amenity.
Owner Tip of the Month
"I always call renters the second that I receive their inquiry. Even if they don't remember my property right away, I have the advantage over other properties they might have inquired with because I took the initiative first. And by calling them, they're put in the mindset that a decision needs to be made."
-Susie, Bonita Springs, FL
Have a tip for other owners? Send us an email.
Great Products for Your Vacation Rental Home
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AeroBedŽ Deluxe Guest Bed: Adding an extra bed to your property can boost bookings.
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GE Supra Lockbox: Installing a lockbox will make your life easier.
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Crown Molding Kit: This kit contains enough peel and stick crown molding to outfit a 17' x 17' room. Crown molding can instantly class up a room and could give you a leg up on other vacation rentals in your area.
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