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How to Start a Vacation Rental Business
Questions to ask yourself when making the decision to start renting your vacation home and running a vacation rental business.
| Here's a quick reference guide to beginning your vacation rental business. Vacation rental properties come in all shapes and sizes (single family home, condo, cabin, cottage, chalet, villa, apartment, estate, lodge, townhome, studio, castle, farmhouse, bungalow, and boat) and have different peak seasons (summer, ski, fall foliage, etc.). If you enjoy your vacation home, it's likely that renters will too! |
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The first step in starting a vacation rental business is putting together a business plan and purchasing a vacation property. The type of second home that you can purchase depends on the region. When buying a vacation rental property it's vital that you ask yourself a few key questions:
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After sorting out the legal side of things, it's time to figure out how you're going to run your business:
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Next up, make sure that you have the right amenities:
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Now it's time to advertise and pull in the renters:
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What other steps did you take before you started renting your vacation home?
"I met some of my neighbors that were already renting and talked to them to get ideas. I also tried calling some owners on VRBO, and a couple of them were more than willing to help me get started. Talking with other vacation rental owners really helped me to get a feel for where to begin." - Denise C., Scottsdale, AZ.
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© Copyright, HomeAway, Inc. 2008. U.081106.KD
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