There are a lot of ways to make money with vacation rental property.
Some people rent out a spare bedroom while others rent out their entire house. Some hosts even rent the place that they’re renting out on sites such as Airbnb.
Make Money With Vacation Rental Property
Here’s the #1 tip to make money with vacation rental property:
Greet Your Guests In Person
This is absolutely contrary to the smart lock trend.
The rationale for using a smart lock is that it allows guests the opportunity for late arrivals and early departures. And that’s a good thing.
But sometimes vacation rental hosts get lazy, or they’re too busy property managing other vacation rentals. So they use the smart lock as a crutch and don’t meet their guests in person.
Guests really appreciate a quick tour of the place and being able to put a face to the name of the host. After that a phone call or quick text message is all that’s needed.
Top Notch Internet Service
The #2 tip to make money with vacation rental property is to offer top notch internet service. That’s because virtually everything we do now days is on the internet.
People Skype and use Netflix all the time. Business travelers using vacation rental property as a home base often times need a speedy connection to hook up with the server at their main office.
Both experienced hosts and first time landlords will make sure the internet in their vacation rental is superior, and then tout that fact on their listing.
Including a screen shot of a Speedtest report is also a great sales tool.
Each vacation rental property market is different. There are always unique factors to consider when buying your first rental property.
But using these two examples of how to make money with vacation rental property will help you do just that, no matter where your vacation rental is located.
(If you’re not familiar with Airbnb, using this link will get you a $25 credit on your first visit anywhere in the world!)