Owning property rental for vacations is a lucrative way to earn money. With the rise of rentals up 35% now is a great time to explore investment property in Greensboro. While owning a vacation property is the first step, there's more to it when it comes to making money.
From how to choose between investment property options to what features renters look for, we've rounded up everything you need to run a successful income property. Think of this as your go-to guide to investing in real estate. Let's jump in and see how to maximize your vacation rental income.
Key Benefits of Vacation Rentals as an Investment Property
One of the biggest perks of owning a vacation rental is the potential for high returns. If you're looking to invest in real estate, vacation rentals can be a great way to do it. They require minimal maintenance, and you can rent them out on a short-term basis.
The short-term rental period allows for a lot of flexibility. If you plan on using your vacation home for your own family, for example, you can rent it out whenever it's not in use. This allows you to make extra income when the home would normally stay vacant.
How to Pick the Right Property Rental for Vacations
Choosing the right property rental for vacations is an important decision. Location and amenities play a critical role in determining its success. You'll want to make sure you're targeting renters during key vacation periods as well.
Make the most of your location and amenities in your marketing. With the current real estate shortage, using a property management company will help in your search.
Marketing Your Vacation Property
Marketing your vacation property is key to setting up a successful rental business. Choosing the right photos and videos will help.
You'll also want to play up the amenities and location. Vacation renters also tend to focus on bedrooms and bathrooms so display those.
A video tour is also a great way to let renters see the property before booking. This is a great feature that will give your listing a leg up from the competition.
Making Sure Your Short-Term Rental is in Great Shape
It's important to make sure your property is in great shape before you list it for rent. The first thing guests will notice when they arrive at your rental is how clean it looks.
Make sure there are no safety issues with the property, such as mold or faulty electrical wiring. If there are any problems, fix them immediately before listing the rental. The nicer the rental, the higher the rent.
Call Today to Learn More About Renting Your Vacation Property
Owing property rental for vacations is a great way to earn money in real estate. If you're looking to rent out your property as a short-term vacation rental, you've come to the right place. We have expert property managers and local real estate professionals to help you every step of the way.
To learn more about vacation rental management, fill out the contact form here to get in touch with PMI Oconee and our local Greensboro real estate experts. Let us help you earn rental income today.
