Short-term rentals have become just as desirable (if not more so in some markets) as hotels. If you have a spare property sitting around and you don't want long-term tenants, you may want to consider turning it into a vacation rental.
Short-term rental management isn't always easy. There's a lot of work involved, and many people underestimate it. If you're determined, however, it may work for you.
We're here to offer tips to help you turn your short-term rental into a long-term success. Read on to learn more.
Create a Clear Listing
Write a detailed and accurate listing that highlights the features, amenities, rules, and unique aspects of your short-term rental property. Include high-quality photos that showcase the space.
It's a good idea to hire a professional photographer if you don't have access to a good camera. It's totally worth the cost.
Clearly outline your house rules in your listing. This helps set expectations for guests and ensures they understand your property's policies before booking. This will save you a lot of time and trouble in the future.
Prioritize Cleaning and Maintenance
If you want a successful short-term rental, you need to keep the property in fantastic condition. For long-term rentals, tenants are responsible for keeping the place tidy. In a short-term rental, that's your job.
Hire a cleaner (or clean on your own) between every short-term tenant. Is your property available for longer stays? If so, consider having a cleaner visit at some point during your guest's stay (similar to how a hotel operates).
You should also hire someone for regular maintenance and emergency repairs. You never know when something is going to go wrong, and you want to be able to fix problems so they don't ruin your guests' vacations.
You're offering a hotel alternative with your short-term rental. You can't offer everything that a hotel can, but you should try to provide basic amenities.
Most guests expect wifi and television at the bare minimum. They expect a functional kitchen or kitchenette with silverware, cups, bowls, and plates, as well as things they would need for basic cooking.
Some hosts provide toiletries and other helpful items (such as sunscreen, tampons, and bandages), but this isn't a necessity. It may improve your rating, however.
Value Your Guests
Maintain open and clear communication with guests before, during, and after their stay. Provide check-in instructions, respond to questions, and address any concerns right away.
Encourage guests to leave reviews and feedback. This not only helps future guests make informed decisions but also allows you to improve your short-term rental business based on guest experiences.
Short-Term Rental Management Isn't Easy
There are so many responsibilities associated with short-term rental management! People online may make owning a short-term rental property look like easy money, but this isn't the case.
Do you need help managing your short-term rental in Park City, Utah? We want to help you out. Our team will help you make your short-term rental property a success.
Reach out so we can start working together today.