Acquiring and owning short-term rental properties and vacation rentals are a business similar to any other business out there. Both require constant work and unceasing supervision in order to be successful and thriving. Newport investors every so often assume that a short-term rental or vacation property will grant them a source of passive income. But the real fact is that short-term and vacation rentals are more hands-on than long-term rental homes. With frequent changes in tenants, you need to realize how to manage and take care of your short-term or vacation rentals properly.
There are fundamental differences between taking care of a short-term or vacation rental and other long-term rentals. However, rather than being different tasks, managing short-term and vacation rentals simply require more: more marketing (and more often), more tenant screening, and more cleaning and preparing the rental property for the next tenant.
If you plan to own and, at the same time, manage your short-term rentals or your vacation property yourself, you will need to have excellent organizational skills and the ability to answer immediately to tenant inquiries. You may likewise want to hire people to fill a few key roles, mainly if your rental property is not near where you live.
Unless you are in the area and are both ever willing and able to professionally clean your rental property yourself, consider hiring a house cleaning service. A reliable housekeeper can not only tend to your property for you but also be able to report to you after every single guest. This person can also support you to identify potential problems early and address them before they become expensive repairs.
As regards regular repairs, you are going to need a good handyman on hand, too. An appropriate person for this duty must ideally be living near your property, has a wide variety of skills, and can respond promptly to guest complaints and maintenance issues. If your short-term rental or vacation property has a pool or spa, you will need someone to keep it clean and to regulate the chemical levels.
You may have to hire one person to work on it or maybe recruit services from different individuals or companies to guarantee the job is done well and consistently. At the end of the day, tenants will leave poor reviews if the property condition does not fulfill expectations and desires, which can make it harder to rent your property in the future.
Aside from caring for the property itself, there are particular things you will have to know and understand concerning finding and communicating with tenants. A successful short-term or vacation rental always begins and starts with effective advertising. It is crucial to list your property on one or more of the most widespread websites and app platforms. Another important part of making sure your rental properties are easily found is having your website. Setting up a website for a vacation home, in particular, is inexpensive and very effective. You can include lots of photos and a fact sheet regarding the property to help explain plenty of the solutions and answers that prospective tenants tend to ask about. You can also allow your guests to view availability, request reservations, and to pay their rent and deposits online. Such conveniences are imperative to giving your tenants a positive and very good experience right from the very start.
But even so, nothing compares to good communication. As the property owner, you need to respond quickly and effectively to inquiries, tenant complaints, and more. If you are unable to be there in person to fix matters of interest, a good option may be to hire a property management company to handle your tenant relations for you.
The best Newport property manager can competently contribute a high level of professionalism and customer service, can free up your time, and make your life a whole lot more uncomplicated. Short-term and vacation rental tenants want their space and privacy, but, they also absolutely wish to have a great experience. Every little thing you can do to support them and make them feel satisfied with their stay in your rental house can help keep your properties fully leased month after month, year after year.
If you’re inquiring about and looking for professional property management, you’ve found it. Real Property Management Delta has a team of Newport property management experts at your complete disposal. From filling vacancies to handling maintenance, we’ll do all the hard work for you. Contact us online or call us at 501-404-0674 today.
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