Listing your home as a vacation rental can be a lucrative business. Now more than ever it’s easier to rent out your own home on a short-term basis! Unfortunately, this means there are many vacation homes out there that fall short of guest expectations and lack the crucial elements that can increase profits for homeowners.
Although you can rent out your house independently, the majority of homeowners use a vacation rental management company. Trusting your Tampa Bay investment property to an experienced management company will help you get the greatest return on your investment. The best agencies will provide professional cleanings between guests, 24/7 local support, and up-to-date bookings so you always know your investment is being cared for, no matter where in the world you are.
If you’re considering renting out your home to vacationers, here are some other tips that can help you attract more visitors and bring in higher profits.
Provide Expected Amenities and Features
When you own a vacation rental in Tampa Bay, you already have a leg up on the competition due to the area’s beautiful beaches and many entertainment options. Whether your home is located near Busch Gardens or near Bayshore Boulevard, you should have plenty of interest from tourists around the country. But there’s still work to be done.
People choose vacation homes over hotels because they’re roomier and more private, but they also enjoy access to useful amenities, like a kitchen or a washer and dryer. Make sure you provide everything your guests need to make full use of your home. This means providing expected items like cookware, toiletries, laundry detergent, extra towels and linens, cleaning supplies, and reliable WiFi. Think about the little items you need when you go traveling, like a bottle opener or a pen and paper. Today, many people work remotely while they’re traveling, so consider setting up a little desk area in the home.
Go the Extra Mile
Some other key reasons why people prefer vacation homes are the personal touches and extra features that homeowners include to enhance the guest experience. So, think about how you can go the extra mile. You may need to redecorate your home a bit to make it more welcoming and impersonal. Avoid leaving all of your family photos around because your guests may find it hard to relax in a place that feels like a stranger’s house.
BiggerPockets recommends leaving a welcome booklet in an obvious location containing information about the local area, WiFi connectivity instructions, house rules and policies, and how to contact you. You can include some brochures with maps, menus, or other tourist suggestions. You may even be able to partner with a local business to offer store discounts to your guests!
Invest in Home Upgrades
If you have a little more money to spend on your rental, consider making some upgrades to help your home really stand out. Start by focusing on your home’s curb appeal — this will help form your guests’ very first impression of your home, so make it shine. Repaint the front door, add a couple flower pots to the porch, and do some landscaping on the front lawn.
As you assess the interior of your house, prioritize upgrades to the bathroom and bedroom. You can quickly transform your bathroom into a spa by upgrading the shower head, adding plants, installing a large wall-to-wall mirror, and investing in large, fluffy towels. In the bedroom, hang heavy blackout curtains to block light, noise, and heat from outside. Provide storage in the room where guests can unpack their belongings and design a cozy little reading nook. Also, invest in a comfortable bed — guests that sleep well are much more likely to leave positive reviews.
While making upgrades to your home is sure to increase interest, you’ll also want to make sure there aren’t any major problems you should be aware of. You’re best off bringing in a reliable home inspector from Beryl Engineering & Inspection so that you and your guests don’t encounter any surprises.
One of the biggest mistakes that vacation rental owners can make is skimping on the cleaning. While guests may be able to live with a few missing toiletries, they will not look past grime, dirt, and dust. The easier way to confirm if your home is sparkling for every guest is to have it professionally cleaned after each booking. Remember to schedule periodic deep cleans as well. If you’re tackling the cleaning on your own, follow this quick cleaning guide.
A great vacation home will wow your guests with helpful amenities and thoughtful touches. Remember to treat your rental like a business. By investing some of your time and money into it, you’ll attract more guests and enjoy a higher return on your investment.
To learn more about Beryl Engineering & Inspection’s services, call (813) 616-3301 or email info@berylprojectengineering.