Renting Your Home to Travelers: Essential Tips to Know

Renting Your Home to Travelers: Essential Tips to Know

Have you ever thought about owning a vacation rental in Fort Lauderdale? With its beautiful weather, pristine beaches, and tourist attractions, your property is all but guaranteed to make money.

If you're considering renting your home to travelers, this guide will come in handy when you make the plunge.

Purchase the Right Insurance

When you own a vacation rental, you don't just need regular homeowner's insurance. You will likely also need vacation rental coverage for your property.

Check with your property listing company to see if they offer additional coverage. However, it may be a good idea to get another policy so you are completely covered.

Work With a Vacation Rental Management Company

Managing a vacation rental can be daunting, especially if you have other obligations like a career or a family. You should consider outsourcing the labor.

For a fee, you can hire a property management company to handle every aspect of your vacation rental. They specialize in everything from long-term renters to Airbnb management and short-term rental management.

They can also take care of things like tenant communication and maintenance requests. If you want a hands-off experience, property management services are the best option.

Provide the Best Guest Experience

Imagine the amenities and perks you would want if you stayed in a vacation rental property. Now, ensure you provide the same for your guests.

Stock the rental with things like cookware, snacks, and toiletries. Make sure to have extras on hand and indicate their location, so your guests won't run out in the middle of their trip.

Stay in Communication With Guests

Communication is key to ensuring your guests have everything they need for their vacation rental. Make sure to message them frequently and promptly respond to any questions they have.

Give your guests multiple options for communication. For instance, many rental platforms have built-in messaging services. However, this may not be an ideal communication method.

Provide details such as your phone number or email address so they can get in touch with you right away. You will be able to respond quickly and resolve the issue.

Keep Up With Maintenance

When it comes to maintaining your property, staying on top of regular tasks is essential. You can catch small things before they turn into bigger problems, which will save you money in the long run.

For instance, an HVAC clog is as simple as calling in a technician to fix it. However, not repairing it can lead to permanent damage to the system, which can shorten the lifespan drastically.

A property management company can coordinate and conduct all maintenance inspections on your behalf.

Renting Your Home to Travelers

If you're new to renting your home to travelers, you shouldn't have to worry. Using this guide, you can provide a great guest experience that helps you make money.

Are you ready to jump into the Fort Lauderdale rental market? PMI Jewell is the most experienced property management company for your needs.

Contact us today to learn more or get a free rental analysis.