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The Key to Managing Short-Term and Vacation Rentals

Family Arriving at their Vacation RentalOwnership of short-term rental properties and vacation rentals is just as much of a business as any other. Both are in need of a good work ethic and close supervision to succeed. Cheney investors seem to be under the impression that short-term rental or vacation property is an easy means of passive income. However, the truth of the matter is that short-term and vacation rentals are often even more hands-on than long-term rental homes. As a result of frequent changes in tenants, short-term or vacation rentals need to be supervised closely and properly.

There are fundamental differences in the management of a short-term or vacation rental and other long-term rentals. But rather than being different tasks, managing short-term and vacation rentals simply requires more: more marketing (and more often), more tenant screening, and more cleaning and preparing the rental property for the next tenant.

If you want to make a business out of short-term rentals or your vacation property, you’re going to need excellent organizational skills and the patience to deal with multiple tenant inquiries. If such is the case, a few key roles need to be filled before you make any major decisions about renting out your rental property.

Unless you are living within the same neighborhood and are willing to professionally clean your rental property yourself, consider hiring a house cleaning service. In order to keep your property organized and maintained well, you will most likely need to hire a reliable housekeeper. This person can help you identify potential problems early and address them before they become expensive repairs.

Repairs come with the territory of property investments. It’s always best to have a good handyman on call. This person will have to live within the vicinity of your property and can easily be accessible for any maintenance issues that need immediate action, or even accommodating guest complaints. 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.

If the need arises, be willing to hire one person, or different individuals, to get the job done. What’s important is that your property is maintained well and good. Ultimately, tenants will leave poor reviews if the property condition is not what they expected or wanted, which can make it harder to rent your property in the future.

Additionally, you will need to take into consideration the details of marketing to tenants, aside from caring for the property itself, so that you can get on their radar. A successful short-term or vacation rental begins with effective advertising. There are multiple websites and app platforms online that can market your property for you. All you have to do is add yours to the list. Make your rental properties more accessible to possible tenants by giving it its own website. Setting up a website for a vacation home, in particular, is inexpensive and very effective. Don’t forget to include lots of photos and a fact sheet that contains frequently answered questions regarding your property so that possible tenants will know ahead of time. You can also allow your guests to view availability, request reservations, and to pay their rent and deposits online. This not only makes it easier for your tenants, but it also tells them of the legitimacy of your business.

Yet, nothing beats good communication. As the property owner, you will need to respond quickly and effectively to inquiries, tenant complaints, and more. If you foresee that you will not be able to handle matters personally, a good option may be to hire a property management company to handle your tenant relations for you.

The right Cheney property manager can offer a high level of professionalism and customer service, making it significantly easier for you to sit back and enjoy what you’ve already worked hard for. Short-term and vacation rental tenants need their space and privacy, and that means that you should give them an experience worth remembering. Anything you can do to help 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 looking for professional property management, you’ve got it. Real Property Management Spokane County has a team of Cheney property management experts ready to serve you. From filling vacancies to handling maintenance, we get the job done for you. Contact us online or call us at 509-462-1042 today.

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