Looking for a way to make extra income without investing in a new property? You’re in luck! With short-term rentals on the rise, it’s easier than ever to turn your current space into a profitable Airbnb or VRBO rental. As a real estate company that also specializes in short-term rental management, we’re here to help you navigate the process and make the most of your space.
What is a Short-Term Rental?
Short-term rentals, often found on Airbnb or VRBO are furnished living spaces available for short periods of time, from a few days to weeks on end. They allow for a more unique and authentic travel experience giving travelers a more personalized stay and an opportunity to live like a local when traveling to Omaha.
Flexibility for Owners
With short-term rentals, you have more control over when and how your property is rented out. You can choose to rent out your home during times when you’re away on vacation, during a major event happening in the city, or even around the holidays when you may be away. Turning your home into a short-term rental can be a lucrative opportunity, especially if you have a spare room, an entire home, or a vacation property!
Preparing your Home
- Tidy your space. Remove any personal items or family photos. Designate a space for your personal belongings while you are away, and blocking off a room to store away your clothes and other personal items.
- Provide basic amenities for your guests. Such as clean linens, towels, and toiletries. You can also provide some extra touches, like a coffee maker and some snacks, to make your guests feel welcome.
- Make your home safe and secure. Ensure your home is safe and secure for your guests by installing smoke detectors and carbon monoxide detectors. You can also consider installing a security system or a smart lock that can be controlled remotely.
- Create a guest guide. Include information about your home and the surrounding area. This can include instructions for using appliances, recommendations for local restaurants and attractions, and emergency contact information.
Marketing your Rental
Marketing your home for a short-term rental is an important part of the process, as it can help you attract more guests and earn higher rental rates. Here are some tips on how to market your home effectively for short-term rentals:
- Use high-quality photos: High-quality photos of your home can help attract potential renters and give them a better sense of what your property has to offer. Make sure your photos are well-lit and showcase your home’s best features.
- Write a compelling description: Your listing description should be informative and engaging, highlighting the unique features of your home and its location. Be sure to include details like the number of bedrooms and bathrooms, any amenities you offer, and nearby attractions.
- Set competitive rates: Research other short-term rentals in your area to get an idea of what to charge for your property. You want to set competitive rates that are fair for both you and your guests.
Managing your Rental
To ensure that your rental property is well-maintained, there are several tasks that need to be taken care of, such as listing and marketing the property, managing reservations and communicating with guests, cleaning and maintenance, and checking guests in and out.
At PJ Morgan Real Estate, we provide short-term rental management services that cover all aspects of the rental process! Our team handles everything from marketing your property to managing guest bookings, ensuring a hassle-free experience for homeowners. This way, you can enjoy the benefits of extra income without having to stress over managing the rental yourself.
Our short-term rental management services include marketing and promoting your property on platforms such as Airbnb and VRBO, guest relations and support, cleaning and turnover, monitoring reservations, booking requests, guest queries, tenant payments, and admin tasks, managing maintenance and repairs, restocking supplies, and freeing up your time and responsibilities. We also prepare a welcome packet for your guests and offer local recommendations to improve their experience.
If you’re interested in learning more about how our short-term rental management team can assist you, check out our blog!
Author
Whether you’re a fan of classics or exploring new sounds, NY Chill Beats Music has it all covered.