Owning A Vacation Rental Home – Making Things A Little Easier
Owning a vacation home can bring you lots of joy over the years, but it can also become quite the headache if you rent it out when you're not using it. Here, you'll find a few tips that can make renting out your vacation home a little easier for you and your family.
Black Out Dates for the Family
If you know that your family will be using the home on certain days, black those days out on a rental calendar. Give yourself an extra day at the beginning and the end to make sure that you get full usage of your vacation home when you want it. If you black out only the dates that you'll be there, you run the risk of the home not being ready when you arrive or having guests coming the day that you leave. Don't cut your family time short.
Hire a Property Management Team
If you don't have the time nor the desire to work to book the property throughout the year, you do have the option of hiring a property management team to take care of things for you. They will handle all of the booking, the receiving of the payments, and can even talk to potential guests. All you'll have to do is pay the bills – no more rushing around trying to get to all of the calls and requests for details about the property.
The property management team will also help to keep all of the documents straight. You won't have to worry about checking all of the paperwork to make sure that all of the usage agreements are complete and legally binding.
Contract Cleaning Companies
You need to have someone near the vacation rental that is ready to clean whenever the house becomes empty. You can use cleaning companies, or you can find subcontractors that work for themselves. How you decide between the two will depend on the area and what's available. Sometimes, it's better to stick with an individual that you can trust, but having an entire company contracted to keep the home clean will help to prevent the house from not being cleaned if your cleaning person isn't available at the time.
Your vacation home can pay for itself when you're not using it. If you put the right plan in place, it will basically do all of the work for you, and all you'll have to do is remember to black out the family dates of usage each year.