Vacation home rentals can often come with unexpected hiccups and challenges that a homeowner may not have considered as they prepare to offer their home to strangers for a fee.
Visitors will be paying a premium for their stay, which typically comes with high expectations so homeowners will want to anticipate some of the common headaches that accompany renting a vacation rental. We have put together a list of some of the major vacation rental mistakes that we have encountered in the past as a list of things to consider when you want to list your home as a vacation rental:
- How will you manage collection / credit card payments?
- How will you market your property to get it in front of your target customer?
- How will you manage access / entry into the vacation rental?
- Are you able to store all of your personal belongings / personal effects in a secure location?
- Will you be able to empty your cabinets, pantry and the refrigerator and have them clean and open for a guest?
- How will you manage damage deposits?
- Will you have a cleaning fee and, if so, how will it be collected?
- Will you have a minimum nights stay (e.g. will you allow people to stay for only 1 night, etc.)?
- What are your cancellation policies? Keep in mind that if someone cancels close to their arrival, what are your chances / opportunities to re-rent your property?
- How will you manage guests if they have an emergency? That is, who do they call if a pipe bursts in the middle of the night, etc.?
The list above is meant to help you think through some of the particulars that go with offering your property as a vacation rental but it is not meant to be comprehensive or all-inclusive. If you have questions about putting your property up as a rental, call Kory Samson at 800-828-4228 ext. 305 and learn more about Gateway’s Central Reservations Service and if listing your home as a vacation rental makes sense for you!