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Every year more than two million people visit Pensacola, Florida. The amazing weather and entertainment attractions make it an ideal place for a quick getaway or a family vacation.
That also means it's the perfect place to own short-term rentals. These vacation homes are a great opportunity to invest your money but can also be a lot of work. Going into this kind of investment with a plan can make it much easier from the beginning.
Instead of learning lessons the hard way, check out these vacation rental management tips to get started!
Focus on Profits
It sounds a little obvious but it's important for owners to focus on their vacation rental revenue at all times. Too many rental owners get caught up in managing the property and throw their budget out the window. This practice can end up actually costing you money instead of making it.
The best thing you can do is keep a strict budget that will allow you to see profits every month. Keeping those numbers in mind will help you boost your rental income.
Streamline the Maintenance Routine
Guests are not going to be happy if they get to your rental and see that it's a mess. Property maintenance is a huge part of being able to fill your bookings. But it can easily take over your entire life.
There are always so many things to do when it comes to taking care of a property. Streamlining your maintenance process is key. Make a checklist and then stick to it between each guest. Only handle the most emergent repairs at that time. Save the bigger projects for during the off-season!
Get the Help You Need
Managing reservations and a property can be very overwhelming. This is especially the case when you own more than one property or have another full-time job. Yet, this is the reality for many vacation rental owners.
It's important to recognize when you need more help and do what you can to get it. Hiring a rental management company can completely change your experience. These teams can work with you to cover many of the responsibilities so you don't have to.
Offer Extra Services
An easy way to boost your vacation rental is to offer renowned service to every guest. Consider adding some vacation home amenities to the property like a pool or beach toys. It's even better to offer concierge services to help them create an amazing vacation in Pensacola!
Tips and Tricks for Vacation Rental Management
Owning a short-term rental can be a huge opportunity if handled the right way. The best thing you can do is set yourself up for success by hiring a vacation rental management company.
These experts will handle everything from guest check-ins to cleaning up between bookings. And you won't have to do a thing!
Our team at PMI C-Shell has managed vacation rentals for over twenty years. We serve our local community so we care a lot about making it a great place to be. To see how we can help your rental, schedule a free analysis today!
