Last-minute vacation rental cancellations can really hurt your revenue! Picture this, you live up north or even out of the country and down in sunny Florida the high rental season is about to begin. You are happy because your property has been booked solid for the whole month of February and March. Then suddenly you hear that your guest has canceled 7 days before their check-in date! On top of that, the vacation management company you have been working with has promised to give those same guests a 50% refund!
If you are thinking about investing in a property to rent, you have a lot of decisions to make. But one of the most important decisions that you will make is whether you are going to manage the property yourself or get a property manager.
Below are 10 advantages to hiring a property manager for your rental property.
One of the FIRST questions we always encourage a homeowner to ask is, “What are my rental restrictions?”
Vacation rentals are close cousins but very different beasts to traditional tenant rentals. It’s better to associate the requirements with a vacation rental to that of a hotel stay. Every convenience you experience at a hotel should be emulated at your property.
Those types of services include, but aren’t limited to; maintenance, concierge services, cleaning services, laundry services etc etc.
These top vacation rental websites power the vacation rental experience on the internet. These companies work to provide its guests a seamless browsing and booking experience for travel accommodations around the globe.
Information current as of publication date per IRS website.
A vacation home can be a house, apartment, condominium, mobile home or boat. If you own a vacation home that you rent to others, you generally must report the rental income on your federal income tax return. But you may not have to report that income if the rental period is short.
In the vacation rental business, season ends, and locally things change to a slower pace.
As we wind down our peak season in Naples, the locals are just dying for the days when there will be less traffic and our town will quiet down after the snowbirds flock back North.
We often hear people referring to season being over or coming to an end. The mindset of our Naples community clearly revolves around high season, but that’s not to say we should close up our doors and expect no rental activity in Naples in the off-season.
A lot of people know that buying a vacation property, as an investment, so that it can be rented out – can make you money. But it is something that should be researched and done with caution.
Below are three tips to help with choosing the right one:
The idea of buying a vacation home in Naples Florida, may seem out of reach to some people. But for some seasonal visitors to Naples who find themselves coming back year after year, buying a vacation home might be a good investment. Naples Florida Vacation Homes works with property owners to to make owning and renting their vacation home easy!
Do you like nice things when you are on vacation? Chances are your renters feel the same way.
The common misconception in the past was that medium-priced vacation rentals should command equally-priced furniture, appliances and extras. Chances are if you are reading this blog you fall into the same category. Think of your furnishings as a marketing expense.
Can you really pay for a Naples vacation home by renting it out?
The idea of buying a vacation home in Naples Florida, may seem out of reach to some people. But, for some seasonal visitors to Naples, who find themselves coming back year after year, buying a vacation home might be a good investment. Naples Florida Vacation Homes works with property owners to to make owning and renting their vacation home easy!