Homeowner Tips for Creating a Standout Vacation Rental | Vacasa (2024)

California licenses
Vacasa Seasonals Inc.
California DRE #02160171


Vacation Palm Springs Real Estate, Inc.
California DRE #01523013

Vacasa offers property management and other real estate services directly through Vacasa LLC and through Vacasa LLC's licensed subsidiaries. Click here for more information about Vacasa's licensed real estate brokerage/property manager in your state. Vacasa’s licensed real estate brokerages/property managers include: Vacasa Alabama LLC; Vacasa Arizona LLC; Vacasa of Arkansas LLC; Vacasa Colorado LLC (Micah Victory); Vacasa Delaware LLC, 302-541-8999; Vacasa Florida LLC; Vacasa Illinois LLC 481.014072, Micah Victory Managing Broker Lic# 471.021837; Vacasa Louisiana LLC, Dana MacCord, Principal Broker, ph 504.252.0155 (Licensed in LA); Vacasa Michigan LLC, 602-330-9934; Vacasa Missouri LLC, Vicki Lyn Brown, Designated Broker; Vacasa Nevada LLC; Vacasa New Hampshire LLC,45 NH-25, Meredith, NH 03253, Susan Scanlon, Broker of Record; Vacasa Minnesota, Broker: Micah Victory, license #40877637; Vacasa New Mexico LLC, 503-345-9399; Vacasa New York LLC, 888-433-0068, Susan Scanlon, Real Estate Broker; Vacasa North Carolina LLC; Vacasa Oregon LLC; Vacasa Pennsylvania LLC; Vacation Palm Springs Real Estate, Inc., California DRE #01523013, Mark Graham, California DRE #00700720; Vacasa Real Estate LLC (licensed in Texas, Debra Brock, Designated Broker); Vacasa Real Estate LLC (licensed in Washington, Robert Brush, Designated Broker); Vacasa Seasonals Inc., California DRE #02160171, Lisa Renee Stevens, California DRE #01485234; Vacasa South Carolina LLC; Vacasa South Dakota LLC; Vacasa Tennessee LLC; Vacasa Vacation Rentals of Hawaii LLC, 69-201 Waikoloa Beach Dr. Ste. #2F17, Waikoloa, HI 96738; Vacasa Vacation Rentals of Montana LLC, Terah M. Young, Licensed Property Manager; Vacasa Virginia LLC; Vacasa Wisconsin LLC; Vacasa Wyoming LLC. In Canada, this advertisem*nt is provided by Vacasa Canada ULC, CPBC lic. number 75826, 172 Asher Rd. V1X 3H6 Kelowna, BC.

Homeowner Tips for Creating a Standout Vacation Rental | Vacasa (2024)

FAQs

How to make your rental stand out? ›

In-Unit Amenities
  1. Upgraded Kitchens. If you're looking for amenities to add to your unit, an upgraded kitchen will always lure potential renters. ...
  2. Pet Policy. ...
  3. Washer and Dryer. ...
  4. Smart Home. ...
  5. Air Conditioning. ...
  6. Furniture. ...
  7. Hardwood Floors. ...
  8. Private Outdoor Space.
Jul 26, 2024

How do I prepare my home for vacation rental? ›

How to Prep Your Home to be a Short Term Rental
  1. Edit your personal items and valuables. ...
  2. Forward your mail. ...
  3. Clean, clean, clean… and then clean a little bit more. ...
  4. Install remote locks. ...
  5. Safety first. ...
  6. Take a good look at your home insurance. ...
  7. Create a welcome book. ...
  8. Consider welcome baskets.

What is a good profit margin for vacation rental property? ›

A 10-20% return on investment from your vacation rental property is considered a good profit margin.

How do I make my rental feel expensive? ›

Paint or peel-and-stick wallpaper is a great way to improve the design of your walls. At the same time, things like custom curtains, artwork, and even finishing upgrades (like swapping out lighting or cabinet hardware) can make your apartment feel—and look—more expensive.

How do I make my property stand out on Airbnb? ›

10 Hacks to make my Airbnb standout
  1. 1) Competitive Pricing. ...
  2. 2)Increase Guest Reviews. ...
  3. 3) Keep your listings precise, pertinent and enthralling. ...
  4. 4) Target the ideal guests. ...
  5. 5) Invest in great photography. ...
  6. 6) Allow spontaneous bookings. ...
  7. 7) Request other local hosts to recommend your property.

What is a good ROI on a vacation rental property? ›

What Is a Good Rate of Return on a Vacation Rental? Rates of return vary depending on factors such as location, property type, and market conditions. However, vacation rental owners usually aim for a return on investment (ROI) of at least 8% to 10%.

How to get more bookings on your vacation rental? ›

How to Increase Vacation Rental Bookings
  1. Craft An Attractive Property Description. ...
  2. Showcase High-Quality Photos. ...
  3. Be Extra Responsive. ...
  4. Encourage Reviews. ...
  5. Keep Rates And Calendars Updated. ...
  6. Provide Extra Amenities. ...
  7. Update Your Front Door. ...
  8. Create A Marketing Plan To Boost Rental Bookings.

How do you know if a vacation rental will be profitable? ›

In simple terms, cash flow is a pretty straightforward metric for evaluating vacation rental potential. It is the total monthly income received minus the overall monthly expenses.

How do I make my vacation rental pay for itself? ›

6 Tips To Make Your Vacation Home Pay For Itself
  1. Rent your property short term. ...
  2. Handle your rentals yourself. ...
  3. Tax deductions. ...
  4. Buy your vacation home with your IRA or retirement account. ...
  5. Rent seasonally or long term instead of short term. ...
  6. Trade for services.

How to make your house ready for Airbnb? ›

Your Airbnb preparation checklist
  1. Lock away valuables.
  2. Create a guest handbook.
  3. Review Airbnb's processes and policies.
  4. Thoroughly clean and declutter the space.
  5. Repair any damage that could make the space unsafe (frayed wires, broken steps, etc)
  6. Test all smoke and carbon monoxide detectors.

How much income to expect on a vacation rental? ›

Most vacation rental owners strive for a profit margin of 10% to 20%. This range is vast since rental properties and market conditions vary greatly.

How much profit per month should you make on a rental property? ›

A good profit margin for rental property is typically greater than 10% but between 5 and 10% can be a good ROI on rental property to start with. What is the 2% cash flow rule? The 2% cash flow rule of thumb calculates the amount of rental income a property can expected to generate.

What is the 1% rule for rental property? ›

The 1% rule states that a rental property's income should be at least 1% of the purchase price. For example, if a rental property is purchased for $200,000, the monthly rental income should be at least $2,000.

How do you know if a rental property is profitable? ›

The calculation is the following one: rate of gross profitability = 100 x (monthly rent x 12) divided by the Purchase price of the property.

What makes you stand out to a landlord? ›

Proof of ability to pay.

Landlords will often accept a recent pay stub showing your current income, the prior year's tax return, or a current bank statement as proof of your ability to pay the rent. If you're about to start a new job, bring a copy of your offer letter reflecting your anticipated start date and income.

How do I attract people to rent my house? ›

Here's a step-by-step guide to attracting the perfect tenants to your rental property.
  1. Update your unit. ...
  2. Understand market rent. ...
  3. Show your home at its best. ...
  4. Know your area. ...
  5. Know your ideal resident. ...
  6. Write an A+ listing. ...
  7. Try individual showings, not a mass open house. ...
  8. Prepare handouts to make resident's lives easier.
Jul 20, 2022

How can I make my rental property more profitable? ›

13 Tips for Maximizing Rental Income as a Landlord
  1. Resident-Proof Your Property.
  2. Purchase The Right Insurance.
  3. Crunch the Numbers.
  4. Create An LLC.
  5. Make Use Of Tax Breaks.
  6. Make Use Of A Written Lease Agreement.
  7. Choose Your Property Management Company Wisely.
  8. Purchase A Home Warranty.
Sep 8, 2022

How can I make my rental nice? ›

  1. Update Window Treatments. Start with your windows, which are likely a focal point of your rental home or apartment. ...
  2. Swap Switch Plates and Cabinet Knobs. Small changes, big impact. ...
  3. Go Green. ...
  4. Remember to Accessorize. ...
  5. Frame It. ...
  6. Use Removable Wallpaper. ...
  7. Apply Contact Paper. ...
  8. Decorate with Washi Tape.
Dec 15, 2020

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