Do you want to know how to make a ton of money off the back of mere statistics? If you even have a single home or apartment you don't use for all year, you can cash in on the current increase in domestic tourism to Florida.
Putting your property up as a vacation rental is a great way to get an active income stream from an otherwise passive asset. You can do this yourself, but you'll have much more success using vacation rental management. Learn why in this quick and handy guide.
1. Getting Excellent Exposure
Working through a vacation rental property manager gets your property listed on a dedicated and trusted list viewed by many eyes. This move alone dramatically boosts the number of people aware of your property. These consumers are more likely to trust your listing because the property management firm vouches for its quality.
The property manager uses physical and digital marketing to create a presence for your listing in the marketplace. The digital avenues are critical because most vacation rental bookings these days happen on the Internet.
2. Receiving Rave Reviews
A dedicated vacation rental property manager's job is to be all about the listing and its guests. As such, they can give the guests much more attention than someone trying to run a vacation rental business separately from a "main" job or business. This puts them in the position to prepare the listing for a more personalized guest experience.
They can also facilitate suggestion gathering and respond to guests' requests in real time. When guests feel heard, they're far more likely to give better reviews.
Property managers will also help improve the listing by taking guest feedback and suggestions into account. Over time, the spike in positive ratings will generate many bookings during the vacation season.
3. Improved Flows of Income
Once your vacation rental listings have good reviews, they won't be empty for long. The property manager can help ensure that vacancy gaps are as short as possible, increasing revenue generation.
If the place gets overwhelming interest, the law of supply and demand can kick in, and you can start charging more. They'll also do proper guest screening to decrease the chances of getting guests who cause problems.
Your property manager will consider these and other factors when trying to boost the listing's earning potential. These experts have many tools in their belts to increase rental incomes. They also have strategic partnerships with cleaners and other services, which help keep maintenance expenses lower.
Get Professional Vacation Rental Management Today
If you're not using your vacation home for most of the year, consider turning it into a profitable rental investment. A vacation rental management can help you make the most of this opportunity.
A property manager's expertise will have your listing receiving tons of attention and great reviews. From there, they can make back-to-back bookings, generating a lot more income in the long run. They're also flexible enough to respond to anything that comes up.
Our full-service property management gives you access to all these benefits in one service! Contact PMI Jacksonville today and get your rental working for you.