The short-term accommodation industry is booming. According to a recent Phocuswright study, one in three travelers opted for a vacation rental last year versus just one in ten in 2010. That means it’s a great time to put your second home to work.

 

Any good property manager will tell you that there’s more to turning your home into a profitable vacation rental than simply adding a few photos to an online listing. In addition to obtaining the necessary permits and upgrading the furniture, you’ll need to think about removing or securing your personal belongings, creating a compelling description, and getting the optimal number of reviews before peak season begins.

Investing a little time, effort, and money in your vacation rental early on can make a huge difference in your profits and create a more pleasant experience for you and your guests. If you follow this checklist, you’ll be well on your way to owning a successful and profitable vacation rental.
 

The short-term accommodation industry is booming. According to a recent Phocuswright study, one in three travelers opted for a vacation rental last year versus just one in ten in 2010. That means it’s a great time to put your second home to work.

Any good property manager will tell you that there’s more to turning your home into a profitable vacation rental than simply adding a few photos to an online listing. In addition to obtaining the necessary permits and upgrading the furniture, you’ll need to think about removing or securing your personal belongings, creating a compelling description, and getting the optimal number of reviews before peak season begins.

Investing a little time, effort, and money in your vacation rental early on can make a huge difference in your profits and create a more pleasant experience for you and your guests. If you follow this checklist, you’ll be well on your way to owning a successful and profitable vacation rental.



Read more:https://www.biggerpockets.com/renewsblog/profitable-vacation-rental/