If you have thought about renting your lake home out, then you have had a wonderful idea. It will help balance the cost of having more than one home. These tips will help you in finding renters for your home to maximize occupancy rates and increase cash flow.
1. Pricing the Rental Property
The very first step in rental success is to determine what price you will be charging per month. It is important to check the pricing of the rental properties around your home. These comparisons will help you decide on what to charge monthly for your property.
2. Amazing Photos
When you go to list your home for rent, it is important to take great pictures of the home. Show them the space they have, the beautiful ambiance that the home has to offer, and take beautiful pictures of the lake. Ensure that you show what the home can provide to them.
3. Detailed Description
Make sure that you make your property stand out. Ensure that you list all of the features that your home has to offer. Talk about what they are able to do in the area, explain how homey the house is, and give them a clear view of how great the community is.
4. Online Profile
The online profile is important to keep up to date. Ensure that the pictures show all seasons. You do not want to put off a renter that want a winter vacation home by only uploading picture in the summer.
Information about the surroundings should also be kept up to date. If there is a new attraction, ensure that this new attraction is listed.
Make sure to list all of the features in the listing. It is also a great idea to discuss the rental property with agents that will help you put the home on the market for the tenants to see. Make it enticing and an exciting place to be and be sure to highlight the joys of being on the lake!