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Time is money! especially when you are talking about downtime at a vacation rental. Even if you purchased a turnkey rental that is ready for guests Wholesale Emmanuel Ogbah Jersey , bringing a property onto the rental market takes work. Before your first renter comes through the door, you will need to make important operational decisions for the management of your vacation rental business. And on top of getting the place ready, there's a laundry list of other tasks that need to be completed before you can start renting.

Pick the Right Time to Make Changes

The best time to make major changes is before you've started renting or in the vacancy of the slow season. Use this time to do renovations, deep cleaning Wholesale Larry Ogunjobi Jersey , major improvements, and amenity and design changes. Getting the dust-inducing construction out of the way before starting a rental schedule will make life easier in the long run, and you will be able to fetch top dollar for new features and amenities.

If you can't do it all before peak season, prioritize based on what will keep your guests happy (safety Wholesale David Njoku Jersey , cleanliness), and you protected (insurance, permits, taxes).

Getting the Rental on the Market Checklist

Cosmetics & Construction

- Perform construction and updates to make the house a better rental.
- Upgrade appliances Wholesale Jabrill Peppers Jersey , if needed.
- Add new amenities.
- Deep clean the entire home including windows and carpeting.
- Paint the ceilings and walls with fresh paint in neutral colors.

Furnish the rental appropriately.

- Decorate the home using a theme and color scheme as a guide.
- Landscape and create "curb appeal"
- Perform a security and safety evaluation.

Rental Turnover & Day-to-Day Maintenance

- Interview and hire cleaning staff.
- Interview and hire maintenance people.
- Establish a backup plan for cleaning and maintenance emergencies.

Financial Planning

- Plan a budget for expenses.
- Research applicable taxes in your area
- Find, learn and use a basic accounting program.

Marketing & Advertising

- Stage and take professional-quality pictures of the rental, inside and out.
- Consider building your own vacation rental website.

Create marketing text.

- List on vacation rental sites.
- Research other online marketing methods.
- Advertise the property offline to reach your targeted market.

Management & Legalities

- Develop the policies and procedures you will follow with your property.
- Set your rates.
- Draw up legal documents such as rental contract and deposit form.
- Seek legal advice on contract and other legally binding documents.
- Research and retain appropriate vacation rental insurance.
- Get proper licenses and permits.
- Decide how to maintain rental records and handle bookkeeping for tax purposes.
- Determine a rental scheduling process and set up a master availability calendar.
- Establish how "family and friend time" will be handled at your rental.

Guest Services

- Stock the home with necessities; like toiletries, paper goods Wholesale Myles Garrett Jersey , and cleaning supplies.
- Create welcome packet.
- Make a "Guest Information Binder" of local attractions, menus, maps and information.
- Create an emergency contact sheet.

Conclusion

The tasks necessary to get a new vacation property up and running may sometimes feel never-ending. The foresight to anticipate problems, and plan for them in advance Wholesale Baker Mayfield Jersey , is the difference between a smooth start in rental vacation property and a rocky one. Planning ahead and being prepared will make being a new vacation rental owner more enjoyable.
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