The Vail Valley sees hundreds of thousands of tourists each year who come to see the Rocky Mountains in all their glory.
If you're a Vail property owner, this presents a golden opportunity to rent out your home to vacationers. Anyone can try out vacation rental hosting, but to be successful, you need to understand a few things.
In today's post, we'll help you master the art of vacation rental hosting. Keep reading and you'll be able to maximize your home's profitability by showing your guests a wonderful experience.
Listing Your Home for Rent
When you don't have any guest ratings, you can't rely on your reputation to find bookings. Developing strong vacation rental marketing strategies is the best way to secure renters, especially in the beginning.
It all starts with listing your home for rent. To create a great rental listing, you need two things: professional photographs and a detailed description of the home, as well as the local area. You need to paint a picture for your guests and generate excitement about staying in your vacation rental.
Once you've got a great listing, choose a few vacation rental platforms and post it. You can also implement things like SEO to get more eyes on your listing.
Vacation Home Pricing
If we were to give vacation home rental tips, the most important one would be to offer competitive pricing. You have to be tactful when you seek out your first renters. Look at what other similar vacation rentals are charging per night and compete by lowering your pricing.
Using a sliding scale, you can always compete with more established rentals. Charge less during the slower months and more during the busy months to maximize your rental income and maintain steady bookings all year round.
The Guest Experience
Securing renters is only the first part of your job. The rest is all about providing the best possible guest experience. It starts with giving them a simple check-in/check-out process, which should always be contactless if you can manage it.
Once they're in your unit, the best thing to do is to give them privacy but be available to answer any questions or concerns. If you've taken the time to provide unique amenities, whether it's locally sourced snacks or a swimming pool, there's not much more they'll need unless something unforeseen occurs.
When your guests leave your rental as satisfied customers, make sure to ask if they can leave you a positive review. As you accumulate more positive reviews, it'll be easier to secure more bookings at higher rates in the future.
Vacation Rental Hosting Made Easy
Vacation rental hosting is a lot of work, but doing it the right way is incredibly rewarding. Even if you don't have time to take on all of these responsibilities, you can outsource them to vacation rental management.
At PMI Vail, we're part of the country's top residential, commercial, HOA, and vacation property management company. Contact us today to learn about our vacation rental services and how they can help you.
