Have you thought about buying an investment property on Long Island? It's easily one of the most exciting cities in New York, with attractions to suit any type of visitor.
If you've wanted to rent out your house to earn extra income, now's the best time! But how do you get started? How can you earn a sustainable income from renting a vacation home?
This article will share the best vacation rental tips to make money from your Long Island home.
Here's what you need to do:
Do a Quick Makeover
The first thing to do is check if your property is ready to be rented out. You'll want to assess whether the property is in good condition for vacation guests.
For example, you want to ensure that there's no excessive dirt. You'll have to check for mold and other pollutants. You can also use this time to make any repairs or renovations.
You may want to use this time to make your home look new if needed. For example, if you need to repaint the home, do so before seeking new guests. Consider getting new furniture if any of your items are decaying. Make sure you invest in brand new bedding items for your guests.
You'll need to clean your home more often as well. Consider hiring a professional cleaner to assist you.
Dealing With Vacation Guests
Once your home is ready, you can start advertising it. The best route is to use a vacation rental platform to promote the property. This is the easiest way to garner interest from a large pool of potential guests.
Take your time to prepare the listing. You should hire a photographer to take pictures of your property. You should also create a video tour of the home.
You'll also need to write a description. The description should mention your property's specific location. This should mention how close your property is to any main attractions.
Make sure you mention the number of bedrooms and bathrooms that'll be available to the guest. You also want to advertise the amenities that they will be able to enjoy.
When your guests come in, make sure you attend to their needs. You can leave them alone for the most part, as they'll want their privacy. But you'll need to be available if they ask for help.
They might need an appliance repaired or an extra bath towel. Make sure you can accommodate them when needed.
You can hire a vacation rental management company to assist you with these tasks.
That's How to Rent Out Your House
Now you know how to successfully rent out your house to vacation guests. Follow these steps, and you'll be building your rental business in no time! You should consider hiring a vacation rental management service to assist you.
PMI Eastern Long Island is one of the top property management companies in the city. We're part of a franchise that has worked in the industry for over 20 years. We know we can help you!
