If you're intrigued by the passive income turnkey vacation rentals in Orlando can bring, it's important to keep in mind that it's not completely passive.
From maintenance issues to finding a steady flow of tenants, there are a number of unique challenges that you may not be anticipating.
With this in mind, read on for our simple guide on how to manage your vacation rentals the right way!
Update Your Listing
Attracting interested guests and presenting your rental property in its best light all starts with the listing. Make sure that you keep the photos of the interior and exterior updated so that potential guests know exactly what to expect.
It's also important to continue updating the price depending on the season. For instance, if you live in a tropical location, you can expect an uptick in vacationers during spring break–meaning you can raise the price.
Find a Reliable Housekeeping Service
No matter how modern or upscale your turnkey property is, people will be turned off if it's dirty. Hire a reliable cleaning service with a flexible schedule so that you can ensure a spotless stay for all of your guests.
If you manage your turnkey rental remotely, this is even more important, as you won't be able to personally check the cleanliness of your property.
Security
Security can be a major issue for your properties, especially if you don't live nearby. This is when technology comes into play. For instance, a Bluetooth sniffer device can figure out how many devices are connected to your WiFi at any time.
A decibel monitor plugged discretely into an outlet can also monitor the home, pinging you if it gets too loud. You'll also want to consider replacing your locks with ones that include a keypad, allowing you to change the code for each guest.
Hire an Experienced Property Management Company
Lastly, if you're starting to feel overwhelmed, consider hiring a property management company with experience. From maintaining the properties to marketing them in the best way, you can be assured that your property is in safe hands without needing to interrupt your day.
A property management company can be even more beneficial if you own several different types of properties, such as multi-family housing as well as vacation rentals.
Turnkey Vacation Rentals: Managing the Smart Way
Managing turnkey vacation rentals can be tricky if you don't have any prior experience. For instance, you may not be familiar with the market in your area and price yourself out of the competition.
You may also struggle handling guests' questions, concerns, and issues each day if you're also juggling a family, full-time job, and more.
This is why experienced property management companies are recommended. From collecting rent to optimizing the value of your property, you'll have instant peace of mind.
Ready to get started? Contact us today for a free rental analysis for Orlando!