Galveston saw a peak of 8.1 million vacationers last year, and experts anticipate that number continuing to grow in the coming years. All of those visitors need a place to stay so why not rent out your house when you're not using it?
Many families do this to make some extra cash, and some even turn it into a full-fledged business venture.
If you've never set up a vacation rental before, don't worry. We'll walk you through the most important aspects you'll need to consider. Keep reading to learn all about the necessary tasks to create a successful Galveston rental!
Set Boundaries
Turning your home into a rental property doesn't mean you're forced to give up a sense of privacy. It's still a home, so it's up to you to set boundaries before inviting guests inside.
Clear away valuables or keepsakes and section off areas of the home you want to stay private.
Write out the rules for your guests to follow, as well as the repercussions if those rules aren't followed. These could include things like your pet policy or smoking policy. A fee is a typical repercussion for breaking these rules.
As long as all of this information is clear and understood by both parties, you'll find that you'll enjoy your time as a vacation rental owner.
Attractive Listing
Although there are many rental platforms to choose from, you'll want to focus your efforts on a handful of them. Stretching yourself too thin will only cause more stress and a larger workload.
When you list your property for rent, be sure to include:
- Professional photos of the home
- Show off the decor theme
- Explain why your home is unique
- Remain honest with any faults
Remember not to go on too long. Short and to the point often gets more attention!
Thorough Cleaning
You must do a deep clean before guests come to stay. Guests will go snooping around, and they'll react if they find dust or grime in missed corners.
Since the pandemic, cleanliness and sanitation are big concerns for many vacationers. If you can offer guests pristine accommodations, they're sure to rave about their stay.
Beautiful holiday decorations are great for attracting guests, but cleanliness keeps them.
Property Management
Trying to juggle all your rental property tasks can be a lot. This is true even when you have a lot of experience.
To make everything easier to handle, many families turn to expert property management companies for help. These companies take on the tasks of:
- Creating enticing listings
- Marketing
- Booking coordination
- Maintenance
- Check-ins and check-outs
It's a foolproof way to give your guests the best stay possible while helping your rental business to thrive.
Rent Out Your House Today
Knowing the main steps to rent out your house is only the start of your journey into real estate. If you want to ensure you reach your rental goals, it's time to enlist the help of professionals.
PMI Galveston Bay is a local property management company that's family-owned and family-orientated. We have years of experience we can use to help you succeed in renting out your home. Contact us today, and one of our experts will guide you through the process!
