Common Mistakes in Renting Vacation Homes

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How can you avoid mistakes in renting your vacation home?

Common Mistakes in Renting Vacation Homes

The most common mistakes made by vacation rentals by owner are:

  • Not having a financial “cushion” to handle vacancy periods and property up-keep.
  • Neglecting to maintain property in perfect condition for peak rental cycles.
  • Not hiring reliable cleaning and maintenance professionals.
  • Failing to research online property listing opportunities.
  • Not researching rental rates and under-pricing or over-pricing rentals.
  • Using a poorly written rental agreement.
  • Failing to carry sufficient homeowners/liability insurance.
  • Underestimating the importance of rental amenities and property extras.
  • Neglecting follow-up with renters.
Do your homework. Comprehensive research and attention to detail help property owners avoid mistakes and maintain successful rental track records.

   

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