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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