Have you heard that over 74 million people visit the Orlando area each year?
This means that running a vacation rental business can be a brilliant idea. While there are tons of people around to rent, you still have to worry about other entrepreneurs.
This is where solid vacation rental management skills come into play. Read on to see how you can keep your Orlando vacation rental filled all year.
Understand Your Market for Rental Property Success
Research the Orlando area to understand what travelers are looking for. Look at other holiday homes in the area.
Note their prices, amenities, and reviews. This will help you set competitive prices and offer what guests want.
Create an Enticing Listing
Your online listing has to include high-quality photos. Make sure your descriptions are as clear and detailed as possible. Highlight special features of your property, and mention nearby conveniences and points of interest.
Maximize Rental Income by Setting the Right Price
Pricing your rental correctly is one of the most crucial short-term rental strategies. Use dynamic pricing tools that adjust your rates based on the following:
- Demand
- Season
- Local events
Keep an eye on your competition's vacation rental pricing as well.
Provide Excellent Customer Service
Good customer service can make guests want to come back to your unit again. Respond to inquiries quickly, and always be polite and helpful. Make the check-in process easy and efficient, and provide a welcome guide with local tips and house rules.
Keep Your Property Clean and Maintained
A tidy and maintained vacation unit will impress guests. Hire a reliable cleaning service.
Schedule regular maintenance checks, and fix any issues right away. This ensures guests have a nice stay and leave glowing reviews.
Offer Essential Amenities
Guests appreciate having essential amenities. Provide the following things:
- Clean linens
- Towels
- Toiletries
- Wi-Fi
- Kitchen supplies
- A TV
- Board games
Market Your Rental Effectively
Another one of the top vacation rental tips is to pay attention to your marketing. Promote your unit on social media, vacation rental websites, and local tourism sites. Encourage guests to help your rental business out by leaving nice reviews.
Be Transparent with Policies
Clearly communicate your rental policies, and include information about the following:
- Check-in and check-out times
- House rules
- Cancellation policies
This will keep your guests on board.
Optimize Your Calendar
Manage your booking calendar efficiently. Avoid double bookings by syncing calendars if you list on multiple platforms. Offer discounts for longer stays during Orlando's off-peak seasons to help fill vacant dates.
Invest in Security
Install secure locks, smoke detectors, and a first-aid kit. Consider adding security cameras in common areas. A secure property gives vacationers peace of mind.
Personalize the Guest Experience
Personal touches can make a guest's stay memorable. Leave a welcome note or small gift. Provide local recommendations based on guests' interests.
Vacation Rental Management Doesn't Have to Be Hard
By following these vacation rental management tricks, your rental business will be a huge hit. Focus on providing a stellar guest experience and managing your property well to boost your income.
Do you need help with holiday home management in Orlando? Contact PMI Orlando MyPlace to discuss our property management solutions. Our team has over 17 years of experience in real estate.
PMI Orlando MyPlace serves Windor at Westside, Solara and surrounding communities.
