About 74 million tourists travel to Orlando each year. That uptick in visitors gives you a chance to maximize profitability through your vacation rental. Without a plan, however, managing your rental can become stressful.
Before that happens, apply these five tips to improve a property rental for vacations in Orlando. With these strategies, you can create a stress-free vacation rental that appeals to potential guests.
Set yourself up for success with these vacation rental tips!
1. Create Ideal Getaway Rentals
Research other ideal getaway rentals in Orlando to remain competitive. Consider the amenities and upgrades they offer. Property upgrades that can enhance guest experiences include:
- Energy-efficient appliances
- Smart home technology
- Storage space
- Upgraded floors
- Fresh paint
- Designated workspaces
- Luxury bedding and linens
- Modern washers and dryers
Invest in landscaping services to make a strong first impression on potential guests. If the property looks shabby from the outside, they won't book a stay.
After making these upgrades, hire a professional real estate photographer. High-quality photos will wow guests as they search through listings. You can use these photos for your social media marketing and paid advertising strategies.
2. Implement Smart Home Technology
Use smart home systems to modernize your vacation rental and streamline processes. For example, smart locks can simplify the check-in/check-out process. You won't have to worry about guests losing their keys.
Smart thermostats can ensure energy efficiency and improve a guest's comfort. You may generate more bookings if you install a security system as well.
Other smart home devices include:
- Automated lights
- Online guest portals
- Smart TVs for streaming
Your guests have certain rights when renting vacation properties. Review local and state laws before implementing smart home technology.
3. Set Clear Rental Rules
Outlining your rental policies will help you set clear expectations. It can also minimize miscommunication.
Establish:
- Check-in/check-out times
- Noise levels
- Pet policies
4. Optimize the Online Listing
Enhance your online listing to invite guests to one of the best vacation cities in the US. Use a compelling headline to draw them in. Then, write a detailed description to help them fall in love with the property.
Use dynamic pricing tools to remain competitive. Your pricing should change based on demand and seasonality. To compete with other holiday property rentals, offer packages or discounts for extended stays.
5. Hire a Property Management Company
If these vacation rental tips aren't reducing your stress levels, ask for help. Partner with a full-service vacation rental management company.
They can improve guest experiences, leading to more five-star reviews and bookings. Generating more bookings can improve your profitability and reduce your stress.
Improve Your Property Rental for Vacations
Managing a property rental for vacations can become stressful fast. Instead of doing it all alone, outsource. Work with an experienced property management company in Orlando.
Our team at PMI Orlando has a strong record of success and the prestigious awards to prove it. We have 10 consecutive years in the Top 500 as one of the top property management companies.
We're committed to enhancing and adding value to your vacation rental property. Contact us now for a free rental analysis.
