If you're listing your home for rent, there's a lot to prepare for before your place hits the market. The U.S. vacation rental market is booming, and it's expected to hit a revenue of $19.77 billion by the end of 2024.
For those planning to list their Orlando vacation rental property, the process involves quite a few steps.
Check out this step-by-step guide that'll show you how to list your home for rent in a way that sets you up for success.
Prep Your Property
If you want people to be interested in your Orlando vacation rental, start by making sure the property is ready to go. Clean everything from top to bottom, remove clutter, and get the entire space ready for its first renter.
By planning ahead and doing some advance prep work, your property will be beautiful, spotless, and pristine. Take some time to clean the place yourself or hire a professional to help. Now is also a great time to consider a few simple renovations such as upgrading fixtures or appliances, patching holes, or doing some painting.
Listing Your Home For Rent: Research the Market
One of the most important vacation rental marketing strategies you can employ is to look into the local Orlando, FL rental market. The more you know about current pricing and rates, the better success you'll have.
Take a close look at what other properties near you have rented for, and what people are asking for now. This step is key when listing your home for rent because it ensures that you're working with current market conditions rather than against them. People are looking for ways to save money, so it's crucial to be as competitive as possible, within reason.
Highlight Your Property's Best Features
When you're ready to add your property to some popular vacation rental platforms, make sure you're highlighting the best features possible. Take beautiful, crisp, clear photos and include pictures of every room as well as the front and back of the home.
Potential renters want to get a very good idea of what they're paying for in advance. Now is the time to help make your rental property shine by not only highlighting everything with photos but also with the description. Don't forget to include amenities and the location so people are aware of everything your property has to offer.
Once the property is up and listed, remember to be realistic with your expectations. You may not get a bite right away, or you may need to lower the price if you're not getting any interest after a few days or weeks.
Enjoy a Successful Vacation Rental Venture
If you're listing your home for rent, remember to follow the steps from this guide to help set you up for success. With the right preparation, great photos, and a bit of research, you'll enjoy the many benefits of owning an Orlando vacation rental.
Professional vacation rental management from PMI Orlando can help to ensure your rental is a success, so be sure to contact us today to find out more!
