Make more money from your vacation rental home

Mar 30, 2012

If you own a rental house or a second home, perhaps one of the biggest problems faced by you might be preparing and keeping your residence when it’s not unavailable or borrowed. When you shut your home for some time there’s always a nagging fear whether you’ve taken enough precautions to keep your house in proper condition, and how livable it will be when you reopen it for use. Many property owners end up spending funds on an yearly basis to keep their rentals in livable situation, and this drains their profit margins as well as their monthly incomes. Property owners can minimize this loss by allowing for a few suggestions and keep their rental beach properties comparatively free of repairs and unwanted expenses.

Maintain relations

Having a cooperative neighbor can go a long way in saving upon your maintenance costs. Maintenance costs generally spiral up when small repairs are not carried out in time. So it’s important to detect and fix problems in their infancy before they increase in magnitude and become monumental. A good neighbor can be always requested to inform you about what repairs need to be carried out from time to time by visiting and checking your rental home. Timely repairs cost less, and you end up saving upon that extra amount which you would otherwise have been forced to spend. Keeping good relations with your neighbors can help you get regular maintenance updates and you end up saving money.

Temperate up your home from time to time

Property owners prefer to totally shut off the heating systems when they have to lock up their disused homes. This can lead to freezing water and drainage pipes which sometimes burst under very cold conditions and lead to expensive repairs. So it’s recommended to insulate the pipes and if possible to periodically warm up the interiors by switching on the heating system for short duration. Using a timer to regulate the heating system would be the best option since you end up saving extensively on the electrical costs. It’s a good example of how to rent your house in a gainful manner without incurring a lot of unnecessary expenditure.

Keep your house neat and clean

Most of the property owners who let their premises don’t bother to clean up their homes before closing it. Occupiers rarely, if at all, clean up when they vacant. Fare scattered around the kitchen floor and around the house attracts rodents and insects which thrive on scavenging. Their presence invites diseases and problems in many forms and ways. Wet areas around the house tend to attract insects such as slugs, centipedes, and roaches, so it’s recommended you check for spills, leaks, and pools of water and damp regions in or near your house. Drain pipes and the drainage system is a heaven for most insects including mosquitoes, so it’s a good idea to disinfect the drain and have it fitted with micro mesh filters to keep the house clean and free of unwanted “guests” – rodents, roaches, insects, and mosquitoes – the entire lot. Drying up damp areas and fumigating the entire home from time to time in addition to clean it up regularly can help you reduce your preservation costs.

Prepare your home as per the local climate

Architects and floor designers like to promote eye-catching and fancy designs to catch the property owner’s “eye” and make the home look more appealing and attractive from the commercial point of view. Quite often the exotic designs fail to take the local climate and its variations into consideration. Some places such as Miami have shown climatic changes in the recent times. So it’s quite possible what was considered as the “perfect” design in the past when the home was built might not be so “perfect” as per the recent climatic or weather changes. If you are experiencing heavy snowfall or rainfall in the recent times, and your asset is not structured to incorporate the nature’s onslaught, getting professional help and spending some money to prepare your house for “Get Benefits and Make Money by investing in Vacation Rental Industry” the changes can help you save in the coming years and the future.