Seven Secrets To Successful Vacation Rentals by Owner
1. Screen Your Renters: It is important to know as much as possible about the party that will be staying in your home. Find out as much as you about your potential renters. Ask lots of questions. The more you are informed, the better choices you will make.
2. Get References: Ask your renters if they ever rented in your area. Don’t forget to check their references. If they do not have any from vacation homes they have rented, perhaps they can give you the name of their current or past landlord.
3. Deposits: Get a security deposit with enough value that your renter will want to keep your place clean and damage free. If there is enough at risk, they will not want to take any chances of losing it.
4. Rules Agreement: It is important to send a rules agreement for the renters to sign at the same time they are signing a renter’s agreement. By doing this, they will know upfront what is expected of them. And, it gives them a way out if they don’t agree with your expectations. read more…
