Finger Lakes travel trends for 2020 showed a significant shift in accommodation preferences. Demand for private vacation rentals has soared above traditional hotel stay by travelers. As the year progressed and our reservations inquiries swelled by 61% year-over-year, one thing was clear, people still want to vacation.
What is the outlook for vacation rental demand in 2021?
Demand for Finger Lakes vacation rentals continues to soar. In fact, our bookings for next year (2021) are up 56% compared to this time last year! Our private rentals have become the preferred choice of accommodations for travelers seeking comfortable, clean, and dependable lakeside spaces.
Our guests and owners value the services included with their premier property. Such services include our 24/7 guest services, professional housekeeping standards, keyless check-ins, and travel planning assistance by our local agents. As we continue to accommodate inquires for our short term rentals, we want to ensure our owners and prospective rental homeowners are optimizing our partnership for the 2021 season.
Why list your home for rent now? Isn’t the season slowing down?
Many assume this is the time when we are winding down for the year. Not true. Yes the rush of peak season is behind us, but with arrivals still 88% higher this fall than last, the momentum continues. Plus, our inquiries for 2021 bookings are flowing in! Now is the time we work with our owners in preparation for next year with optimizing their home, online listing, and rates for the next year.
If you are interested in joining for the 2021 season, now is the best time to get the most out of our partnership for three reasons:
It’s all about the photos! Joining now will allow us to optimize your listing with premier photography before the leaves fall. We will send our staff photographer to your home to get interior and exterior photos PLUS a virtual tour. Photos are one of the most important assets to your listing and will help generate demand for your home.
Take advantage of expert recommendations. Our partnering owners have full access to our team of industry experts. When you join, talk to our Owner Services team about possible upgrades. From remodels, furniture upgrades, to bonus amenities, these will help secure bookings, enhance your guest’s experience, and capture more revenue. If you join this fall, you’ll have more time to make these enhancements before your first guest checks in.
Secure 2021 revenue now! With demand up 56% for 2021 vacation rentals, joining now will get more traffic to your listing and secure more bookings for next year. Secure revenue now for 2021 at the best rates possible.
Want to learn more about partnering with us?
Whether you are currently renting your home, looking to purchase an investment home, or are just starting to explore what it means to be a vacation rental owner, we’re here to help.
We have a dedicated Owner Services Team ready to answer any questions you may have about renting your lake home with Finger Lakes Premier Properties. Contact us today for more information by calling 855-585-5877 Option 4 or by inquiring here.
Are you ready to start a new adventure? Whether you want a completely new start or an investment property to frequent seasonally, Finger Lakes Premier Properties has all the resources you need to start your journey relocating to the Finger Lakes! The Finger Lakes region of Central New York State boasts 11 charming lakeside towns. Finger Lakes Premier Properties has lakefront listing from Canandaigua to Cayuga and beyond, so you can select a property in your desired Finger Lakes region.
For more information on relocating to or purchasing an investment property in the Finger Lakes region, please reference our Finger Lakes Property Management Services. This page is filled with important information for every type of buyer!
Everything You Need to Know About Relocating to the Finger Lakes
How to Begin Your Search
So, you want to purchase a home in the Finger Lakes. Where’s the best place to start? Begin by searching our lakefront listings! Finger Lakes Premier Properties features a diverse inventory of homes for sale across all 11 Finger Lakes communities. You should also browse our buyer’s guide. This helpful resource is a great place to begin your search and get acquainted with our services!
Where to Look
The Finger Lakes region consists of 11 lakefront towns. Each have unique qualities, while maintaining the laid-back lake life that most people who relocate to this area are looking for. Across the Finger Lakes region, you can find world-class wineries, championship golf courses, unlimited ways to spend time on the lake, and more. Not sure which area of the Finger Lakes is right for you? Take a look at this interactive map that shows you where all your interests lie!
What You Can Expect
There’s no shortage of amazing things to do in the Finger Lakes region! Whether you’re a retiree looking for a place to spend each day on the lake or a family looking for a quiet vacation spot, there’s something for every buyer’s needs! Download our free Finger Lakes Vacation Guide for a comprehensive look at all the activities our area has to offer. With more than 9,000 square-miles of property surrounding the 11 lakes, there are endless ways to explore! Here are a few of our favorite things to do in the area as locals:
5 Questions to Determine If a Finger Lakes Investment Property is Right for You
What area of the Finger Lakes do you want to invest?
As we previously discussed, there are several areas to choose from when it comes to purchasing an investment property in the Finger Lakes. As we know all too well, sometimes it’s hardest to make a choice when you have a lot of options. Make sure you narrow your search to a couple of your top lakes before moving forward with your investment property journey!
You can filter homes for sale by lake using this search tool!
How much are you comfortable investing?
We understand that everyone has a unique budget. Determine how much you’re comfortable spending before you begin your search. This will help narrow your choices and give you peace of mind that you’re remaining financially responsible!
What are your goals in owning an investment property?
It’s important to have a goal in mind when purchasing a vacation rental as an investment property. To set a goal for your property, first decide how your family is going to use it. Will you rent it out most of the year? Will you relocate to your rental home for an entire season? Decide how you plan to use your property, then let us know so we can create realistic, sensical goals for your investment property!
Our knowledgeable agents will put together Rental Analysis Projections on any homes you’re interested in purchasing as an investment property!
When do you want to invest?
Game play is important when it comes to purchasing an investment property. It’s important to keep an eye on real estate market trends for each lake before you decide to make a purchase. We’re dedicated to making sure you get the most return on investment! Our team will also keep you up-to-date on the latest vacation rental trends in the Finger Lakes as well as across the entire industry. It’s important to us that our owners are in the loop about the latest happenings!
Become a friend of our newsletter for consistent industry updates!
Do you have a realtor you can trust?
Purchasing an investment property can be stressful. It’s a big commitment, and you deserve to work with a realtor who’s transparent and communicative throughout the entire process. Our team of knowledgeable, experienced agents are here to make your home buying process seamless. We understand that everyone’s journey to an investment property is different, so we pride ourselves on being adaptable and doing whatever it takes to make your dream of a home in the Finger Lakes come true!
Choose Finger Lakes Premier Properties
Ready to begin your journey relocating to the Finger Lakes? Whether you’re looking for a new, permanent homestead or an investment property in the Finger Lakes region, we’re here to help! Our helpful staff is here to answer any questions you may have about our area, listings, and owning a home in the Finger Lakes. We’re dedicated to making your home buying process to be as seamless and stress-free as possible!
Vacation rentals are one of the fastest-growing markets for travelers in the United States. In our 27 years of managing vacation homes, we’ve never seen the amount of growth the Finger Lakes market is experiencing. With this growth, comes growing pains, but we believe Responsible Renting is the foundation to resolving short-term rental issues.
Learn more about why our region needs Responsible Renting:
Our goal is to develop resources that vacation rental owners, neighbors, and local townships can use to educate themselves and their communities about the benefits of short-term rentals and their economic impact on the region. We are also collaborating with advocacy groups, like VRMA and Rent Responsibly to help create a sustainable future for the vacation rental industry.
Contact Owner Services to learn more about current restrictions and to report possible regulations affecting your township.
You’ve decided to dive in and buy your dream house on the lake, but how do you finance this life changing decision? From vacation rental income to second home mortgages, you have many options when it comes to affording your lake house in 2020.
Here are some tips to make buying a lake house a sound
financial decision.
Finance during a year of stability.
The real estate market experienced a year of declining interest rates in 2019. With few economic risks and low inflation, borrowing costs are expected to remain low, making 2020 a great year to take on debt for a long-term purchase.
According to Bankrate, the rate on a 30 year note fell from an average of 4.68% at the beginning of January 2019 all the way down to 3.9% by Christmas. This is really good news for homebuyers.
The lakefront real estate market ended on high note in 2019, with average sales price for lakefront homes projected to continue increasing this year. If you haven’t read our analysis of last year’s lakefront market, start hereand learn why 2020 is the year to finance your lake house.
Consider your use and
classify appropriately.
When financing your lake house, you will need to classify your property based on how it will be used. Typically your lake house will fall into one of three categories for financing: primary residence, secondary residence, or investment property. The type of home you buy will affect your interest rate and may require you to have a higher credit score.
Secondary Residence vs. Investment Property
If you plan to use your home as a short-term rental, you can still classify the property as a secondary residence instead of an investment property, taking advantage of lower interest rates and qualifying for mortgage interest tax deductions. This will vary by lender, but typically your lake house can remain a secondary residence if your home is rented no more than 180 days a year and you occupy the home at least 10% of the time you would rent it. You will have to report rental income on your taxes if you rent for 15 or more days. Learn more about mortgage classification here.
Look for niche
lending options.
With vacation rentals gaining popularity over the last few years, most lenders should have a base level of knowledge when it comes to financing your lake house for short-term rental use. If possible, seek out a finance professional familiar with the vacation rental industry. You lakefront sales specialist may have recommendations for you.
If you don’t intend to rent out your lake house, there are plenty of lending options to meet you where you are financially. Many banks, such as M&T, offer bridge loans to help you purchase a new home before your existing home sells. You can also tap into the equity of your primary home to fund the down payment for your second home (cash-out refinance). Learn more about your lending options here.
Determine your Vacation Rental Income Goals
If your lake house is a second home or investment property, vacation rental income could factor into what kind of lake house you can afford. Your rental rate is determined by the number of bedrooms, bathrooms, amenities, and updates your home has. The larger and more modern the house, the higher the sales price – but also consider that you’ll most likely be able to rent it out more often and for a higher rate.
Our real estate team can provide a vacation rental income analysis for any lakefront home in the Finger Lakes. We provide income projections for the lake houses you’re considering and you can compare side by side how much each will earn, making it easy to determine the level of financing you’ll need.
Consider the extra
costs.
Your lake house will incur higher costs than a traditional or primary home. Here are a few expenses to budget for when determining how much lake house you can afford:
Flood Insurance
Being so close to the water might warrant purchasing flood insurance.
Though not required by New York State, your mortgage lender may mandate that
you purchase a policy in addition to homeowners insurance. Flood damage isn’t
typically covered by homeowners insurance and less than 50% of flooding
incidents are covered by federal disaster assistance.
Maintenance
You’ll likely need a larger maintenance budget for your lake house, especially if it’s a second home or investment property. Lakefront property components, such as docks, decks, boathouses and beachfronts, will need routine maintenance, pressure washing, replacement, clean up, and more.
If your lake house is a secondary residence or investment property, consider hiring a management company to perform these tasks for you. In addition, property managers having a year-round presence at your home can reduce the chances of a break-in and quickly address storm damage or pests to avoid long-term issues and higher costs later on.
Lifestyle
There’s a reason you’re buying a lake house – you want the
lake lifestyle! You’ll want to set aside some funds to buy that boat you’ve
always wanted, and don’t be surprised when the family asks for a couple kayaks
and a jet ski! Prioritize which gear you’ll need once the house is yours – and
plan for more fun purchases later on.
What’s the best thing you can do when purchasing your lake house? Work with a professional that specializes in lakefront real estate. With 95% of our sales being on the water, our team is ready and excited to answer your questions and find the right lake house for you! Call us today (855) 683-8429.
Book Direct Day 2020 is February 5! It’s a day when vacation rental owners and managers from around the world promote a common message: bypass third-party channels to book your vacation directly at the source.
There’s a misconception that when guests book from a third-party site, like Airbnb and VRBO, that those companies are responsible for the rental. In reality, these sites act as a middleman while a local owner or management company oversees your stay from booking to departure. It creates confusion when policies don’t align or when guests don’t know who to call when problems arise.
Here are 3 more reasons why you should #BookDirect this year:
Save Money
Third-party sites tack on extra fees that can can add up at checkout. When you book directly with a vacation rental management company, you can be certain you’re getting the lowest price guaranteed on the rental you’ve selected.
While third-party sites may display many rental options, not every owner or manager uses them. Only a fraction of our 270+ professionally managed rentals are on VRBO or Airbnb and 70% of our bookings come directly from our website or reservation agents. If you can’t find the right rental on a third-party site, contact a vacation rental management company in the area you’re traveling to and see what they have available.
As an added bonus, vacation rental managers send out exclusive promotions and special discounts that can only be used when you book direct. Join our mailing list so you don’t miss an opportunity to save!
Local Experts
When you make the decision to book direct, you’re booking with a team of local experts in the hospitality and tourism industry. Our reservation agents, housekeepers, maintenance techs, marketing team, and more are all members of the local community. Our on-the-ground teams can quickly and easily respond to guest issues and requests. Plus, our local vacation planners provide the best recommendations for your trip based on their intimate knowledge of the area.
Services You Can Trust
You don’t always know what you’re getting when booking your rental on a third-party site. With numerous reports of scams and safety issues for Airbnb users, its more important than ever to know you’re renting from a reputable source. Vacation rental managers hold themselves to high standards with a focus on education, advocacy, and professional services. They elevate the industry and articulate best practices for others to follow.
With high standards and hyper-localized services, comes the ability for vacation rentals managers to guarantee services many independent hosts cannot. Our team is available 24/7 for emergencies and has a fully staffed office during business hours to accommodate special requests. In addition, we have a housekeeping guarantee that promises your home will be clean upon arrival. If for some reason our services are unsatisfactory, a housekeeper will return to make it right, ensuring guests are comfortable in their rental.
To join in on #BookDirect Day, visit FLPPlake.com! Finger Lakes Premier Properties is largest, full-service vacation rental company in the Finger Lakes. Our team has been managing lakefront properties locally for over 26 years.
Browse our selection of over 270 lakeside vacation rentals here or call our reservation agents for a personalized booking experience – (800) 897-8161
Want to know how to maximize your Finger Lakes vacation rental? Read on to learn our best tips and tricks to help you keep your VR booked all-year-round!
How to Maximize Your Finger Lakes Vacation Rental
1. Be Hospitable
Hospitality is a major part of the guest experience. That’s why we’ve gone the extra mile and created a complimentary Vacation Guide for all of our guests to use. It includes the best FLX attractions such as the Finger Lakes wine trails, state parks, restaurants, entertainment, and outdoor recreation. This handy guide is useful and helps our guests plan out their entire trip with ease! We strive for all of our visitors to have the absolute best guest experience while renting your vacation home!
2. Quality Photos Are Everything
Would you want to stay in a vacation rental with blurry, low-quality pictures? The answer is probably not. Photos are one of the first things a potential guest looks for, and you do not want to disappoint. The truth is, people are probably not going to read about your property unless they like what they see.
We highly recommend getting a professional photographer, but if that’s not possible, make sure you take your photos with good natural lighting. Also, make sure you have plenty of updated photos to show off just how amazing your property is! Don’t forget to include pictures of your unique amenities like the fire pit, hot tub, and gorgeous lake view.
3. Know What Potential Guests Really Need
Imagine staying in a vacation home with a full kitchen, stocking up on groceries, and getting ready to cook a gourmet meal, only to find out there are no kitchen utensils or supplies in the house!
Make sure your home is equipped with all the necessities like kitchen supplies, clean linens, toilet paper, soap, and towels to make it easier for anyone staying in your vacation rental.
4. Create The Best Guest Experience
Maximizing your vacation home means creating the best guest experience. Make your visitors feel at home by showing that you care! By providing all of the material items they may need during their trip, Finger Lakes recommendations, and a clean vacation home, you can expect to see your guests return year after year.
Not only does an amazing vacation experience create returning guests, but you can also expect fantastic reviews. And, excellent reviews lead to more bookings and more income!
5. Choose Finger Lakes Premier Properties as Your Vacation Rental Management Company
We’re more than just marketing tips. We’ll talk the talk as well as walk the walk. Your rental property will be in great hands when you let Finger Lakes Premier Properties manage your home.
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We understand the frustrations of taking care of a home, and we know you have other things to do with your time. Finger Lakes Premier Properties offers a turn-key full-service housekeeping option. We’ll also make sure to use the best marketing practices to reach potential guests, including social media and email.
We can also determine and update rental rates on your home to drive revenue and occupancy. We want to make your home rental experience as stress-free as possible!
Are you wondering how you can keep your guests coming back year after year? Little touches make a big difference. Revisit your post season inspection that you had this past fall with our Owner Services Department and check some items off your list this Black Friday! Black Friday must haves for your rental below!
What most people don’t know is that vacation rentals go through more wear and tear than a standard family home. Updating these small items in your home each year will keep your rental fresh, comfortable, and convenient for your guests.
1. Bedding
Bedding, including mattress toppers, pillows, comforters, and quilts, are some of the most frequently replaced items for vacation rentals. Refreshing the linens is crucial for the aesthetics of the bedrooms. Guests value an up kept bedspread and will notice the condition in both the listing photos and upon arrival. Make sure you’re providing a great first impression!
65% OFF All Bedding
70% OFF Memory Foam Pillows and Toppers
70% OFF Charter Club Down Pillows
Lauren Ralph Lauren Pillows only $6.99, originally $20.00
Your rental should have a good collection of pots and pans for day-to-day cooking. Remember, keep in mind your property’s maximum occupancy when stocking your kitchen. If your home can accommodate 10 people or more, you’ll want to be sure you have a set of pots and pans sized to cook for such a large party. If your property is sized for 5 or less, you may want to forego the larger pots and pans and just have a standard size set. One thing many homeowners don’t think about is providing serving bowls or platters. Most families eat together on vacation and will need platters to put their perfectly grilled chicken on and large serving bowls for that delicious salad. Black Friday must haves for your rental below!
A common mistake in vacation rentals is not providing enough dishes to serve all the guests your property can sleep. Ideally, you should have twice the number of plates, bowls, and water glasses to accommodate your rental’s maximum capacity (e.g. If your property sleeps 5, you should have at least 10 plates). It makes it much easier for guests if they can serve a complete meal even if a few dishes are already loaded in the dishwasher.
We recommend investing in matching dishware, silverware, and glassware from a common household goods store such as Target, Walmart, or Kohl’s. You’ll be able to easily replace broken items with matching ones, and your dinnerware will be attractive but inexpensive.
Finally, remember the needs of your guests traveling with children if you intend to attract families. Parents will be grateful if you provide, sippy cups and children’s dinnerware for their little ones.
Food Network 16-pc. dinnerware set service for 4 only $42.49, originally $119.99.
Corelle 12 pc. dinnerware set service for 4 only $49.99, originally $84.99.
A coffee maker is an extremely common amenity in most hotel rooms, and your guests will expect you to have one in your rental. In addition, Some homeowners also invest in a K-cup machine such as a Keurig, which requires less maintenance and is easier for renters to use.
Mr. Coffee 12-cup Coffee Maker only $9.96.
Keurig K-Compact Brewer Black only $40, originally $59.
When you host families, there are bound to be leftovers. And just like any home, you may notice there are a plethora of unmatched storage containers in the pantry. Simplify the cooking experience for your guests with new storage containers.
Anchor Hocking 30-pc. Glass Set only $20.
Mainstays 60-pc. Meal Prep Storage Set only $7.
Rubbermaid Easy Find Lids Storage Set 38-pc. only $7.
Here are more Black Friday must haves for your rental below!
Want to take it a step further than just updating the essentials? Purchase one of these items below to enhance your vacation rental listing and your guests stay! Attract new guests with new features in 2020!
6. Appliances
Most rentals already installed the essential appliances, so we’ll assume you have these in place. Be sure they’re all easy to use and that they still work properly – we’ve seen plenty of rental experiences ruined because an outdated oven runs hot and ruins someone’s family meal. Black Friday must haves for your rental below!
Frigidaire 34-Bottle Wine Chiller only $199, originally $399.
LG 48-Decibel Dishwasher only $399, originally $699.
Frigidaire Easy Care Stainless Steel 25.5-cu ft side by side refrigerator only $799, originally $1,299.
Maytag 3.8-cu ft washer and 7-cu ft Electric Dryer, only $398 ea., originally $699 ea.
While many people vacation in the Finger Lakes to get a break from reality and enjoy the outdoor scenery, they still appreciate the convenience technology offers. This is especially true of the millennial generation who are spending more of their disposable income on vacations.
Guests appreciate smart TVs with cable or a movie streaming service to relax at night, such as Roku. Besides entertainment, a TV contributes to the overall atmosphere and helps your guests feel more at home. If you already have one TV in the living room, you may consider placing additional TVs in each bedroom.
Is your rental lacking a focal point to draw visitors to stay at your rental? Are you wishing for more year-round bookings? Creating a game room or adding entertainment to a common area or empty garage could catch the eyes of a new demographic of guests. Purchase one of these inexpensive games and draw in those family reunion stays and sports junkies. Your rental could be an entertainers paradise. Black Friday must haves for your rental below!
Foosball/Soccer Game Table only $282.14.
3-in-1 7 foot Game Table only $701.23, originally $949.99.
If you are like the people vacationing in the Finger Lakes, you probably chose your vacation spot for the outdoor spaces to savor the scenery. If you want to increase bookings, create an enjoyable outdoor atmosphere for your guests.
One way you can do this is to provide outside furniture. However, throwing a few wooden chairs out in a yard that receives direct sunlight probably isn’t going to do the trick. Instead, you may want to invest in plush furniture that is both comfortable and decorative, but durable enough to withstand the elements. Perhaps some comfy cushions or a recliner would be appropriate so that guests can unwind and relax. It will have them craving your outdoor patio all year round!
When it comes to amenities, do not skimp. Amenities are all those extra things that put the cherry on top. Even the smallest things can make or break a guest’s experience which can affect reviews and repeat visits.
FLPP includes the traditional amenities but you may wish to throw in additional amenities such as a universal charger and adapter to eliminate the fears of travelers who forgot their own.
However, remember that guests are vacationing in the Finger Lakes. If you want to increase bookings, consider adding lake-specific amenities such as paddleboats or kayaks as part of the vacation rental. Another amenity guests look for is a hot tub, especially our year-round renters. In addition to the extra draw, you will be able to increase rates as well. Black Friday must haves for your rental below!
Click below to see the complete list of all the Black Friday and Cyber Monday Deals. If shopping in stores isn’t your thing, then purchase your items on Cyber Monday and have them shipped right to us. We will make sure they are put in your rental and ready for your next guests arriving.
When it comes to winter, there are two types of lakefront homeowners – those who weather the storms and those who head for warmer water. If you own or are considering buying a lake house, but not interested in sticking around for the Finger Lakes snowfall, you’ll need to winterize your home.
Winterization protects your lakefront asset and forces you
to understand your home, inside and out. Plus, you’ll return to fewer
maintenance issues, so you can jump right into summer.
Properly prepare for winter and check these items off your
to-do list:
Vacation rentals may feel like a new trend, but the short-term rental industry has been around for decades in destinations worldwide, including the Finger Lakes. With third party booking sites, like VRBO and AirBnb making vacation rentals more popular and plentiful than ever before, its important to explore what responsible renting looks like and how short-term rentals can continue to add value to our region.
Here are just a few of the ways that the Finger Lakes benefit from vacation rentals:
Vacation rentals uphold the lake culture of our communities.
The Finger Lakes are a traditional summer vacation destination. Our shorelines are lined with seasonal homes and cottages, where families have experienced lake life together for generations. Short-term rentals support the culture of our lake communities, extended stays in the region, and the need for more property tax revenue.
Vacation rentals supplement hotel room supply.
Local hotels book up fast for peak season. Short-term rentals not only supplement hotel room supply, but can better accommodate larger groups and niche travelers. Finger Lakes Premier Properties has hosted over 80,000 guests since 2015. The more tourists our region can lodge, the more we encourage economic growth for local businesses and communities.
Vacation rentals keep family homes in the family.
Short-term rental income makes it possible for families to afford the increasing costs associated with owning a lake house. This allows the tradition of gathering at the lake to continue for years to come.
Vacation rentals support property values.
In 2018, 32% of investment property owners planned on renting their home as a short-term rental, up 24% from 2017. The demand for lakefront homes is growing because of increased demand for short-term rentals.
Vacation rentals create opportunity.
Short-term rentals make the lakefront experience affordable and accessible to everyone. Families have private, recreational access to the water, regardless of whether they have the means to live on the lake. In addition, the vacation rental industry creates a variety of skilled and unskilled jobs throughout the region.
What does Responsible Renting look like?
Vacation rentals managed by professional property managers add significant value to the community by expanding the tax base and attracting direct and indirect spending in our area. Unfortunately, popular listing sites have portrayed the ease of owning a vacation rental without highlighting the importance of managing the experience for the guest, owner, and local community. Read more about what responsible renting looks like here.
To learn more about professional property management services for your short-term rental, visit our website.
Fall is the perfect time for vacation rental homeowners to consider upgrades for next summer. It’s the sweet spot between peak season bookings and winterization, where you can actually slow down and take a look at how your home fared during its busiest months.
While our housekeeping and maintenance teams provide routine care for your home, there are always items that experience wear and tear, requiring repair or replacement. Taking a look things in the fall can help you prioritize investments that will increase your bookings for next year.
Here are a few tips for making autumnal upgrades to your vacation rental:
Shop summer clearance sales to save on big ticket items like BBQ’s and patio furniture. Simply updating seat cushions and outdoor pillows can make all the difference – repeat guests will notice the small upgrades and appreciate your attentiveness to their comfort.
Take a good look at guest feedback from the summer. If multiple guests address a problem area, it might be in your best interest to focus on that part of the home. This can be a huge task, as there are many different ways to receive reviews. Our Owner Services team can sort through the feedback and make helpful recommendations. Plus, we’ll be sure to follow up with guests and update listings to reflect your efforts.Consider scheduling a complimentary post-season inspection, where we provide a list of suggestions to increase bookings for next year.
When it comes to larger projects or renovations, start planning early! Do your research, source reliable contractors, and develop a timeline for the work now, so construction doesn’t interfere with next year’s calendar.
Ultimately, our goal is to maximize the income potential of your vacation rental. The best – and easiest – way to increase bookings and demand a higher weekly rate is to make regular updates and improvements to your home. Here are a few more resources to get the ball rolling:
Secure booking for 2020 now by becoming a Premier Partner! Learn more.
If you’re an independent rental owner, we want to know how your peak season went! What were your challenges with guest turnover? Did your home see more wear and tear than you expected?
We’re your local partner in vacation rental management. Call us today to learn more about what we can do to help! 844-573-7255 | Opt. 4
