Helpful Tips To Manage Short Term Rentals
Feeling relaxed and being able to enjoy life while owning a rental property IS possible! At Aisling Baile, we understand how stressful and challenging it can be to own a revenue-generating property, especially when you are doing it for the first time.
As property owners, we experienced it first hand! As a consequence, we realized how important it was to help others manage their properties so they could see it as an exciting and stress-free experience. You can learn more about our story and how we have become experts at property management in our blog.
Aisling Baile offers you the most personalized and reliable property management service in the market. Continue reading to find some essential tips that will help you to provide your guests with an amazing experience during their stay.
Excellent Service, Awesome Reviews, More Bookings
When it comes to short-term rentals, reviews are vital. While good reviews increase demand, bad reviews will do the exact opposite. Therefore, it is important to provide your guests with a variety of recommendations to have a good time, such as the best restaurants, local events, etc. You could even include a small welcome gift for the guests as an extra touch! Keep in mind that if your guests or tenants are satisfied with the service they receive, they are more likely to provide you with positive feedback that will eventually increase the occupancy rate.
Provide The Basics
As a guest, you would love to receive the finest treatment during your stay whether it’s at a hotel or AirBNB, and your guests are no exception! So, in order to meet their expectations successfully, you must make sure they are provided with all the basics, such as towels, soap or even a hair dryer for the ladies! As some guests travel from a long and restless ride, some only bring a few necessities with them to be practical. Therefore, providing them with cleaning supplies, cookware, dishes, and utensils will be highly appreciated.
Be a Budget Boss
When running a revenue-generating property, proper budgeting is crucial. In addition to the listing platform fee, it is necessary to cover utilities, maintenance costs, cleaning expenses, and plenty of other payments. In order to provide your guests with an amazing experience they would love to repeat in the future, you need to balance it carefully with your income to achieve positive cashflow property. Being smart about your budget definitely pays off!
Keep the Property Well Maintained
It is possible that some maintenance issues like a leaky faucet can’t always be foreseen during a booking, but issues can be addressed by following a regular maintenance schedule to prevent them from turning into a real tragedy. In order to prevent such, running an inspection weekly, monthly, or annually is crucial. Remember that regular maintenance not only will help you avoid costly repairs; but will also ensure a pleasant living environment for your guests.