Did you know that New Jersey sees roughly 114 million visitors every year? With so many people visiting the state even after the COVID pandemic, many homeowners are interested in turning their home into a vacation property.
But what are the benefits of VRBO rental management, and what does rental management entail? While these sound like confusing and overwhelming topics, they're remarkably simple once you begin to understand them.
If you're curious about turning your property into a rental property, we're here to help. Read on to learn more about increasing your rental income through VRBO rental management.
What Is Vacation Rental Management?
Vacation rental management is a rather self-explanatory term, relating to managing your rental properties. Rental properties require a good deal of upkeep, particularly in the "on season" when you're renting it out regularly.
It's also a good idea to have your vacation property serviced in between long-term rentals. An extremely short-term rental may require cleaning and some touching up, but it won't require large maintenance tasks between each tenant.
What Is VRBO Rental Management?
"Vrbo" can refer to a couple of different things. The most common term you'll find it related to is a new site, Vrbo.
Vrbo is similar to sites like Airbnb, serving as a platform for homeowners to list their homes directly. However, Vrbo lists entire homes, whereas Airbnb can rent out rooms. As such, you always know as a renter that you have the whole home to yourself - and homeowners know that they need to rent the whole home.
Vrbo is also an acronym for "Vacation Rentals by Owner." That's what the site's name stands for, but you may see people using the term to refer to properties that aren't related to the site. The term has become shorthand for any vacation property being rented by a homeowner.
Still, Vrbo most commonly relates to the website. Always double-check, but it's a safe assumption the term is referring to using Vrbo.com.
Benefits of Vrbo
How can Vrbo help you increase your rental income? Here are some of the main benefits you can expect from using Vrbo.
Short Term Rental
Finding tenants for short-term rental can feel frustrating. Screening tenants to begin with is already difficult, but when they're constantly rotating out, the task becomes monumental.
Vrbo helps to screen tenants and connect you with trustworthy people to live in your rental home. It's an excellent way to tap into the real estate market of renters who only want a brief stay in a vacation property.
Long Term Rental
Vrbo offers aid in finding long-term rental tenants as well. While most people aren't on the site for this renting model, you'll still find plenty of people interested in your property in the long term.
Managing Your Vacation Property
Vrbo rental management helps you find tenants for any renting model significantly faster. You can take much of the guesswork and paperwork out of renting your vacation property with Vrbo.
At PMI Saltwater, we're experts in turning your Avalon, New Jersey rental property into a source of rental income. Contact us today to see how we can help you perfect your vacation property.
