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Should My Home be a Vacation Rental?
Posted by Amanda Schauer | Wednesday, November 20, 2019


Important Traits of Popular Vacation Rentals:

  • Size of the Home
  • Pet-Friendly?
  • Location
  • Amenities
  • Length of Owner Stays

So you are thinking of turning your home into a Vacation Rental? Wonderful! It’s a great way to earn some extra money when you are not living in it! But not every home is cut out to be a Vacation Rental. More and more guests are expecting better homes, more premium amenities, and fantastic locations. Here are some helpful tips to help you find out if your home should be a vacation rental!

Size of Your Home

First things first, is your home 3 bedrooms or larger? If not, your home is likely to not get as many bookings. Studies have found that 3 bedroom homes or larger perform significantly better than smaller homes. These homes are great for family get-togethers, friend reunions, and more. If your home is 3 bedrooms or larger, that’s great news!

Pet-Friendly?

The second thing to consider, do you want your home to be pet-friendly? Let’s look at the statistics. In 2018 we found that homes that allowed pets performed 38% better than homes that did not allow pets. Homes that allowed pets in 2018 had an average occupancy percentage of 33.22%, whereas homes that did not allow pets had an average occupancy percentage of 24%. 2018 Occupancy Percentage, Vacation Rental 365

Many guests are looking to travel with their furry friends. Most pet-friendly homes require a guest to pay a pet fee if they know they are going to be bringing their dog to their home. This pet fee can help offset some of the costs in managing a pet-friendly vacation home. But the real benefit to having a pet-friendly vacation home is taking advantage of the opportunity cost from the guests that wouldn’t have stayed with you otherwise.

Location

Is your home near local attractions or events? If your home is close to local events and attractions, you are sure to get more reservations. Guests want to be close to the best things to do in your area! Make sure you highlight why guests should choose your home in the property description.

Amenities

Hot Tub, Beargrass Lodge, Vacation Rental 365 Does your home have a private hot tub or game room? Homes that offer premium amenities like a private hot tub, heated game room, or pool access, are going to perform much better than homes that do not. Guests rent vacation homes to get away and enjoy themselves. Give guests as many opportunities as possible for them to pick your home instead of someone else’s.

Owner Stays

Are you planning to use your vacation home for Owner stays more than 30 days out of the year?Take into consideration how many times you are wanting to stay at your vacation home and what time of the year you’re planning to stay. Do you want to use your home for a summer getaway? Guests may want to also. Try to plan your owner stays to your location’s off-season to avoid filling your home’s busiest time with owner reservations. Most holidays, prime summer, and prime winter are times to avoid, but it will depend on your location’s attractions. If you are staying at your home, that’s a time that a guest can’t stay at your home, and that’s missed revenue.

Now that you have determined whether your home should be a Vacation Rental it’s time to go into how to properly manage your property! Please see our next blog post for Part 2 of this series. Subscribe to our emails to get notified when we post it!

If you don’t want to manage your vacation home, email Vacation Rental 365. We are a proud management company in Cle Elum Washington that manages over 45 luxury homes in Cle Elum, Suncadia Resort, and Ronald. We have 6 years of experience behind us and we promise to treat your home like our own. Click here to learn more about our management services or click here to send us a message about your home! We would be more than happy to talk to you about what we can do for your home!

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Testimonials

Yakima River Retreat “This cabin is not a cabin at all but a really spacious beautiful lodge-style home. Deer wandered throughout the weekend and the view of the nearby river completed the fairy tale scenery. Add into that a nice hot jetted tub soak overlooking that beautiful setting, from the warmth of the very luxurious master bathroom, completes the restful stay for us. We would definitely come back to this lodge for summer or winter stays. ”

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Breckenridge Heights “The views were outstanding and the fresh snow just made it magical. I also need to give a shout-out to the great team at VR365 that we worked with. They went above and beyond to help us and were both compassionate yet professional. Do yourself a favor and rent this house! You won't be disappointed!”

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Elk Sedge in Suncadia “This property was so clean and cozy from the moment we walked through the doors. The home was stocked with everything you could ever need in the kitchen and such quality dishes. We cannot say enough good things about this home! VR365 was amazing in their customer service with answering questions and making my family feel so comfortable. VR365 Rocks!!"

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Beechwood Lakehouse "The cabin was very peaceful and cozy retreat that was enjoyed by the entire family during the Thanksgiving break. The deck with the hot tub and fire out / space heater was perfect to enjoy the tranquil surroundings. We enjoyed the short walk to the beach too! Overall a great vacation rental!"

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Evergreen Escape “We had a wonderful family time! The cabin is clean, cozy, and stocked with everything you need! VR365 rental staff were exceptional. We were able to enjoy the Harvest Fest at Suncadia, which is just minutes away!"

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Elk Run Lodge “Our family of 10 stayed at Elk Run Lodge for my mom's 80th birthday. We were thrilled with the house. The kitchen has a large island and a very large dining room table. When my parents went to bed in the upstairs master, we headed downstairs to the game room and watched movies, played games, and ping pong. I'm terribly picky about where I stay and I loved this house and hope to rent it again!"

- KONINGH 11/16/18

Parrot Nest “Our stay was so much fun! It was a beautiful home surrounded by trees and snow. We wanted to stay for a month! This was the best vacation we have had yet!"

- BONNER 1/09/19

Cascade Mountain Villa “I visit the Roslyn / Ronald area at least 3x a year and each year the area gets more charming with new shops and restaurants. VR365 was incredibly helpful, offering suggestions for everything around town and was very responsive with any questions. It was a dream experience!"

- STEPHENS 10/23/18

  
  

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