Have you ever heard of Airbnb or Vrbo? Of course you have — you might have already used them to stay at a vacation rental. But Airbnb, Vrbo, and other vacation rental sites have great opportunities for property owners as well.
Many companies help vacation rental owners rent out their homes, apartments, condos, or even land to people looking for a place to stay, usually as short-term rentals. Rentals can last anywhere from one night to a few weeks.
Mid-length and longer-term rentals (usually months-long) can be a great passive income investment. With the rise of remote work, you’ll find more demand for this these days.
But those companies don’t really handle vacation rental management. Who fixes the lightbulbs, maintains the grass, and changes the sheets once a guest leaves?
Vacation rental property management entails additional work to keep your rental functional and appealing to guests. Here’s what that management includes: