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GR90_Square_5-21-18

Whether you are using your personal home or your rental unit, there are certain steps to take to start offering a furnished rental unit. These six tips will get you started.

Who is your client?

In the short term market, clients travel for business or pleasure. These two groups have very different needs. Business travelers tend to stay longer, but pay a lower rate. Vacation travelers stay for a short period of time, but may be willing to pay top dollar for a prime location or peak season. Will you offer a rental with amenities to compete with a hotel, or will you pack your unit with lots of beds and pullout sofas to sleep as many guests as possible? Figure out which target client will be the most successful in your area, then furnish your house accordingly.

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GR89_Square_5-21-18

Even as technology allows the world to become cheaper and easier to explore, traveling is still expensive. Increasingly, short term rentals through sites like VRBO, Airbnb and the like have become popular for vacationers and business travelers alike. You already pay for your housing costs, so why not offset your mortgage with some rental income during the times when you are not home? Turning your personal dwelling into a short term rental might be aRead More »

GR88_Square_5-21-18

Websites such as Airbnb, FlipKey, and VRBO have given rise to the increasing popularity of short term rentals. As explore whether this kind of rental will work for your home or rental property, there are several considerations to make. It is important to make sure this rental model meets your rental goals before adjusting your rental strategy. Here are several items to consider when evaluating whether to make your rental into a short term rentalRead More »

GR87_Square_4-19-18

Certain costs are to be expected when a rental unit turns over. But when your costs exceed your profits, your biggest asset can turn into your biggest liability. The security deposit is intended to protect against the costs of damages from a departing tenant, but what happens when the costs exceed the deposit amount? When there is damage, the keys are proving that the damage exceeds normal wear and tear, and showing that it isRead More »

GR86_Square_4-19-18

The application process can be tricky. As the landlord, you are trying to get as much useful information as you can, while the applicant may have other concerns. You may be dealing with applicants who are local or from out of state. In today’s world, there is no reason to be juggling a mix of email, text, and paper copies. The application process can be streamlined for everyone involved by taking advantage of an onlineRead More »

View related threads in the Real Estate & Landlord News Forum »

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More rumors surround the subject of eviction than perhaps any other rental topic. Landlords and tenants alike seem to rely on word-of-mouth information, which seems rather inappropriate considering that the eviction process follows fixed guidelines. States and local municipalities set these guidelines, and very few are identical. One feature of virtually all eviction laws is a requirement that landlords give tenants written notices before filing eviction court cases. This is where things get confusing. It takes more than a notice from a landlord for a situation to become an eviction case. A complaint must be filed in court for a case to be officially recorded. Read More »
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