40% of Americans will take at least one vacation each year. Because these trips range anywhere between a week and a few months, short-term summer vacation rental properties are popular choices for travelers.
Here, we're going to talk about how Texas property owners can get the most out of their rental homes in Las Vegas this year. Read on for some tips on making the most of high season by managing a vacation rental the right way.
Declutter, Deep-Clean, and Perform Maintenance
Renters naturally gravitate toward clean, well-maintained spaces. They don't want to do the work of cleaning up dust and debris on their own. They also don't want to worry about plumbing issues or shaky home foundations while on their Vegas getaway.
Make sure that you hire reputable contractors to deep-clean and inspect your property between tenants. You'll find renters faster and won't need to worry about long periods of vacancy. You also will be able to charge a higher rent for a better-looking property, so it pays off.
Don't Shirk Background Checks
Background checks make sure that potential renters have:
- A good credit score
- A history of on-time payments
- A real employer so that they have the money to pay
- No criminal record that could cause them to damage the property or steal your items
- No records of eviction
Tenant background checks ensure that you're letting your property out to high-quality tenants. This is just as important for short-term rentals as it is for long-term ones. A two-week lease still means that the people you rent to will be there long enough to do damage or fail to pay rent.
Set Rent the Right Way
Too low a rent means that you won't make the most out of your vacation rental in Las Vegas. However, too high a rent means that people aren't going to want to stay in your property. It will sit empty and turn you no income at all.
You want to charge a competitive rate, but you also don't want to undercharge. A property manager can help you determine what constitutes a competitive rent. They know the market and can assess what your competitors are charging at any given time of the year.
Work With a Property Manager
All of these activities can be challenging for landlords who just want to make some passive income. You likely have a day job, a family, and other responsibilities. Professional property managers can help you screen tenants and communicate with contractors so you get a good income from your Las Vegas vacation rentals.
These experts have the tools and resources needed for professional tenant screenings and background checks. You won't need to pay unnecessary money for online software that you don't know how to use. They also will already have contracts with maintenance and cleaning teams, so you don't need to worry about finding these professionals.
Make the Most of Your Summer Vacation Rental
Now that you know how to turn the highest profit from your Vegas summer vacation rental home, it's time to get started. Tyler Rental Management is committed to helping property owners in Texas make the most from rental houses nationwide. Contact us to learn how we can help you set rent, contact contractors, and find great tenants this high season.