It is really hard to believe that summer is coming to an end and kids are returning to school. One good thing to remember is that this past summer brought a return to summer vacation after a long hiatus due to COVID. Summer rental season brought a crush of people flocking to Charleston, but what will the fall bring? If you plan ahead and have the right Airbnb management in Charleston, SC taking care of things, your No Vacancy sign will continue into the summer 2023 rental season. Here are a few ways to keep your rental going strong all year long!
One of the biggest things that will attract vacationers are updated pictures. If your images are looking a little lackluster, it is important to freshen your rental’s decor and then pay the expense to have a professional photographer capture it in the perfect light. This past summer turned many vacationers into beggars who couldn’t be choosy, but if things slow down, you might just have some competition on your hands. Make sure that you are always putting your best foot forward, including in your online marketing.
Speaking of Online Marketing…
Your vacation home is beautiful and you have put a lot into making it renter-friendly, but if you aren’t advertising it, then no one will even see the hard work you have put in – or even be able to find it to rent. Before you hire an Airbnb management Charleston, SC group, make sure that they invest in you with marketing and social media coverage that will have people fighting to get in the door throughout the year. The key to your rental being profitable is going to be its exposure in the South and across the nation!
The Price is Right
When it comes to maximizing your profits, you have to consider your rental’s ability to attract customers, but the bottom line is always going to be having a competitive price. If you price it too high, you aren’t going to get as many renters – but if you price it too low, you will miss out on a lot of income. Only an experienced and knowledgeable property management company like CVP has done the legwork to know how to price your home according to the many factors that maximize your profits and minimize your vacancies. It is a quantifiable science that we have perfected!
Repairs and Maintenance
It has been a very long summer rental season, with your rental likely having very little downtime. That sometimes can lead to less time to really get in and make sure that your home is in impeccable condition. It is essential to regroup and take the time necessary to perform the appropriate repairs and maintenance that might have gotten lost over the past couple of months. A property management group needs to be on top of those things so your home doesn’t get poor ratings and reviews due to being run-down!
As we say a fond farewell to the summer 2022 vacation period, fall is right on its heels. Whether the rental market will continue with the same fervor as we head into the holiday season, no one knows. What we do know is that the key to maximizing your rental income is keeping your rental rented year-round at the right price! Contact CVP and let us make sure that you are fall rental-ready!