Look at you all set and excited to list your property!
It’s certainly a step in the right direction.
And yes, can be a bit confusing too.
So, read on and we hope our tips will help you in easing out the process.
1. Be realistic about your pricing – don’t over or undercharge. Do some research around your area and find the right price.
2. Have a financial plan in place. Your revenue will depend on three key factors:
i. The specific location
ii. The level of luxury
iii. The size and amenities
3. Plan to reinvest in your home with part of the revenue you earn. More guests mean more use of your home which will require more upkeep. Keep it tip top!
4. Be strategic about peak periods. Otherwise known as high season, these months will fetch you 2x to 3x revenues, sometimes even more. So, make best use of them.
5. Create a preventative maintenance plan. 95 percent of issues are preventable with the proper maintenance of your home. Save yourself the trouble of repairs, refunds or losing valuable guests!
We know we promised 5 tips but number 6 is the most important:
6. Hiring a leading property management company (Hint: OnePerfectStay) will be the best decision you make!
