If you're looking to get into the short-term rental game, there are a few things you need to know in order to be successful. In this article, we'll discuss some of the best ways to get more bookings for your short term rental.
Start with a great listing
A great listing can be the key to success when it comes to selling a property. Listings should be detailed and accurate, highlighting the best features of a house or piece of land for potential buyers. Any photos or floor plans should also accurately represent what is being put up for sale in order to create trust between buyer and seller. It is important to ensure that all relevant information regarding size, location, legal matters, etc., are clearly stated so that potential buyers understand exactly what they are looking at before furthering their interest in a property. A well-crafted listing can also create a sense of excitement from prospective buyers so that they become more engaged with the listing and ultimately make an offer.
Price your rental appropriately
When pricing your rental property, the most important factor to keep in mind is the market value of comparable properties in the area. Determining an appropriate asking price for your rental starts by researching the current rental rate for similar properties. Additionally, evaluating any amenities or features that differentiate your property from competitors can also help you establish a competitive price point. Obviously you have to cover costs and make a profit, but setting a price that is too high can potentially reduce traffic to your property and cause you to miss out on potential income opportunities. Always take the time to properly assess what your rental is worth within existing market conditions prior to setting a final asking price.
Make your property look its best
Making your property look its best is a smart decision for homeowners who are nearly ready to list or who are just looking to impress visitors. Curb appeal plays an important role in attracting potential buyers or visitors, and there are many easy ways to boost a home's overall appearance. Start with the basics like pressure washing the siding, repainting any faded spots, and ensuring all hardware is accurate and up-to-date. Next, spruce up landscaping by adding color or plant life; even something as simple as a few flowering plants can go a long way. Last but not least, focus on accessorizing. Simple accents like new entry doorknobs and overhead lighting fixtures can bring the whole look together no matter how big or small the changes may be.
Provide excellent customer service
Providing excellent customer service is key to exceeding expectations and delighting customers. It involves being proactive, creative and responsive when attending to customers' needs. Our goal should be to exceed the typical industry standards for response and resolution times, demonstrating our commitment to our clients’ satisfaction. We should strive to communicate promptly and professionally with a great work ethic. This level of service reflects positively on us as a company and will ultimately result in a more successful business.
Offer discounts for longer stays
Offering discounts for longer stays is a great way to attract more customers and build loyalty over time. Not only would guests take advantage of lower rates due to the extended stay but it would also provide an incentive for them to stay a little longer and potentially explore new activities or attractions in the area. For example, when renting out a hotel room at our location, guests staying for more than 5 days receive an automatic 10% discount off their bill. With this in mind, businesses everywhere can harness the power of discounts for longer stays and turn short trips into memorable vacations.
We hope that you have found this content helpful and informative. Be sure to check our website, YouTube channel, and social media pages for more content like this, as well as updates on our latest projects. As always, if you have any questions or need assistance with anything related to short-term rentals or property management, please don't hesitate to reach out. We would be happy to help!
Corporate Office
C&C Monterey PM Inc. DRE 01526734
Kyle Chernetsky DRE 01928366
Kevin Cesario DRE 01953086