The holidays are a traditional time for visiting distant friends and family. Everyone looks forward to reconnecting with people they haven’t seen for a while and enjoying that festive holiday feeling. Things run smoothly until people start to feel crowded and kids start arguing. Nothing can ruin a gathering faster than whining children and stressed parents.This is when a short-term vacation rental home comes to the rescue.
Short Term Vacation Rentals
Short-term vacation home rentals are growing in popularity, especially during the holidays. Prospective guests recognize the obvious: a single-family home rental offers far more space than a small hotel room or even a suite, especially if you have children. Unless they have a spacious, comfortable home, staying with friends or family can start to feel cramped. Even if your family’s home is large, too much togetherness can go awry quickly.
If your vacationing with the entire extended family, a large home rental is less expensive than a resort, offers more privacy than a hotel, and provides a more enjoyable experience than conventional accommodations.
Most people are familiar with Airbnb, VRBO, and many other online short-term property rental sites. If you aren’t familiar with this concept, property rental sites enable hosts to list properties online for viewing by prospective vacationers. Online listing also enables a secure payment platform for the benefit of both guests and hosts. If you’re interested in making some extra income, this can turn into a profitable business venture. As a bonus, if your rental property is close to your residence, you can use it for visiting family.
Where do I start?
The first step to becoming a short-term property rental host is to register your property by submitting photos and descriptions of your rental space. Travelers who are looking for accommodations in your area can view these listed properties using criteria like availability, the number of bedrooms, price, and amenities to refine their search. Prior to booking through the online service, a guest can contact the property owner.
Where Does self storage fit into the picture?
Travelers are looking for a welcoming space that they can quickly settle into. They want to make it their own, even for the short time that they are renting. If you want your rental to be more welcoming, you need to depersonalize and declutter. This is where a self-storage unit becomes your ideal solution. A self-storage space will give you the perfect place to store valuables, personal mementos, bulky furniture, and anything your guests won’t need during their stay.
Storing items like family photos, books, and memorabilia will not only ensure the safety of these items and provide a more welcoming atmosphere, but it will help to make the online photographs of your rental more attractive to prospective guests. You’ll want to make your space look sleek and appealing because the way the property appears in photographs has a huge influence on your number of bookings.
Self storage for your home rental business may be tax-deductible.
Renting a self-storage unit for your home rental business may also provide you with a tax incentive. If you want more bookings and more income, using self storage to tidy up your space is a necessary business expense. The IRS generally allows business deductions if they are ordinary and necessary. Be sure to keep careful records and consult your CPA.
Be cautious when you choose your self storage space. Look for a secure, dependable, affordable facility that has flexible leasing and 24/7 access. The home rental business can be a serious source of extra income. Do your research to determine if it works for you. If it does, go for it!