Did you know that Florida can see over 137.4 million tourists a year? With those kinds of numbers, owning a vacation property along the Florida Panhandle can be a lucrative endeavor. But before you open your home to visitors, plan on following a few key home sharing tips.
Read on to learn how to rent your Panama City Beach home to vacationers!
Make Your Home Appealing
When it comes to home sharing strategies, the first one is to create an inviting space for guests. Apply fresh paint to the walls and spruce up your landscaping. Consider going with coastal colors and decor to play up the vacation getaway theme.
Light colors will make your home look more spacious. An outdoor living space with comfy seating and bursts of color will complete the look.
Know Your Pricing Strategy
Before going live with your Panama City Beach vacation rental, set different rates depending on the time of year. You can expect your listing to be in demand during the high season. In general, the high season spans from April to August.
You can boost vacation rental income if you charge higher rates during the high season. Then back down your prices during less in-demand times of the year.
Understand Local Regulations
Be clear on the local rules governing short-term rentals in Panama City Beach. For example, you'll need a Vacation Rental Certificate. This certificate will include a number that must be displayed on signage outside your property.
Do you have a pool? Plan on getting a pool inspection. You'll also need to have emergency contact information on outdoor signage.
Build a Strong Listing
Home sharing strategies always include a clear and appealing listing. Choose a few reputable online platforms where you can list your vacation property.
Take high-quality photographs that highlight your home's best features. For instance, this could be a balcony with water views or a palatial kitchen.
Similarly, write descriptions that give a clear sense of square footage and home amenities. Let potential guests know where your home sits relative to water access or other key attractions.
Communicate Clearly
Finally, be prompt and friendly with all communication. Respond immediately if a potential vacationer reaches out through a platform with questions. Slow responses mean you're more likely to lose out on a possible tenant.
In general, vacation home management requires being accessible to tenants. Provide your contact information. And check up with guests after they arrive to make sure everything is going smoothly.
When you look online for renting your home tips, you'll see that personal communication from property owners can make a vacation more memorable. Leave a note with suggestions on local sites and eateries. And leave a bag of local coffee as another personal touch.
Follow These Home Sharing Tips
The best home sharing tips are ones that can earn you more income. Make your home attractive and put together a polished listing. Create a winning pricing strategy and communicate clearly.
PMI Emerald Coast is a leading real estate management company with exceptional customer service. With over a decade of experience, we can help with anything from short-term rentals to association management. Contact us today to learn more!
