Sarasota was recently ranked among the best Florida cities for family getaways. With plenty of family-friendly attractions, there's no end to what Sarasota can offer visitors of all ages.
This is also great news for Sarasota homeowners looking to earn some extra income. Traveling families are often looking for spacious accommodations where they can cook, relax, and sleep in separate bedrooms. That's where short-term rentals come in.
If you're wondering how to rent your home to vacationers, you're in the right place. Using your property as a short-term rental space can yield impressive returns when done well.
Read on to learn more about renting your home to travelers in Sarasota.
Learn the Law
Turning a property into a short-term rental isn't as simple as marketing it to vacationers and handing over the keys. As the vacation rental industry grows, local governments are putting laws and regulations in place to best support full-time residents, property investors, and travelers.
One important thing to know is that in Sarasota, you must offer rental contracts with a minimum of 7 consecutive days and nights. In other words, you can't rent out your home for the weekend. This is especially important to keep in mind if you're planning on using your personal home as a vacation rental.
Make Your Home Renter Friendly
The vacation rental market is competitive and guests have high expectations. It's important to ensure that your property is well-maintained and clean. You should also consider offering at least a few amenities, such as in-unit laundry, free WiFi, and desirable countertop appliances (e.g., coffee makers).
If you are renting out your personal home, you should also protect all personal valuables by storing them in a locked room or closet. You may want to depersonalize spaces that are available to renters by removing things like family photos or divisive materials.
Partner with Vacation Rental Management
In order to run a successful vacation rental, you're going to need to take a hands-on approach to everything from marketing to guest relations to maintenance. You'll need a regular system of communication that guests can use to get in touch and a business relationship with local vendors such as plumbers, electricians, and cleaners.
Many property owners and investors don't want their vacation rental to become a full-time job. This is where vacation rental management comes into play. With our help, you can reap the benefits of owning a vacation rental without any heavy lifting.
Call PMI to Learn How to Rent Your Home for Vacation
Vacation rentals are in high demand in Sarasota, a popular destination for families. If you want to learn how to rent your home for vacation without all of the trial and error, it's time to consider partnering with short-term rental management.
At PMI, we have the experience to turn your home into a thriving space for vacationers. We are committed to marketing and maintaining your property and making your guests as happy as possible. Contact us today to learn more about our services in Sarasota.