Tips for successfully finding a winning Short Term rental property (3 minute read)

[Mike Eichler]

In recent years, short-term rentals have become increasingly popular as an alternative to traditional hotels. Whether you're a homeowner looking to make extra income or a traveler looking for a unique accommodation experience, short-term rentals can be an excellent option. However, finding the right rental can be a challenge. Here are some tips to help you find a successful short-term rental.

Location is Key One of the most important factors to consider when choosing a short-term rental is location. You want to be in an area that's convenient and has popular attractions nearby. For example, if you're looking to attract tourists, consider properties near popular tourist destinations such as casinos, ski resorts, or water parks. If you're looking for longer-term renters, consider properties in areas with good schools or employment opportunities.

Amenities Matter Another important factor to consider is the amenities offered in the area or community. Properties with access to amenities like pools, tennis and basketball courts, or lakes can be attractive to renters, especially families. These amenities can provide additional value to the rental, making it more appealing to potential renters.

X-Factor Features Finally, consider properties with X-factor features that set them apart from other short-term rentals. These features could be things like hot tubs, saunas, or game rooms. These types of amenities can be particularly appealing to renters who are looking for a unique experience or a way to unwind after a busy day of activities.

In conclusion, finding a successful short-term rental requires careful consideration of several factors. Location is key, and being near popular attractions can help attract potential renters. Properties with access to amenities like pools, tennis and basketball courts, or lakes can be particularly attractive to families. Finally, properties with X-factor features can be a great way to set your rental apart and make it more appealing to potential renters. By taking these factors into account, you can find a short-term rental that will be successful and provide a unique and enjoyable experience for renters.

Hope this helps. Happy renting :)

Written by: Mike Eichler, 

Realtor and Investor.