Making money from your vacation home should not be a stressful and time-consuming affair. The most important hurdle to overcome is the mental block with attempting to make money from what used to be an indulgence for you and your family. Things to keep in mind are that beautiful homes need continuous love and care, and this usually means spending significant amounts on upgrading the furniture, adding newer luxuries, a … Read the rest “The Bare Minimum you need to do to earn more than Long Term leasing”
For a holiday home owner who has decided to make it a profitable venture, knowing the running costs of the property is very important. It is perhaps the first and foremost step to preparing a holiday home business plan – even before you decide on your rental rates.
The running costs of a holiday home can vary depending on where your property is situated and how you decide to address … Read the rest “Turning a Profit: Managing Costs and Balancing Income”
Yes, indeed the success of your holiday home rental business will depend on how much time you will be able to put in in running it. So before you even start working on the marketing plan for your holiday home rental business, you must determine how involved you would like to be in the rental process. Renting your vacation home though not a full time job, does requires some level … Read the rest “How time consuming will running your Holiday Rental business be?”
Now that you have decided to convert your fully-furnished vacation home into a holiday home rental for guests, you will need to identify your goals and objectives of your holiday home rental business. Many owners do not take their holiday home as a business and in the long run find that their running costs far surpass their rental income.
Owners therefore need to understand that once they decide to set … Read the rest “The Big Decisions: Setting Goals for your Holiday Home Business”
Without doubt self-catering is now the fastest-growing sector of the travel and tourism industry and today it has emerged as a fascinating area where any homeowner can let his vacation property earn for him. Having said that, once you are in the holiday home rental business, you will soon realize that it is easier to refurbish the house than to run your rental business. The holiday home rental business requires … Read the rest “10 top tips to run a successful holiday home rental business”
Now that you have decided to buy a property to start your holiday home rental business, the first question that comes to mind is how many bedrooms are ideal for letting out to travelers?
There are several factors based on which you should take this decision. But first of all, when you buy a property, even if it is to be used as a holiday home, there will be times … Read the rest “How Many Bedrooms are Ideal for Letting out to Guests?”
Most of the times as the owner of a vacation rental/ homestay you try to make things unique and different from your competitors to give guests something extra than just the room. However have you ever thought of providing a vehicle for guests to move around? Unless guests are driving down to your property, they always feel the need of a vehicle, which can actually increase their mobility. Guests ideally … Read the rest “Benefits of Providing Your Vacation Rental Guests a Vehicle to Move Around”
Imagine what it would have been if McDonalds or Dominos or the Holiday Inn group of hotels operated without a name! Probably they would … Read the rest “Giving Your Holiday Home a Name and Branding It”
This week, we’ll explore storage options in the kitchen and in bathrooms, in the context of homestays. When you have a kitchen that’s meant to be used by your guests, you would obviously be expected to provide an adequate supply of crockery, cutlery, and cooking utensils. We’ve covered the list of essential kitchen utensils previously, but here our focus is on storage.
A homestay kitchen has to take into account … Read the rest “Putting Things Away – the Kitchen and Bathroom edition”
While, running a holiday home is in many ways different from running a hotel, owners must however try to incorporate the good points of the hotel business. And once such area which owners can take inspiration from is while preparing holiday packages for guests. You can include several services based on availability of manpower and how much you want to be involved in the day-to-day activities of your vacation rental … Read the rest “Preparing Holiday Packages for your Holiday Home”
Unless your vacation rental is located on a private island, you will always have other players in the neighborhood. More so in touristy places, holiday homes are a common sight competing with each other for a share of pie. But is blindly competing with each other just enough? In this article I will discuss ways to actually coexist, create a healthy professional relationship and profit from joining hands with the … Read the rest “Benefits of Working Closely With Other Vacation Rentals in Your Neighborhood”
Over the last three weeks, we have been looking at various spaces in a lakeside property in Bhopal. When we looked at the living room last week, we did not discuss the curtains. Very few properties have the luxury of only requiring sheer curtains, as this property does, because it faces a lake and not another residence.
When you do have the privilege of only needing sheer curtains, your … Read the rest “Property Clinic: When Less Should Be More – Part 4”
It’s quite a usual norm that travelers although may book your property from a vacation rental website would invariably like to have a look … Read the rest “Benefits of Building your Holiday Home Rental Business Website”
This week, we look at the living and dining areas in a lakeside property in Bhopal. This is a very curious property indeed. It has a great location and is so spacious that you could call it grand. It’s filled with expensive carpets and accessories, but it appears that the objective was to fill the space, not present it to its best advantage.
If you have living rooms large … Read the rest “Property Clinic: When Less Should Be More – Part 3”
It goes without saying that videos can be a great marketing tool for your holiday home. You can add more credibility to your vacation rental business by offering potential guests the opportunity to view videos of your property instead of just photographs. Even if your vacation rental website doesn’t allow you to upload a video, it is still a good idea to take a video of your vacation rental and … Read the rest “Creating a YouTube Channel of your Holiday Home”
For several vacation home owners it is a dilemma as to how much security deposit he should take from renters or if he should take a security deposit at all. Owners seem to be confused on how much to charge, when to charge, when to refund, and when to withhold damages. So I thought we should do an article on this topic.
Ideally there are two different deposits that you … Read the rest “Setting a Fair Security Deposit and Managing it”
Every owner of a holiday home or homestay, must have encountered guests who ask for refunding the booking amount. However before I go into what you as the owner of a vacation rental should do when renters ask for a refund let us first look at the likely situations when he might ask for a refund.
1. NOT GETTING WHAT WAS PROMISED: Renters ideally book an accommodation based on the … Read the rest “What do you do When Renters Ask for a Refund?”
So your vacation rental website is live and you are ready to promote it so that more travelers find it in the search engines. But building a website for your vacation rental is actually just the first step. What do travelers do after they loved your property images and the facilities you are offering and want to book it? How do they do that?
To enable travelers to book your … Read the rest “Payment Gateway for Your Vacation Rental Website”
When it comes to deciding whether to allow pets in one’s holiday home, many will see it as an opportunity to earn more rental, while many other owners will see it as additional maintenance, pet hairs on carpets and bad odor. So if you still not sure, here are some pros and cons to help you decide:
Increase bookings: By allowing pets to stay in your holiday home you … Read the rest “Pros and Cons of Accepting Pets in Your Holiday Home”
Sometimes, when you’re looking for a place to stay in a city, all the stars line up. You find a property in a great location, close to the city centre, yet on the lakeside. Great views and a lovely lawn lead up to a well-designed house. Just when you think you’ve found the perfect place, you see the interiors. And you realise that careless photography and sloppy attention to detail … Read the rest “Property Clinic: When Less Should Be More – Part 1”