5 Things To Consider When Listing Your Holiday Rental Property
Listing your property as a holiday rental on EzyStayz is a great way to increase your return on investment. But it’s not just a matter of putting it online and watching the bookings roll in. Being a successful host requires time and a bit of know-how, ensuring you’re meeting all necessary regulations and maximising your income returns.
So in this guide, we’ve put together a few things you need to take into consideration when deciding to list your property as a holiday rental on EzyStayz.
1. Complying With Rules And Regulations
Each jurisdiction has their own rules and regulations relating to holiday rentals, which (in most cases) differ from long-term rentals. Some councils also require that you seek approval for short-term leasing before you go ahead, so it’s important to contact the relevant authorities to ensure you’re doing things by the book and won’t run into any trouble in the future.
2. Tax Obligations
It’s important that you declare any income from rent for tax purposes to your relevant government authority, as failing to do so may have legal consequences. You may also be eligible to claim on rental property expenses, so keep track of any maintenance, interior design or supply costs associated with managing your holiday rental.
3. Preparing Your Property
Every property is different, but most guests expect a certain level of comfort and amenities when booking a place to stay. It’s important that you have suitable furnishings to cater to the number of guests you are allowing to stay, which includes everything from beds to dining room chairs and bathrooms available. If you’re providing a kitchen, make sure it’s well-equipped with all the utensils your guests might need to prepare a meal. Most guests will also expect linen on the beds, with towels a welcome extra so they don’t have to bring their own.
Once you’ve covered all of the necessities, think about the little extras that could make a big difference to their stay, such as board games, a bottle of wine or bread and milk for their first night. It’s things like these that will cost you very little but could have guests leaving rave reviews.
4. Creating Your Listing
When adding your listing at EzyStayz, it’s important to include all of the amenities you offer, as well as any details that will assist in creating realistic expectations for guests. Add an accurate property description that will help guests decide whether your listing is suitable for them, including its unique selling points, number of bedrooms and any nearby sites of interest.
You should also add high-quality photographs that reflect each of these points, so guests can picture themselves staying in your space. If you’re trying to appeal to families or those with pets, make this clear by detailing any specific features that are tailored to them.
5. Managing Your Property
One of the most time-intensive parts of having a holiday rental is managing your property, which can include greeting guests, cleaning between bookings and responding to online enquiries. Some hosts love to be as hands-on as possible in these aspects of their business while others prefer to work with a co-host who can handle many of these tasks in exchange for a percentage of the profits.
How you decide to manage your property is a personal choice but it’s important to consider your current lifestyle and whether you can meet the demands of managing a holiday rental property on your own. If you’re living remotely, having a co-host take care of things may be a necessity. But it might also be preferable for those who are working busy jobs or don’t consider themselves a “people person”.