Last Updated: 2/14/25
You’ve decided to rent out your vacation properties to tenants long-term. You want to create a comfortable, convenient rental experience, so you want to invest in the necessary amenities and features.
You also want your tenants to be able to comfortable and have a memorable experience at your properties.
Above all, you want them to know you are available to tend to their needs.
Before you begin renting, here are 4 top tips on renting. These tips are key when choosing to offer your property for long-term rental. They are also useful if you’re marketing your home for short-term stays.
Top 4 tips on renting: what you should know in advance
These tips are gold for first-time landlords. Even if you’ve done this before, you might not have considered them all the first time around.
Set a reasonable price
You’re likely wondering, “How much will my house rent for?” Do your research to determine how to price your rental.
Investigate area rents and tour properties to compare housing quality and amenities. If you do decide to price your rental above average, make sure your property offers more high-quality amenities to make it worth a renter’s money.
If you’re looking at short-term rentals, you can increase profit margins and reduce hassle is to set a minimum number of nights that guests can stay. This allows you to do less cleaning and upkeep between guests.
Have a solid property automation system
A good property automation system will allow you to manage secure entry, temperature settings, lighting, and other devices to not only control costs at vacant properties, but also remove manual tasks like managing keys, resetting lockboxes, and replacing garage door remotes.
It’s a win-win. You provide your tenants with the best experience ever, while reducing your workload and operating costs. The benefits multiply if you manage more than one property.
Choose a system that fits both your needs and that of your tenants. With a platform like Jervis Systems, you can set up automated settings for occupied and vacant properties and eliminate key management.
Familiarize yourself with state and federal laws
The best way to protect yourself from any legal matter is to educate yourself. Know your rights as a landlord and familiarize yourself with tenant rights.
Set rental policies and write a lease
Manage expectations and reduce disputes by creating a list of house rules for renters. Find a basic lease contract online and tailor them to your situation.
Will you allow pets? You may want to require a pet deposit.
Most importantly, create a clear policy on broken leases due to extenuating circumstances. You can find sample leases online, and copy or adapt them to your needs.
If you follow these steps, you’re on your way to putting yourself in the top 10% of renters.
Want to equip yourself with the smart access and automation tools you need for your property? Sign up here to get started with a 14-day free trial of Jervis Systems.