Looking to hold onto your home after you move, but nervous about renting it out? Do you wish you can get in on the vacation rental game but have a 30-day minimum rental period to meet your HOA requirements?
We can help! The vacation rental market is a truly dynamic part of the industry with many opportunities for revenue-generating success.
What comes to mind when you think of a vacation rental home? Is it an investor-owned home that’s furnished and designed specifically for weekend guests? Is it a second home that isn’t being used all the time and is only rented out when the owner isn’t there? Or, maybe it’s someone just renting out a spare bedroom?
The truth is these are all common types of vacation rentals that you can find in a quick online search. The vacation rental opportunity we’re going to highlight today is the one most people don’t realize you can do; monthly rentals.
Book Your Vacation Rental Monthly
Vacation for a month … Is it really that common?
Everyone’s circumstances are different but, yes, some people are fortunate enough to spend an entire season somewhere else (Hello, Snowbirds!). Don’t get stuck on the word “vacation.” Others have to travel for extended work projects, e.g. traveling nurses, and now we have an increasing number of people working from home that are just looking to spend time somewhere new.
Add to that the growing number of people looking to move to Phoenix and it’s an ideal time to offer a medium-term rental option. Many people making a big move choose to pick up early and need a place to stay for a month or two until they can complete the purchase of a home. All of these factors are contributing to a growing demand for monthly vacation rentals.
Properties With An HOA
If you own a home with an HOA, they may have restrictions on rentals under 30 days but don’t let that deter you. You may still be able to use your property as a vacation rental. Booking monthly could be your best and only option.
At Tru Vacation Rentals, we market all of our properties on the leading vacation rental booking websites. We also have the opportunity to advertise any 30+ day rentals on the MLS, which is the same place that people are looking for homes to buy or to rent long-term. With this, we have the opportunity for your vacation rental to appear on Reatlor.com, Zillow, and every other website that uses MLS Syndication. That reaches thousands of agents on top of all the potential guests!
Ready To Boost Your Bookings?
If you have a property that you would like to turn into a vacation rental, Tru Realty has the knowledge to evaluate that property’s unique features and determine the best way to make it happen. It may not work in all communities, but you also may be surprised by what we can do!
Isn’t it worth a try? For a no-obligation evaluation of your property’s potential to become a successful vacation rental, contact us today.
Odessa Keilman is a long-time Phoenix resident, with 20+ years of experience in contract writing, pricing negotiations, budgeting, and project planning. She is a down-to-earth businesswoman with a sound contracting background, providing a no-nonsense approach to real estate by focusing on what you value the most. She’s ready to help you buy your next home, sell your existing property, or build your real estate investment portfolio!