If you have a second home in Scottsdale and you’re looking to make some money from this investment, you might be interested in using it as a vacation rental. After all, Scottsdale is an extremely popular vacation destination, which is why the hotels and resorts are often booked. If you want to help travelers have the perfect vacation in Scottsdale, here’s what you can do with your home.
1.Consider the demand for vacation rentals
If you own a home in Scottsdale, you’re already at an advantage compared to homeowners in other cities, because many people come here for vacation. So you should be able to rent out your home pretty easily.
If you’re not sure if renting out your house will be worth your time, take a look at other vacation rentals in your area on sites like VRBO and Airbnb. Consider how many there are in your neighborhood, how many renters have left reviews, and what price they tend to go for. This will give you an idea of how quickly you’ll be able to find short-term renters for your home in Scottsdale.
2.Decide how often to rent out your home
Once you see that there is a demand for vacation rentals in your area, you can determine how often and for how long you want to rent out your house. If you still live in your home but just happen to be gone on vacation or for business trips on a frequent basis, you might consider renting out your house for a few days or weeks at a time while you’re gone.
Of course, if you no longer live in the property, you can rent it out more often and for longer periods of time. It all depends on how much money you want to make for your real estate investment, and how often you want to act as a landlord. So you might choose to only rent out your property for snowbirds during the winter, or maybe for travelers looking to have fun in Scottsdale during spring break. Or you might target people who need a place to stay for a few months at a time, such as while they wait for their new house to be built.
3.Get your rental in great shape
Once you have chosen to put your home on the vacation rental market, you need to make sure it will meet the needs of travelers. This means that it’s time to fix any issues with the home, from squeaky doors and leaky faucets to broken tiles and running toilets.
Once it’s all fixed up, you need to get it deep cleaned. This is one task that many Scottsdale property owners leave to the professionals, since cleaning services are great at making sure the baseboards, air vents, appliances, and more are spotless. Keep in mind that you’ll have to clean between renters, as well, so consider staying in contact with a few cleaning companies in Scottsdale for ongoing help.
4.Stock your rental with the necessities
If you want to compete with other property owners in Scottsdale, you have to do more than the bare minimum with your rental home. This means that you can’t stop at simply putting in some beds, tables, couches, and other basic furnishings and decor. You also have to think about what renters will need while they’re at the house for anywhere from days to months.
For example, most vacation rentals have fully-stocked kitchens, such as pots, pans, dishes, silverware, spatulas, coffeemakers, and anything else renters will need to cook each day. You should also provide linens, extra light bulbs, trash bags, and basic cleaning supplies. Don’t forget to offer some type of entertainment in the home, including books, magazines, board games, movies, and cable and Internet services.
5.Get help from a Realtor
Now that your vacation home in Scottsdale is ready to rent out, you’ll need help marketing it. Fortunately, local Realtors have the experience necessary to get your home in front of travelers coming to Scottsdale. They can help you get professional photos taken and then put the listing on the right websites.
They can also help with the details of the rental process. This might include putting together a lease agreement, creating rules for the property, and getting all the paperwork signed by the renters.
If you have any questions about renting out your home in Scottsdale or buying a new property to use as a rental, contact The Matheson Team today!
Realtor | Founder
The Matheson Team – RE/MAX Fine Properties
21000 N. Pima Rd., #100, Scottsdale, AZ 85255