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How to Start a Vacation Rental Business

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Created on: Aug 26, 2009 3:56 PM by community-editor - Last Modified:  Dec 10, 2013 3:35 PM by beth
how to start a vacation rental business

Starting a vacation rental business can be an exciting prospect. Lucy W., a VRBO.com owner, told us, “Before I started renting out my vacation home, I was worried that it would be a hassle and that I wouldn’t attract the quality of renters I wanted.  Five years later and my vacation home practically pays for itself. And it’s been a real joy to be able to share the place I love so much with guests who return year after year.” 

 

Every vacation property is unique and special. No matter what kind of vacation home you own - single family home, condo, cabin, cottage, chalet, villa, apartment, estate, lodge, townhome, studio, castle, farmhouse, bungalow, or boat - and no matter what its peak rental season is, our quick reference guide will help you understand the ins and outs of starting a vacation rental business.

 

The first step in starting a vacation rental business is putting together a business plan and – if you don’t already own one -- purchasing a vacation property.



When buying a vacation rental property it's vital that you ask yourself a few key questions:


Once have your home purchase planned, it's time to figure out some details of how would like to run your business:


Next up, make sure that you have the right amenities:

Now it's time to advertise and pull in the renters:

 

 

These are just a few of the questions you should ask yourself when starting a vacation rental business. The key to entering into any endeavor and being successful is knowledge and preparation.
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