As a real estate agent, it can be difficult convincing a potential buyer that a second home or vacation home has more value than just a place to vacation to when you have free time. Clients have the potential to make significant money by listing this second or vacation home for short-term rental on sites such as Airbnb, HomeAway, FlipKey and Tripping.com.
As a way to address the potential anxiety of your clients about entering the home rental marketplace, I’ve listed some commons concerns expressed by potential vacation renters and corresponding “fear nots” to help put their minds at ease. The “fear nots” are ways you can address your clients’ questions — think of it as almost a script.
If you have clients thinking about renting out their homes this summer, here are a few areas you can advise them to consider that will help ensure a successful venture.
Purchasing a rental property is a significant investment and can be the start of a scary but rewarding adventure for many of us. We purchased our first vacation rental over 15 years ago in Colorado, and we needed the rental income to afford the property.