The Brainerd Lakes area has long been known as Minnesota's playground with its many lakes and top attractions. Brainerd offers many exciting vacation opportunities for families and retirees, such as boating, fishing, and golf.
More than 20,000 people visit the Pequot Lakes Visitor Center each year. As a vacation rental property owner, you can enjoy passive rental income year-round. Keep reading for our top rental property tips to maximize your earning potential and minimize your headaches.
1. Accentuate Your Amenities
You must ensure that your property stands out among a crowded field. Brainerd is a popular vacation destination year-round and more investors are jumping into the short-term rental field.
Some ideas to upgrade your property and remain competitive include:
- Upgrade your internet speed
- Replace old appliances
- Install a hot tub
- Purchase high-quality mattresses, pillows, and bedding
- Offer a free welcome basket with wine, coffee, and snacks
An easy way to stand out is to paint a mental picture in your property description. Remember to maintain accuracy while selling the top features your property offers.
2. Hire a Professional
The fastest way to burn out as a short-term landlord is to try to do everything yourself. Be sure to know when to delegate some or all of your to-do list to a professional. This includes:
- A professional photographer to take quality pictures of your rental property
- Professional handyman to take care of minor maintenance
- Full-time vacation rental management company
Take your weekends back. Let the professionals do the work so you don't have to and your tenants get a great experience. Enjoy passive income perks without the hassle of tenant calls or making sure the cleaning crew did their job.
3. Ask for a Review
Getting a great review after their stay starts at the beginning. Before your guests arrive, send them a short email with several suggestions for local attractions and restaurants. Also include tips about your rental property, such as:
- Check-in details
- Your pet policy
- Laundry and other appliance instructions
- Wi-fi password
- Your contact information
After your guests have checked out, send a follow-up thank you note. Then ask for a review. This simple ask will get you many great reviews and ensure your listing rises in the rankings.
4. Stay Organized
Nothing is worse than trying to remember the last time you changed the batteries in your smoke detectors or which company you hired last year to clean the gutters. Stay organized to run hassle-free and profitable rentals.
Keep records of all expenses accrued throughout the year to make tax time less hassle. And keep all your contacts for any companies you contract with year-over-year for easy reference and booking them next time.
If this seems like more than you want to deal with, consider working with a professional property management company to handle this for you.
Follow These Tips for Your Vacation Rental Property
With these top property income tips, you'll quickly see an increase in your ROI while decreasing the amount of time you need to spend worrying about your vacation rental property. Brainerd vacation homes offer a lucrative passive income source.
Put the passive back into your passive income by working with a professional today. We help homeowners just like you maximize your revenue. Reach out to us today to see how we can help you too.
