Lodinews.com

default avatar
Welcome to the site! Login or Signup below.
|
||
Logout|My Dashboard

Put Your Vacation Home To Work For You

Print
Font Size:
Default font size
Larger font size

Posted: Thursday, October 31, 2013 4:44 am | Updated: 1:31 am, Fri Nov 1, 2013.

(NAPSI)—If you are fortunate enough to own a second home—or hope to someday—your family likely enjoys many vacations and spur-of-the-moment getaways there. Still, life’s commitments probably mean there are weeks your vacation property sits vacant. Renting out your home can open up a significant stream of revenue and is one way to see a return on your investment even when you aren’t there. But understanding the business side first is critical for avoiding hassles.

Your Options

Before you dive in, it’s important to understand the different renting options. One option is renting your property out independently, taking on the necessary marketing and management efforts yourself. Listing sites help owners post their properties online and match travelers with available places. Once a match is made, however, the onus falls on the owner to handle the rest. According to a recent study, owners spend, on average, over eight hours a week marketing and managing their vacation properties, a heavy time commitment to consider. From finding renters and handling requests to coordinating stays and responding to maintenance problems, the personal involvement required by the rent-by-owner model can outweigh the benefits.

To help you take advantage of the added income supplement of renting your vacation property without having to invest significant time, professionally managed vacation rental companies can be a great option. When you commit your property with a vacation rental management firm, you’re relieved of the operational legwork. Typically, these firms assume responsibility for marketing and managing your property and taking care of guests’ experiences.

Professional management companies can also help drive occupancy and maximize revenue by leveraging the power of their brand and resources. For example, Wyndham Vacation Rentals, the world’s largest professionally managed vacation rentals company, combines the strength of a trusted global hospitality brand with local expertise. The company is known not only for providing owners with a comprehensive range of services, but for offering a host of unique benefit programs, such as exclusive deals and discounts and an exciting vacation exchange program. Unlike other professional management companies, Wyndham Vacation Rentals also gives owners an important marketing tool-an industry-first Vacation Rental Bill of Rights that lets guests know they’ll be taken care of every step of the way.

Learn More

For more information on the benefits of your rental options, visit www.wyndhamvacationrentals.com.

 

On the Net:North American Precis Syndicate, Inc.(NAPSI)

Rules of Conduct

  • 1 Use your real name. You must register with your full first and last name before you can comment. (And don't pretend you're someone else.)
  • 2 Keep it clean. Please avoid obscene, vulgar, lewd, racist or sexually oriented language.
  • 3 Don't threaten. Threats of harming another person will not be tolerated.
  • 4 Be truthful. Don't lie about anyone or anything. Don't post unsubstantiated allegations, rumors or gossip that could harm the reputation of a person, company or organization.
  • 5 Be nice. No racism, sexism or any sort of -ism that is degrading to another person.
  • 6 Stay on topic. Make sure your comments are about the story. Don't insult each other.
  • 7 Tell us if the discussion is getting out of hand. Use the 'Report' link on each comment to let us know of abusive posts.
  • 8 Share what you know, and ask about what you don't.

Welcome to the discussion.

Poll

Should graduations return to the Grape Bowl?

Lodi Unified leaders are moving Lodi and Tokay high school graduations from the Grape Bowl to the Spanos Center at UOP in Stockton. They cite limited seating, costs and unpredictable weather at the Grape Bowl. But others say graduations at the Grape Bowl are an important Lodi tradition, and one reason many supported renovating the stadium. What do you think?

Total Votes: 100

Loading…

Mailing List

Subscribe to a mailing list to have daily news sent directly to your inbox.

  • Breaking News

    Would you like to receive breaking news alerts? Sign up now!

  • News Updates

    Would you like to receive our daily news headlines? Sign up now!

  • Sports Updates

    Would you like to receive our daily sports headlines? Sign up now!

Manage Your Lists