Renting Your Daytona Beach Vacation Home or Condo
It’s a very good time to buy a vacation home or condo in Daytona Beach, Ormond Beach and Ponce Inlet. Prices remain low and there’s still a fairly large inventory. Many of my buyers are buying second or vacation properties. Some of these buyers are renting the properties out for a few years before they are ready to make the move.
I just found a good article at the Finance Blog, written by Ilyce Glink who is a nationally syndicated real estate author and writes for CBS Moneywatch. In Renting Your Vacation Property? Here are Nine Things You Need to Know, she lists the following 9 things to consider:
- Get the word out.
- Be visual.
- Make your property appealing for travelers.
- Anticipate your renters’ desires.
- Price it right.
- Describe your property in minute detail.
- Write the right ads.
- Respond to questions immediately.
- Have a handle on the logistics.
I urge you to read the article for more detail, but the point is that it takes some work to rent and manage your property. There will be expenses, just like any other property. If you are living close to the property, you may want to handle renting and managing the property yourself, if you are out of town, you will probably need a property manager.
Property management firms vary in fees and services. You will need to shop around. As part of my full real estate services in Daytona Beach, I do offer property management services that are reasonable and reliable. I’ve been managing property for about seven years and have solid relationships will plumbers, lawn services, pool services and a very few select handymen. My large internet presence also makes renting properties easier.
However you go about, know that you are in a competitive situation with all the other similar properties. You need to be aggressive in marketing your home or condo and responsive to your renters.