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How do I turn my second home into a vacation rental?

I'm new to renting and thinking about turning my second home into a vacation rental when I'm not using it. Where do I start?

1 Answers

Turning a second home into a vacation rental is an excellent way to supplement income. First, make sure that you do the legal preparation including starting with checking the rental laws in your state. Second, consider maintenance and house preparation such as housekeeping and furnishing. Third, decide if a property manager is needed or if the property will be owner managed. This decision will decide if your next step is to look into advertising, making sure the focus is online marketing as few vacation properties are otherwise advertised. Finally, decide the specifics such as whether you will allow pets and who will be paying utilities. Read more on the Street.