It's no surprise that the tourism market in Fort Lauderdale continues to grow. With its beautiful beaches, great restaurants, and thriving culture, who would not want to take a vacation in the famous Florida city?
Investing in rental property can be a great way to participate in the thriving economy. Have you ever considered renting your home to travelers vacationing in Fort Lauderdale? Here is the ultimate guide.
Provide Beach Gear
If you have guests who are from parts of the world that do not have beach access, they might not know what to bring for their Florida vacations.
Your vacation rental should have essentials such as snorkeling gear, towels, and beach toys for little ones. This can bring their experience to the next level and save them money.
Stay in Communication
It is important to stay in contact with your guests and address any problems they may have. Prompt responses will show that you know how to take care of your tenants, and that you value their experience.
If you work with a property management company, they can respond to tenant requests as well. This is especially helpful if you have multiple rental units or you live out of the area.
Know the Short-Term Rental Laws
In Florida, your property is considered a short-term rental if it's rented to guests more than three times a year, at intervals of less than a month.
You also need to designate your property as a condo or a dwelling, and then fill out the appropriate application for a license. You will also need an additional Florida vacation rental license.
Emphasize Local Attractions
Provide your guests with a guidebook or list of places they can see in Fort Lauderdale. They may not know the area, and having some options can help them from feeling overwhelmed.
Most people take Florida vacations to visit the beach or theme parks. Make sure to include details on Fort Lauderdale's beach and ocean attractions in your guide.
Your guide should cater to both children and adults. There can be sections about fun activities for younger guests, as well as nighttime activities like bars and clubs.
Keep Up With Maintenance
Your vacation home in Ft. Lauderdale requires regular maintenance. Respond to any maintenance issues quickly so they do not become bigger problems that can cost a lot more money.
Having problems with your rental property could also impact guest reviews on your listing. You or your property management company should do regular inspections to ensure everything is working properly.
Renting Your Home to Travelers in Fort Lauderdale
Ready to get started with vacation rentals in Fort Lauderdale? Renting your home to travelers can give you a chance to provide housing to visitors and put some extra cash in your pocket.
PMI Premium Services is the partner you need to manage your rental properties. Our expertise and experience can help guide you through the process.
Contact us today if you want to invest in property in the Plantation, Florida area.