Sell or rent? Homeowners often face this question. If you own a home in San Diego, that you no longer use as your primary residence, or if it is an investment property, what should you do? Unfortunately, there’s no objectively right answer to this question. When it comes to selling vs renting, the final decision lies in where your financial situation is at that time, and how you wish to...
A home is a huge asset, but a second home in which you don’t reside in can be an income producing asset. If you know how to rent out your house as a vacation rental, you can generate a steady source of passive income. However, how much you earn also depends on the condition in which you keep your vacation rental. There are several other factors that we will discuss...
When managing one or multiple rental properties, making money through cash-flow and/or appreciation on your real estate investments is paramount. If you not securing either gain, the performance of your real estate investment becomes questionable. One of the biggest hindrances that come between landlords and net profits are dreaded taxes. There are a number of different taxes that landlords need to pay, depending on the law of their respective states. ...
Renting out a property comes with various responsibilities and a lot of things that homeowners need to be mindful of. Many homeowners want to know, “What is normal wear and tear in a vacation rental and how it differs from damages due to negligence?” The boundaries between the two can often be blurry, however, we want to try and explain what is normal wear and tear here in this article....
Homeowners often struggle to make their property rent ready on short notice. The problem can be even bigger when it’s a vacation rental. There are so many factors to look into and so many things to take care of. If you are not living near your property, it can be a lot of work. But that doesn’t mean it is impossible or you need to spend tons of money to...
How to choose a property management company is one of the crucial questions that property owners need to have an answer for, before they buy a property or with a current property they own. Owning real estate is great. But the responsibilities that come with it can be overwhelming, especially if you are professionally busy. From protecting the building to addressing guest needs and marketing the property, managing vacation rentals...
Do you have a property that could make a great vacation home? With the help of vacation rental management experts, you’ll be able to put your vacation property to good use, create sustainable income, and have the property cared for while you are free to enjoy your life. Vacation rental management has become one of the most preferred methods for home and/or building owners to maximize and manage cash flow...
As a vacation rental owner, your main marketing goal is simple: get your property booked with ample five-star reviews. Your property needs to be seen before it is booked and that starts online. There are a number of options when it comes to vacation rental listing sites. The listing sites we use here at Haustay are AirBnB, VRBO, Booking.com, HomeToGo, Houfy and of course our site. Read on for important...
Guest feedback is paramount to not only providing a great guest experience, but also to keep your property running smoothly as a rental. If a guest experiences a lightbulb burnt out, batteries that need to be replaced in TV remotes, or an extension on a hairdryer missing, they may not let you know about it. To consistently earn five-star reviews we have to pay attention to the details. Details make...
A question we are often asked here at Haustay is if a property is better suited as a short term or a long term rental. There are pros and cons of both setups and it typically doesn’t just come down to income when making your decision. Before we dive into the pros and cons let’s define what each setup entails. Long Term Rentals The most common form of residential income...
We are a nation that loves our pets. According to Statista, 70% of US households, at least 85 million families, have at least one pet as of 2020. While we all love our furry friends, as a vacation rental property owner should you allow them in your home? As a vacation rental property manager we at Haustay have seen it all. We share with you the Pros and Cons of...
Ratings and reviews are crucial for all businesses, but some of the most widely reviewed businesses are vacation rentals and the hospitality industry as a whole. Whether you are just beginning or are an experienced vacation rental owner, getting 5-star reviews means higher rankings, leading to greater visibility, greater booking volume and ultimately more income in your pocket. Reviews create trust by offering potential guests an objective perspective on what...
