BLOG TOPICS
Get It Now
March 8, 2023
Hosting vacation rentals may seem like a lucrative, fun, and easy way to make money while meeting interesting people from all over the world. And while that's mostly true, there are some hidden costs associated with being a host you should consider before taking the plunge. Let's take a look at some of those costs and how you can prepare for them.
No matter how often your guests come and go, you will still need to keep your property in top shape. This includes regular maintenance activities such as changing light bulbs, checking smoke alarms, mowing the lawn, cleaning air filters, etc. Additionally, you will also need to factor in the cost of deep cleanings between each guest stay. This typically involves hiring a professional cleaning service or dedicating the time to do it yourself.
Your guests will expect certain amenities when they book your rental - including linens, towels, soap, coffee pods, etc. You'll have to account for these items in your budget so that you can provide them at no extra cost. So, it's important to make sure that all furnishings are up-to-date and comfortable so that guests are happy with their stay – rentals with older or unappealing furnishings and decor may end up losing you bookings to competitors. That means replacing items when necessary and repairing or upgrading if needed.
To ensure that your guests are comfortable, you should be mindful to include items that you would want in your own house. Some commonly forgotten items like this include:
Guests are also searching more and more for aesthetic rentals with cohesive design schemes – think stays that are made for Instagram. Plus, with more and more vacation rentals popping up in your market, a great way to ensure your listing stands out is by investing in great decor for your space. By being bold and showing off your interior design skills, you can create eye-catching photos for your listing on Airbnb, VRBO, etc. that entices guests to book your space. Consider designing your rental with a theme in mind, adding hotel items like plush towels, lots of indoor plants, and even vintage decor.
In order to attract more bookings on vacation rental sites such as Airbnb or Vrbo, you should be aware of competitive rates for similar properties in your area as well as any fees associated with hosting on their platform (such as service fees charged by the site). You want to make sure that your rental is priced appropriately so that it stands out from the competition yet still turns a profit after all other costs have been taken into consideration.
Pro tip: Did you know that Beyond includes a tool called Comp Sets that allows you to easily see and compare your listing to similar ones in your neighborhood? Check it out!
Hosting vacation rentals is certainly rewarding but there are plenty of hidden costs along the way that must be accounted for in order for it to remain profitable over time. From maintenance expenses and furnishings costs to competitive rate setting and platform fees - there is much more involved than just listing a property online and waiting for bookings! Taking these factors into consideration ahead of time will help ensure success as a vacation rental host.
At Beyond, we aim to be your best partner in revenue management strategy, helping you make the best decisions for your business. Our team and our platform work together to help you take the right action. Read more about how Beyond works for you.
Not using Beyond or new to dynamic pricing? Sign up to see what Beyond can do for your business.
Since pioneering dynamic pricing for the short-term rental market in 2013, Beyond has helped thousands of users price millions of listings and generate billions of dollars in revenue. Beyond’s unparalleled access to and analysis of real-time, advanced global short-term rental data powers its ability to unlock, inform, and automate action for every kind of hospitality business.
.png){kind=small}
.png){kind=small}
Mi tincidunt elit, id quisque ligula ac diam, amet. Vel etiam suspendisse morbi eleifend faucibus eget vestibulum felis. Dictum quis montes, sit sit. Tellus aliquam enim urna, etiam. Mauris posuere vulputate arcu amet, vitae nisi, tellus tincidunt. At feugiat sapien varius id.
Eget quis mi enim, leo lacinia pharetra, semper. Eget in volutpat mollis at volutpat lectus velit, sed auctor. Porttitor fames arcu quis fusce augue enim. Quis at habitant diam at. Suscipit tristique risus, at donec. In turpis vel et quam imperdiet. Ipsum molestie aliquet sodales id est ac volutpat.
Elit nisi in eleifend sed nisi. Pulvinar at orci, proin imperdiet commodo consectetur convallis risus. Sed condimentum enim dignissim adipiscing faucibus consequat, urna. Viverra purus et erat auctor aliquam. Risus, volutpat vulputate posuere purus sit congue convallis aliquet. Arcu id augue ut feugiat donec porttitor neque. Mauris, neque ultricies eu vestibulum, bibendum quam lorem id. Dolor lacus, eget nunc lectus in tellus, pharetra, porttitor.
"Ipsum sit mattis nulla quam nulla. Gravida id gravida ac enim mauris id. Non pellentesque congue eget consectetur turpis. Sapien, dictum molestie sem tempor. Diam elit, orci, tincidunt aenean tempus."
Tristique odio senectus nam posuere ornare leo metus, ultricies. Blandit duis ultricies vulputate morbi feugiat cras placerat elit. Aliquam tellus lorem sed ac. Montes, sed mattis pellentesque suscipit accumsan. Cursus viverra aenean magna risus elementum faucibus molestie pellentesque. Arcu ultricies sed mauris vestibulum.
Senectus nam posuere ornare leo metus, ultricies. Blandit duis ultricies vulputate morbi feugiat cras placerat elit. Aliquam tellus lorem sed ac. Montes, sed mattis pellentesque suscipit accumsan. Cursus viverra aenean magna risus elementum faucibus molestie pellentesque. Arcu ultricies sed mauris vestibulum.
Montes, sed mattis pellentesque suscipit accumsan. Cursus viverra aenean magna risus elementum faucibus molestie pellentesque. Arcu ultricies sed mauris vestibulum. Montes, sed mattis pellentesque suscipit accumsan. Cursus viverra aenean magna risus elementum faucibus molestie pellentesque. Arcu ultricies sed mauris vestibulum.
Nunc sed faucibus bibendum feugiat sed interdum. Ipsum egestas condimentum mi massa. In tincidunt pharetra consectetur sed duis facilisis metus. Etiam egestas in nec sed et. Quis lobortis at sit dictum eget nibh tortor commodo cursus.
Morbi sed imperdiet in ipsum, adipiscing elit dui lectus. Tellus id scelerisque est ultricies ultricies. Duis est sit sed leo nisl, blandit elit sagittis. Quisque tristique consequat quam sed. Nisl at scelerisque amet nulla purus habitasse.
Nunc sed faucibus bibendum feugiat sed interdum. Ipsum egestas condimentum mi massa. In tincidunt pharetra consectetur sed duis facilisis metus. Etiam egestas in nec sed et. Quis lobortis at sit dictum eget nibh tortor commodo cursus.
Morbi sed imperdiet in ipsum, adipiscing elit dui lectus. Tellus id scelerisque est ultricies ultricies. Duis est sit sed leo nisl, blandit elit sagittis. Quisque tristique consequat quam sed. Nisl at scelerisque amet nulla purus habitasse.
Nunc sed faucibus bibendum feugiat sed interdum. Ipsum egestas condimentum mi massa. In tincidunt pharetra consectetur sed duis facilisis metus. Etiam egestas in nec sed et. Quis lobortis at sit dictum eget nibh tortor commodo cursus.
Morbi sed imperdiet in ipsum, adipiscing elit dui lectus. Tellus id scelerisque est ultricies ultricies. Duis est sit sed leo nisl, blandit elit sagittis. Quisque tristique consequat quam sed. Nisl at scelerisque amet nulla purus habitasse.
Nunc sed faucibus bibendum feugiat sed interdum. Ipsum egestas condimentum mi massa. In tincidunt pharetra consectetur sed duis facilisis metus. Etiam egestas in nec sed et. Quis lobortis at sit dictum eget nibh tortor commodo cursus.
Odio felis sagittis, morbi feugiat tortor vitae feugiat fusce aliquet. Nam elementum urna nisi aliquet erat dolor enim. Ornare id morbi eget ipsum. Aliquam senectus neque ut id eget consectetur dictum. Donec posuere pharetra odio consequat scelerisque et, nunc tortor.
Etiam egestas in nec sed et. Quis lobortis at sit dictum eget nibh tortor commodo cursus.
sed interdum. Ipsum egestas condimentum mi massa. In tincidunt pharetra consectetur sed duis facilisis metus. Etiam egestas in nec sed et. Quis lobortis at sit dictum eget nibh tortor commodo cursus.
.png)
.jpg)