Real estate investment is popular with many people. With globalization, tourism continues to develop, which explains the growing enthusiasm for seasonal rentals. For this type of rental, we also speak of tourist furnished accommodations. Simply put, it involves renting a property for a short period and providing all the necessary services for a trip. Tourist rentals combine all the advantages of a hotel, with greater independence and privacy. While this type of rental is a very good investment, it still needs to be managed correctly for it to last over time and be truly profitable. Don’t panic, we’ll explain how to manage your seasonal rental, ensure quality customer service, and delegate the management of your rental property if needed!
Define and Frame your Seasonal Rental
Before putting your seasonal rental on the market, you need a thorough understanding of the local real estate market. By studying the supply, demand, and local trends, you can position your property competitively. This is essential and impacts both the price of your rental and the services you offer. Establishing a market and competition analysis allows you to set a fair price, both for your remuneration and based on the amenities of your seasonal rental. Once the price is set, you can promote your property to make it visible and entice travelers to stay there. You can use dedicated promotion platforms, create accounts on social media, or a proprietary website. You must also pay particular attention to the legal and regulatory framework of your rental. This applies to both the proper drafting and management of rental contracts that bind you to seasonal tenants and the declaration of your income from this rental. Regulations regarding seasonal rentals are constantly evolving, especially with the advent of rental platforms like Airbnb and the difficulties encountered by the permanent housing market in certain tourist areas. For this, we advise you to seek guidance from professionals with certified legal expertise.
Ensure Quality Customer Service
Once your seasonal rental is properly defined, framed, and promoted, one of your main missions is to ensure quality customer service. Thus, communication with potential tenants is paramount. You must provide them with clear and precise information about the services you offer to avoid any misunderstandings and negative reviews if applicable. Staying attentive to their needs during their stay in case of questions or rental issues is essential to guarantee a good reception and a comfortable stay. Beyond customer relations, the services themselves are just as central. Cleanliness and maintenance of your seasonal rental should be your priorities. After each stay, your property must be thoroughly cleaned, as in a hotel. This ranges from dusting furniture to cleaning floors, including changing household linens. Regularly, you must also check the condition of “appliances, television, WiFi, or any other service you have committed to providing. Regular maintenance helps keep your seasonal rental in good condition and” avoid more significant renovations in the long term.
Delegate the Management of your Seasonal Rental to Professionals
The management of a seasonal rental is often time-consuming and sometimes complex, especially when your primary residence is not in the same region as your tourist furnished accommodation. It requires both technical and practical skills. If you have the time and desire, you can of course take care of all these tasks related to managing your property. If not, we strongly advise you to seek assistance from professionals. There are many rental management and concierge professionals, it’s up to you to choose a trusted service provider in the region of your seasonal rental.
For example, if your vacation rental is located on the French Riviera, Bnb Groom Services is delighted to assist you in managing your seasonal rental on a daily basis. Tailored services are offered, ranging from complete management of your rental to investment search and transaction supervision. You can also benefit from additional services, depending on your needs, such as credit card deposit services or luggage storage. Bnb Groom Services operates from Nice to Cannes and provides you with its expertise to rent out your vacation rental with peace of mind.
