Nowadays, you don't need to have long-term tenants to become a landlord. With websites like HomeAway emerging, you can rent your property by the night or week. Websites like HomeAway are a great way to make flexible additional income. If you're thinking about renting out the in-law unit on HomeAway.com, here's what you will need to know to get started.
You need to list a full property
HomeAway focuses on renting out entire properties - whether they're homes, cottages, or even a yacht or yurt in your backyard. Unfortunately, you can't list a bedroom in your own home, or other shared accommodations.
Listing is simple, and free
HomeAway allows you to list your lodging for free- the website will only take a percentage of the profits when you successfully get a booking. Additionally, you use HomeAway's software, making listing your home simple. All you need to get started are photos and bank account details to set up a listing.
You have complete control
Even though you're using HomeAway's software, you get to make key decisions about your property, such as when you want to rent it out, how much to charge, and who you'd like to accept as your guests. Of course, that also means you manage aspects like cleaning, checking in your guests, and in April, paying your own taxes.
Host often to get more guests
HomeAway lists properties according to an algorithm when would-be renters search for properties. Although HomeAway won't reveal the secrets of the their formula, on their website they recommend allowing online booking and booking as many stays as you can to maximize your chances of being seen first. Getting positive reviews from guests who stayed at your listing will also help more people want to choose you.
Whether you're looking for short-term or more permanent tenants, we help you get started in the landlord business. Contact us if you need any assistance with renting on HomeAway.