Boost Your Home Rental Business with Self Storage
Time away from the daily schedule gives your family a breather from the usual routine. It opens your mind to new cultures and experiences and can even have a positive impact on your health and well-being. One recent study found that people return from vacations in a happy and relaxed state of mind. The key is to find a place that suits everyone’s needs, has plenty of room, and is close to activities for all ages. The right hotel in the right location can be pricey and overcrowded. The solution to that problem, especially for a large family, is a spacious vacation home rental.
Short-term vacation home rentals are growing in popularity because prospective guests recognize the obvious: a single-family home rental offers more space than a small hotel room or even a suite. If you’re vacationing with the entire extended family, a large home rental is less expensive than a resort, offers more privacy than a hotel, and provides a more comfortable experience than conventional accommodations.
Most people are familiar with Airbnb, VRBO, and other online short-term property rental sites. If you aren’t familiar with this concept, property rental sites enable hosts to list properties online for viewing by prospective vacationers. Online listing also enables a secure payment platform for the benefit of both guests and hosts. If you’re interested in making some extra income, this can turn into a profitable business venture. To make it the ultimate experience for you and your renters, read on to find out how self storage can help.
Where do I start?
The first step to becoming a short-term property rental host is to register your property by submitting photos and descriptions of your rental space. Travelers who are looking for accommodations in your area can view these listed properties using criteria like availability, the number of bedrooms, price, and amenities to refine their search. Prior to booking through the online service, a guest can contact the property owner.
How does self storage fit into the picture?
Travelers are looking for a welcoming space that they can quickly settle into. They want to make it their own, even for the short time that they are renting. If you want your rental to be more welcoming, you need to depersonalize and declutter. This is where a self storage unit becomes your ideal solution. A self-storage space will give you the perfect place to store valuables, personal mementos, bulky furniture, and anything your guests won’t need during their stay.
Storing items like family photos, books, and memorabilia will not only ensure the safety of these items and provide a more welcoming atmosphere, but it will help to make the photographs of your rental more appealing to prospective guests. You’ll want to make your space look sleek and appealing because the way the property appears in photographs has a huge influence on your number of bookings.
Another Perk: Self storage for your home rental business may be tax-deductible.
Renting a self-storage unit for your home rental business can also provide you with a tax benefit. If you want more bookings and more income, using self storage to tidy up your space is a necessary business expense. The IRS generally allows business deductions if they are ordinary and necessary. Be sure to keep careful records and consult your CPA.
In Summary
Be cautious when choosing your self storage facility. Look for a secure, dependable, affordable facility that has flexible leasing and 24/7 access. The home rental business can be a serious source of extra income. Do your research to determine if it works for you. If it does, go for it!
