Estes Park's tourism is outpacing the state of Colorado as a whole. Overall, travel spending in Estes Park increased from $342.7 million to $504.3 million in a year. If you own property in the area, you can use this influx of tourists to your advantage!
Here are a few home sharing tips for generating income through your Estes Park property. Use this home sharing guide to encourage seasonal bookings. Watch your ROI rise today!
Prepare the Property
Before renting your home to vacationers, make it a comfortable place to stay. Make sure to:
- Declutter and depersonalize
- Deep clean every room
- Stock up on essentials
Household essentials include toilet paper, soap, and linens. You can also stock the kitchen cabinets with a few snacks. Consider preparing a welcome basket and personalized letter for each guest.
Make a few minor upgrades to appeal to a broader audience online. You can add smart home technology, tasteful decor, and access to streaming services. These offers will increase the rental's value and encourage bookings.
After making these upgrades, take high-quality images of the property. Showcase the property's best assets and unique features. You can also create a video tour to attract and engage potential guests.
List the Property Online
You won't generate bookings if people don't realize the vacation rental is available. List your property on multiple home-sharing sites. These include Airbnb and VRBO.
Your property listing should include:
- An attention-grabbing headline
- A detailed description
- Photos and videos
- A compelling call to action
- Your house rules
- The cancelation policy
- A competitive nightly rate
Research other vacation properties in the area before setting a nightly rate. This will ensure you use competitive, attractive pricing.
To reach more people, optimize the listing for searches. Use relevant keywords in the headline and description. Mention "Estes Park, CO" to reach your ideal audience.
Manage Bookings
Remain organized using an online property management tool. You can use the calendar functioning to track available dates.
Use automation to save valuable time and enhance guest experiences. For example, you can automate the check-in/check-out instructions. Consider using a lockbox code or smart home technology for entry.
Make sure to communicate clearly with guests. If they feel neglected, they may leave a negative review.
Arrange for cleaning services between stays. Offer a beautiful, clean property to meet and exceed guest expectations.
Try to offer five-star guest experiences by going above and beyond. For example, you can provide a guidebook to help guests explore the area.
Request Vacation Property Management
If you're struggling to apply these vacation rental tips alone, outsource. Work with a full-service vacation property management company. They can:
- Manage bookings
- Market the property
- List the property online
- Communicate with guests
- Schedule cleanings
- Handle payments
Their services will help you operate more efficiently. Meanwhile, you can generate passive income without stress.
Apply These Home Sharing Tips Today
Sharing your Estes Park home is an effective way to generate income. Use these home sharing tips to appeal to Estes Park tourists. Otherwise, work with a vacation property management company.
Our team at PMI is part of a fast-growing property management franchise. We've been changing the industry for nearly 20 years.
Trust our state-of-the-art technology and award-winning strategies. Contact us today for a free rental analysis.
