In 2021, there was a notable increase in annual revenue for full-time, short-term rental properties. It was an impressive peak of $56,000. High returns like these are causing more investors to consider vacation rentals.
While investing in short-term rentals can yield large profits, these profits hinge on having dependable guests. Finding these types of guests is easy when a robust screening process is in place.
Screening guests for vacation rentals serves many purposes: safeguarding your property, ensuring operational efficiency, and maintaining property conditions. A thorough screening strategy is fundamental to successful rental operations in Colorado. Let's examine what practices to adopt and avoid.
Dos of Screening Guests for Vacation Rentals
Whenever guests book your vacation rental, be sure to gather as much information as you can. Basic details should include the full name, contact information, the purpose of the visit, and the guest's home address. You should also take note of any added guests who will be staying with them.
Verify Information
Confirming the guest information you gather is crucial. Use online tools to verify the IDs of your guests, checking that the names and faces match. Automated systems can make this process quicker and more efficient.
Check Social Media Respectfully
While exploring a potential guest's social media, don't be intrusive. Stick to public posts and profiles.
Remember that you aren't checking social media to learn their life story. Rather, you want a broad view of their lifestyle and behavior. Consider how they interact with others online; do they seem respectful and responsible?
Look for Potential Red Flags
Red flags could include last-minute bookings, guests who avoid providing essential information, or bookings for unusually long periods. Be cautious with these types of guests.
Don'ts of Screening Guests for Vacation Rentals
Avoid becoming a host who discriminates against guests based on race, ethnicity, religion, gender, or disability. Such discrimination is unethical and could lead to legal complications. Give equal opportunities for all guests to enjoy your vacation property.
Don't Overlook Reviews
Reviews from previous hosts can serve as an insightful resource when screening. They provide a snapshot of the potential guest's conduct at other properties.
Don't Forego Communication
Make sure you state the house rules in your property listing and communicate them directly to your guests. Avoid any misunderstandings by being clear about your expectations regarding bookings and reservations.
Don't Ignore Your Gut Feeling
Everything can't be quantified or broken down into data. If a particular reservation raises some doubts or concerns, take the time to examine the guest's lifestyle and booking specifics more. Go with your gut feeling if something about the reservation appears suspicious.
Simplify Your Screening Process
Screening guests for vacation rentals involves crucial steps like gathering in-depth guest information, verifying it, and watching out for red flags. Streamlining this process is essential, and nobody does it better than our company.
With over 20 years of experience in the industry, we're a trusted choice for vacation rental management in the Estes Park, Colorado area. Our knowledge and experience can enhance your guest screening process.
For further assistance, contact us at PMI Estes Park.
