Are you having a tough time with a vacation rental in Phoenix, Surprise, Chandler, Mesa, Flagstaff... that isn’t bringing in the money you hoped for? You’re in good company. Lots of vacation rental owners go through this problem, and it can feel overwhelming. But don’t worry, there are ways to help you make your vacation rental earn more. In this blog post, we will share five helpful tips for boosting your low-earning vacation rental in Phoenix, Surprise, Chandler, Mesa, Flagstaff.... Plus, we’ll explain why selling your property directly to MobileHomeBuyerJim.com could be the best choice for you.
1. Re-evaluate Your Pricing Strategy
One of the first things you should do if your vacation rental is not generating enough income is to re-evaluate your pricing strategy. You may be charging too much or too little compared to other rentals in the area. Do your research and see what other vacation rentals in Phoenix, Surprise, Chandler, Mesa, Flagstaff... are charging for similar properties. Adjust your pricing accordingly to make your rental more competitive with other short-term rental properties listed in your area. Currently, STR pricing is going down, and the expenses are going up.
2. Improve Your Marketing Efforts
Another solution is to improve your marketing efforts. Make sure your vacation rental is listed on popular vacation rental sites like Airbnb, HomeAway, and VRBO. Use high-quality photos and write compelling descriptions to attract potential renters. You can also consider investing in paid advertising to increase your visibility online. You just want to make sure your marketing costs don’t obliterate your profits.
3. Offer Additional Amenities
If your vacation rental is not standing out from the competition, consider offering additional amenities to attract renters. For example, you could provide beach chairs, bicycles, or a grill for outdoor cooking. These extra amenities could be the deciding factor for renters when choosing between multiple vacation rentals in Phoenix, Surprise, Chandler, Mesa, Flagstaff.... That said, amenities such as a hot tub or lawn games may result in extra maintenance costs.
4. Hire a Property Manager
If you’re struggling to manage your vacation rental on your own, consider hiring a property manager. A property manager can take care of everything from marketing and booking to cleaning and maintenance. While it may be an additional expense, it can save you time and stress in the long run. Be sure to thoroughly inspect reviews and references before hiring someone to manage your home.
5. Sell Your Vacation Rental to MobileHomeBuyerJim.com
If the ideas we shared before don’t help and you’re tired of losing money on a vacation rental that isn’t making enough, it might be time to think about selling your property. Selling your home directly to MobileHomeBuyerJim.com could be a smart choice if you feel frustrated or stressed about your vacation rental. MobileHomeBuyerJim.com focuses on buying homes straight from owners in Phoenix, Surprise, Chandler, Mesa, Flagstaff..., making the process easy and simple. When you sell to MobileHomeBuyerJim.com, you can skip expensive repairs, commissions, staging, marketing, and negotiations. You can also sell your vacation rental quickly and in its current state.
Choosing to sell your vacation rental to MobileHomeBuyerJim.com can really help if you’re dealing with money troubles or unexpected life changes. It can give you the cash you need to start fresh.
If your vacation rental in AZ isn’t earning much, there are several options to consider. You might re-think your pricing, boost your marketing, add more amenities, hire a property manager, or sell your vacation rental to MobileHomeBuyerJim.com. Think about what fits your situation best. Our team is ready to give you a fair and simple offer, with no costs or commitments. Contact us today to learn what we can offer you! 928-362-1584