Just under half an hour's drive from Hendersonville is DuPont State Recreational Forest, the most visited state forest in North Carolina. According to Citizen-Times.com, in 2023 alone, it welcomed over 1.1 million visitors.
As a gateway to DuPont, Hendersonville is a prime spot for vacation rentals. So, if you have property here, why not turn it into an extra income generator by learning how to rent your home for vacations?
Luckily, you've come to the right place. The experts at PMI Blue Ridge have created this vacation rental guide to help you get started, so read on.
Understand North Carolina's Vacation Rental Law
First, educate yourself on applicable laws before renting out property in Hendersonville, NC.
North Carolina Statutes Chapter 42A regulates properties rented out in the state for fewer than 90 days. Under this, you must give tenants a written rental agreement that spells out:
- Your rights and obligations as a landlord
- The tenants' rights and obligations, including rent amount
- Required security deposit
- Additional fees you require from the tenant
Part of your legal landlord obligations is to keep the property safe and habitable, so you must conduct regular property maintenance and repairs. If you don't live near Hendersonville or have little time to meet these duties, consider hiring a vacation rental management company.
Set the Right Rental Rate
To successfully rent your home for vacations, you must set competitive rates. They shouldn't be significantly lower or higher than comparable properties in the same area.
Charge too little, and you may not make enough to cover operating costs. Investopedia says these costs could range from 35% to 80% of your gross operating income. If you can't cover these expenses, you won't be able to pay yourself, either.
Conversely, you'll have difficulty renting your property if you charge too much.
So, to maximize your chances of finding the most suitable guests ASAP, conduct a rental valuation. You can get it for free if you partner with the right property management company.
Market Your Property Like a Pro
Making your home feel inviting is among the most crucial vacation home rental tips to abide by. Home staging can help you accomplish this.
Take high-quality photos and videos of your home. Use them as visual aids to support your creative and eye-catching property descriptions.
When you write property descriptions, include all the necessary details, including:
- Number of bedrooms and baths
- Amenities, such as a full kitchen, Wi-Fi, or cable TV
- Best features (e.g., a balcony that affords views of the Blue Ridge or the Smoky Mountains)
- Nearby shopping, dining, and healthcare facilities
Once you've prepared your marketing materials, you can list your home for rent on platforms like Airbnb, VRBO, and Booking.com.
That's How to Rent Your Home for Vacations
Now that you know how to rent your home for vacations in Hendersonville, NC, you can decide if it's feasible to do everything yourself or if it makes more sense to get professional assistance. If it's the latter, PMI Blue Ridge is happy to help.
As a full-service property management company, we won't just help you set a fair rate. We'll also market your property, find guests, collect rent, oversee maintenance, and always make your property guest-ready.
Speak with us today to get started with your free property analysis!
