So you purchased, or are thinking or purchasing an STR (short term rental) vacation home in Davenport or possibly Kissimmee. By now you've probably done the math and figured that a huge chunk of your expenses are coming from the property management company you are hiring to book it out and maintain it. You tossed about the idea of how you could cut them out of the equation and save yourself money but you just don't know how you would get enough bookings to make it cost effective. I'm here to tell you that it's possible. You can get your own bookings BUT it's going to take work, dedication and creativity on your part. In order for this to benefit you be sure that you are either self managing the property or you have negotiated with your management company to not pay them anything out of your owner bookings (a cleaning fee is unavoidable). The most important thing to remember when getting your own bookings is that it's quality not quantity. For management companies it's the opposite because they deal in volume but only get a very small portion of the revenue because of overhead expenses. You will be collecting 100% (after taxes) of your nightly revenue so what you may earn on 10 booking could easily add up to what would be 20 bookings through your management company. That means less wear and tear on your home for the same type of income. A great book to check out is: How to Rent Vacation Properties by Owner Second Edition
has some very cost effective options as well as Hostgator. Be sure you include your contact information on your website and a valid e-mail address because most of your inquiries will come through e-mail.
. From here you can upload your listing (for a fee) and create a booking calendar to show availability. You may want to make sure you keep it in sync with what ever bookings the management company has for you so you don't make the mistake of double booking.
by Christine Karpinski.
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