We can't resist waking up to a gorgeous Southern coastline with the sand between our toes and a mimosa in hand. Owning a vacation home along Gulf Shores or the Atlantic Coast can be a definite plus when it's time to take a vacation, but may seem a bit intimidating as a long-term investment. Lucky for us, our friends at Coinage have rounded up some great reasons to buy a vacation home – you can make the home pay for itself. On average, rental property owners make over $27,000 extra each year. So, how do you become one of those owners? There are a few ways that you can make your vacation home a popular rental spot for vacationers coming through town (when you're not sipping margaritas on the beach, obviously!). An easy place to start is listing your property on various rental property sites, like VRBO and Airbnb. Being active in the promotion of your home is the best way to get the word out that you've got a great place to stay. You can also offer single-night rentals, instead of requesting full-week rentals. Although there's a little more work in planning the renter's stay, you'll be able to cash in on extra days.
Coinage. Life, well spent. Presented by Geico. Your vacation home could be a serious money maker. On average, rental owners reported making over $27,000 extra each year. Here are 5 tips to help increase your home's rental popularity. Being active in the promotion of your listing will help to make more people aware of your home. By listing it on sites like VRBO and AirBnB, you can inexpensively get the word out about your vacation houses availability and make booking easier on you and your renters. Offering single night rentals will give customers an option that many other landlords do not offer. Most owners avoid shorter stays due to the increased need and high cost of cleaning services. However, allowing single night rentals can make you more money to offset cleaning bills and ensure your home is fully booked. Opening up your home during the peak season may not sound ideal, but it's when your home is most desired by vacationers. It may be your second home, but being diligent about maintenance upkeep is key for avoiding unexpected reimbursements to renters who encounter problems with your home Adding modern appliances and amenities means you can increase your rental rate. Adding an extra beachy surprise to your home by stacking items like paddle boards or beach bikes. These amenities will make your renters feel like they are staying at a fancy hotel and increase the chance that they'll book with you again. Coinage. Life, well spent. Presented by Geico. [BLANK_AUDIO]