Summer is rapidly approaching, and many property owners throughout New Jersey are looking to generate extra income through rentals. Below are some tips that will maximize your efforts, whether you own property in Atlantic City or Brigantine. Millions of visitors come to Jersey Shore annually, creating lots of lucrative opportunities.
Recruit A Reputable Cleaning Service
It is essential to thoroughly clean up your property prior to renting it to others. While many property owners choose to physically clean the property themselves, those that are too busy or lack the inclination should hire a professional cleaner. It will cost you, but the work they perform will be worth it and you can save your time and energy for other things.
Ensure The Rental Is Completely Functional
While you don’t have to leave personal items or family stuff behind, the rental should still resemble a home. This will be a major selling point with potential clients, many of whom are not interested in renting a place that feels like a hotel or motel. Ensure that the property is completely furnished, and has every amenity needed so that they can enjoy themselves without having to leave. The linens should probably be updated, along with kitchen items if they are beginning to show their age.
Assess Your HVAC System
Although Jersey Shore is known for its gentle coastal winds, it still gets really hot during the summer, especially in Atlantic City. Therefore, it is important to review your HVAC system to ensure the property is getting sufficient air circulation and that the temperature will be nice and cool for renters, without being excessively cold. If an issue is discovered, the good news is that it can usually be fixed without spending a great deal of money.
Advertise Online Extensively
You’re not the only one who wants to rent property in New Jersey, which means you will face competition in finding tenants. The best way to compete is to make heavy use of the internet. Social media in particular is a great way to get the word out and you can post photos of your property and the surrounding area so tenants can get a look at it.
Additional Tips
Those who have invested in New Jersey real estate and use it for vacation rentals will usually fill out the date of the season when the property will be available. Once the booking is complete, you will next want to get the property in good shape so the tenants will be accommodated. Should your rental be dingy or in need of repairs, not getting it done before their arrival will leave a very negative first impression which in turn could lead to bad reviews which will adversely impact your future cash flow. The good news is that much of the work can be done within a short period of time.
