One of the current trends to have a second source of income is owning a short-term vacation rental. Having this passive source of income can be easy if you know how to set everything up. If you have a property that you have been considering listing as a vacation rental, now might be the perfect time to do just that. Here are five signs that you might be ready to finally list your Flagstaff property as a short-term vacation rental:

You Understand Local Laws and Compliance Regulations

There are quite a few different factors to consider when you are ready to list your property as a vacation rental. One of them is making sure you understand the local Flagstaff laws and regulations for short-term rentals. These laws and regulations can vary from city to city, so if you are new to Flagstaff, you may not already be familiar with them. If you have spent a few years in Flagstaff already and call it home, you are more likely familiar with what you need to know. These laws can have a direct impact on your home layout or rate of taxes to pay on your property and bookings. Make sure to have a good understanding when you determine it is time to list your property as a vacation rental.

Ready to Work with a Professional Team

Owning a vacation rental can be difficult if you plan on managing all the upkeep on your own. However, you do not have to put all the stress and responsibility on your shoulders only. Our team will help keep your property in tip top shape and clean after each booking. All you have to do is communicate with our team on how to handle your property and provide you with any details that are needed. Our team makes it easy to communicate. You will find that our property owners remain satisfied with our services so you can expect the same level of support. If you are ready to have a professional team help you with your property, now is the time to list.

Understand Your Market

When it comes to vacation rental success, you want to be in a place that has plenty to do. Flagstaff is a desirable city to live in here in Northern Arizona. It is even more popular to visit at any point of the year to escape the Phoenix Valley heat. If you understand the bright future the market has in Flagstaff, you should prep your property to be a rental. Flagstaff’s weather is often 10+ degrees cooler than in the main population center of Phoenix and Scottsdale. You will find that many visitors from the Phoenix area visit Flagstaff during all seasons. Short-term vacation rental owners want to know what parts of the property to highlight for each season to bring in as many potential bookings. If you understand the reason of what makes Flagstaff so special, you can become a great vacation property owner.

Potential for a Higher Income

The most apparent sign that you are ready to become a vacation property owner is when you realize you are ready for a higher income. The income you can bring in can be exponential if you know how to advertise your home property. Many vacation property owner report that the income of a vacation rental can easily pay for the monthly mortgage, property taxes, and more. This further adds more money in your pocket month after month. Shoot for the stars and get ready for a higher income that will change everything for you.

Flexibility to List Your Property

Many of our vacation rental owners have been residing in Flagstaff for years and eventually purchase a new home. With the value of homes continuing to rise, it can make more sense to hold onto your initial property. This is where the flexibility to list your home as a vacation rental shines. It allows you to keep the home in your name and find a way to earn some income. Renting out your home can initially be scary, but once you see how easy it can be, you will never look back. Our property management services will help build that confidence in no time.

Flagstaff Is Ready for Your Vacation Rental

If you have a property that you think can be a great addition to our portfolio, contact our team today. You will find that our property management services can make the most of your home to further add return on your hard-earned investment. Our team will help take care of cleaning, property maintenance, and so much more. Simply contact our team today and see how our services can make the different with listing your Flagstaff property as a vacation rental.