2023 was one of the best years for attracting tourists to Tampa, and experts predicted that this year would be even better!
If you've got a vacation property, now's the perfect time to maximize your rental income. But, as you know, that's easier said than done! Being a vacation host is rewarding but also taxing.
How do you succeed with your short-term rental? One of the best ways is to use vacation rental platforms to promote your home.
Here's our guide to help you decide which platform to use:
Airbnb
Without a doubt, Airbnb remains the most popular option for new and experienced vacation hosts. Preparing a vacation rental listing can be a challenge, but Airbnb does a lot of the work for you.
Many tourists will check Airbnb first before checking other options. If they prefer homes over hotels, then Airbnb is often their only choice. Even if you use multiple platforms, you should always consider Airbnb.
You don't have to pay anything to list your vacation property on Airbnb. You'll pay a commission fee and a service fee for every booking. You'll be responsible for any penalties in case you've been a negligent vacation host. It's always best to invest in insurance to cover any potential liability.
The best alternative to Airbnb is Booking.com. This platform doesn't require luxury properties and has a similar fee structure. The big challenge is that you'll also compete with hotels listed on the platform.
VRBO
This platform would be great if you could have some experience as a vacation host. With VRBO you can pay an annual fee of $499 without having to pay any commission fees. Or you can pay a commission fee for every booking. This platform is only for renting out an entire property.
Generally, VRBO is for travelers who don't mind splurging on a great property. As a result, you won't attract the budget backpacker crowd! This means that you should invest in luxury amenities or even redecorate to attract guests.
Plum Guide
If your property is truly luxurious, then you can try to submit it to Plum Guide. Plum Guide only selects properties that are considered to be for high-end travelers.
You can charge higher prices, and Plum Guide will take a commission fee from them. Plum Guide works the same way as other vacation rental platforms. However, you'll need to hire a professional photographer and videographer to prepare the visual tour.
It takes extra effort to succeed on the platform. However, the high rental income you can earn is often worth the effort.
Choose Your Right Vacation Rental Platforms
These are the vacation rental platforms that are best suited for short-term rentals.
Airbnb and Booking.com are perfect for beginners. VRBO would be ideal if you have some experience as a vacation host. For the ultimate reward, give Plum Guide a shot. Don't forget to hire a rental management company to assist you.
PMI South Tampa is just the right service for you! We have over 20 years of experience and several satisfied landlords throughout the city.
