Pros and Cons of Restricting Stay Dates for Your Vacation Rental
After you have purchased a property that you intend to use as a vacation rental, there are some things to consider. Furnishing it, how many people it will sleep, minimum night stays, and an important one, restricting stay dates for your vacation rental. Here at Southern, vacation rentals is what we do! Our team is knowledgeable on all things rentals and can help you navigate the best way to restrict dates. For now, continue reading for insight into restricting stay dates for your vacation rental below.
Define Stay Dates
First things first, what does it mean to restrict stay dates? When you make an investment like purchasing a piece of property along the Gulf Coast, it is a great idea to rent it as a vacation rental. As the owner, you have the power to decide how often your rental is occupied. You can restrict the number of stay dates available for guests. There are pros and cons to doing this though, and we wanted to walk you through a couple of them.
- More Time For You to Vacation – When an owner restricts stay dates it is normally because they are taking a vacation and will occupy the rental. Of course, this is a pro because it means an affordable vacation for you and your family.
- Property Updates – Restricting stay dates could be a good way to plan when you want to make updates to your property. This could be getting new furnishings, updating the kitchen, etc. Anything to boost the rental experience.
- You Could Make More Return on Your Investment – The more you rent out your property, the more ROI you will receive. So, if you intend to make your money back in a certain time frame, restricting stay dates for your vacation rental might not be the right thing for you to do.
- It May Also Hinder When Your Rental is Available – The more guests look at your rental and don’t find any dates available, the less they will look at your property. You would be surprised at how many guests like to return to the same rental year after year. Repeat guests are a great way to have a successful property, and you want yours to be available.
We hope this proves helpful when you start deciding on restricting stay dates for your vacation rental! Please feel free to contact our team with any questions. We are always happy to help!