Join Christopher Matthew Spencer for an in-depth discussion in this video The different types of spaces you can rent, part of Making Money with VRBO.
- VRBO allows you to list residential and other accommodations for short-term rental. In order to list on VRBO, the accommodation must have a valid physical address. You'll also need to provide details such as the type of accommodation, perhaps a home, an apartment, a cabin, a boat, or maybe even a farmhouse. One really cool feature about VRBO is the ability to filter by location or property type. You also need to indicate how many guests are allowed, the size of the space, its features, and the amenities, such as towels, sundries and housekeeping if offered.
Let's check out some VRBO listings to see the variety of what's offered. If you'd like to catch fish off the balcony of the coolest, tallest house in Lake Travis, Texas, you can cast your lure while enjoying this luxury home. Or you can relax in this 13th century Lakeside Castle in the remote city of Headford, Ireland. If you're a chill seeker, you can ski the slopes in Breckenridge, Colorado, and then enjoy a snug night's rest in this ultra-luxury, 6500 square foot home. If you don't tend to get seasick, this gorgeous boathouse is available in Bermuda.
I found this impressive and well-appointed apartment in the Big Apple for a reasonable 360 dollars a night. This Hollywood Hills mansion in Los Angeles sleeps 12, and the view will leave you breathless. No matter what type of accommodation you're offering, it's important to be clear about what's being rented and what is and is not included or allowed, so that your guest has the best possible experience during their stay. While most of us don't rent a boat, if you do, are you just renting it for sleeping quarters, or can I enjoy a relaxing weekend trip across the lake in it? Here's some additional thoughts.
VRBO is a marketplace, and the agreement you're entering into is between you and your guests. So be sure you're legally allowed to rent the accommodation to them. Make sure you're in good shape with your landlord. Many rental and lease agreements have restrictions on subletting, and that would include renting out using VRBO. Even if you're an owner, be sure you're not restricted by a homeowner's, or a condo association policy, preventing you from renting out your property to others. It's also okay to list motel and hotel rooms on VRBO.
While you don't have to offer furnished accommodations, it'll be much harder to rent an unfurnished place, and that generally doesn't fit well for a VRBO business, unless you're renting a barn or a vacant camping area. Just remember that it must have a physical street address in order to be listed.
Christopher Matthew Spencer, a successful VRBO host, first acquaints viewers with VRBO and the requirements—both in terms of mindset and property—needed to venture into the VRBO world. Then you'll learn how to prep a property, stock it with amenities that will garner 5-star reviews, and craft an attention-getting listing that covers everything from the listing headline to property descriptions and guides. The course also explores how to manage guest interactions, deal with housekeeping and maintenance, and promote listings outside of VRBO. Start watching to learn how you can profit from this great sharing economy platform.
- Evaluating whether VRBO is right for you
- Writing about and photographing the property
- Establishing a price for your VRBO rental
- Planning for ongoing maintenance
- Preparing the kitchen, bedroom(s), and other spaces
- Stocking your rental with amenities
- Scouting the competition
- Managing guest interactions, including check-in and checkout
- Working with guest feedback
- Promoting your VRBO rental