Maximizing Rental Income: Tips for Breckenridge, CO Vacation Home Owners

Maximizing Rental Income: Tips for Breckenridge, CO Vacation Home Owners

Colorado is one of the most popular areas for winter sports: In fact, millions of visitors flocked to the slopes in 2023.

Breckenridge is perhaps one of the most famous ski towns in Colorado. With a plethora of things to do in every season, it's no wonder that this mountainous haven is a popular tourist destination.

Are you a vacation rental owner in the Breckenridge area? Read on to learn about some tips for maximizing rental income on your short-term rental.

Change Your Rental Pricing Seasonally

Winter is the height of ski season, so you can charge much higher rates during this time of year. However, it's important to adjust the pricing so you can attract more visitors in the off-season.

Look at times of the year when you draw fewer reservations. Decreasing your pricing will help fill those vacancies. Remember, getting reservations and making some money is better than letting your rental sit empty.

Automate Tasks

Automating tasks saves you time and labor as a short-term landlord. The best way to automate your processes is through a property management company.

For a fee, you can work with a third party, which will take care of everything for you. They can stay in contact with guests, manage bookings, and respond to requests such as maintenance and repairs.

Rack Up Positive Reviews

You can charge more for your vacation rental when you have more positive reviews. A higher rating means your listing will be closer to the top on many vacation rental booking websites.

If potential guests see the reviews, they may feel more comfortable paying a higher rate. They know they will get a premium experience when booking with you.

Work on Vacation Rental Marketing

Focus on the details in your online listing. You should pay extra attention to language and amenities. Outline the benefits of staying at your property and what you have to offer that stands out from your competitors.

If you can afford it, try to bring in a professional photographer to take pictures of the space. Even good pictures with a smartphone can showcase the unique details of your property.

Provide Stellar Guest Service

Go above and beyond with your guest service. Make sure you are always available to contact so your guests can reach out to you with questions or concerns.

This is another scenario where a property management company can help save time. Rather than having to worry about guest problems, you can outsource that task to a property manager.

The Keys to Maximizing Rental Income

If you want to make a profit on your vacation rental, maximizing rental income is essential. With these tips, you can bring your revenue to the next level.

Do you want to invest in a vacation rental in Breckenridge, Colorado? PMI Breck is the perfect choice to help you manage your rental property.

With our extensive experience in vacation rental management, we can help you with every aspect of property maintenance. Reach out to us today to learn more.