“Screens can look blurry and be a distraction in photos,” Alicia says. Don’t use screensavers, either.
7. Pay attention to unsightly details
Alicia suggests hiding any messy cables, such as phone cords or TV wires. “If they’re too long to hide, remove them for the photo shoot and reattach afterward.” Another noticeable vacation home staging detail—the seams on your lampshades. Turn them toward the wall, so the camera just captures a smooth surface, she recommends. Don’t forget to straighten any tilted lampshades, too.
8. Give your bathroom spa vibes
Hang towels neatly on a rack, straighten the bath mat, tuck away any trash bins and plungers, and close the toilet lid, Alicia recommends. For glass showers, leave the door closed. Or, if you have a shower curtain, push it all the way to the side so the shower head is visible.
Evaluate the profitability of your vacation rental property by calculating the rental income against your initial investment. Assessing the cash-on-cash return helps identify how much cash flow you can expect from your rental property in relation to the initial capital you invest.
The 1% rule of real estate investing measures the price of an investment property against the gross income it can generate. For a potential investment to pass the 1% rule, its monthly rent must equal at least 1% of the purchase price.
Rates of return vary depending on factors such as location, property type, and market conditions. However, vacation rental owners usually aim for a return on investment (ROI) of at least 8% to 10%. This ROI accounts for rental income, expenses, property appreciation, and potential tax benefits.
It takes into account its net operating income (NOI) and the fair market value (FMV) of the property. To determine the net operating income, you must subtract all the property's operating expenses, such as property taxes, insurance, maintenance costs, and utilities, from the gross rental income.
Gross rental yield is the annual rent expected which is divided by the overall property costs.And with that amount, times this number by 100. The property cost should include the purchase price, furnishing, and closing expenses.
Keeping your space open and clutter-free will impact the overall impression the guests will have on your home. Keep your space open by staying away from bulky furniture. Removing all clutter will keep things visually appealing. Make sure countertops are clear and hide any kitchen appliances in the cabinets.
Introduction: My name is Horacio Brakus JD, I am a lively, splendid, jolly, vivacious, vast, cheerful, agreeable person who loves writing and wants to share my knowledge and understanding with you.
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