Did you know that Denver attracted almost 40 million visitors last year? Surrounded by nature, and full of attractions, shopping, and restaurants, it is easy to see why!
These are all great reasons why it is a great place to start a short-term rental business. But you will need to have the right tools if you want to be successful.
Luckily this article outlines three tips for getting started with Airbnb rental management. Let's take a look.
1. Learn About Local Regulations
A common query among landlords is "Does Denver allow Airbnb?". The short answer is yes, as long as you follow the correct procedures and protocols.
Following local laws and regulations is vital when starting your vacation rental. Do your due diligence when it comes to requesting permits and licensing.
You need to check that you are clear on all the necessary taxes that need to be paid. Denver also has strict rules about the safety measures and insurance you need to have in place.
If you are unsure, working with a Denver property management company is a good idea. They have a deep knowledge of all this and more!
2. Create a Captivating Listing
Once you have all the legal requirements covered, you are ready to make your property listing. To stand out on a site like Airbnb, you need to make your listing professional and eye-catching.
High-quality property photos are a great way to do this. Colorful, well-composed pictures will draw the eye to your listing, increasing your click-throughs.
Describe your property in a way that is appealing to your target market. You want to show prospective guests why your short-term rental is unique. Include information about the local area, such as transport, attractions, and amenities.
If you are asking yourself the question "Is Airbnb profitable in Denver?", then you are in luck! As long as you opt for competitive pricing on your listing, you won't have trouble with vacancies.
Research the rates of similar properties in the area, and name your price accordingly.
3. Prioritize Guest Experience
Setting up your Airbnb in Colorado is only the first step. Provide an excellent customer experience if you want to keep guests coming back.
Plus you will need lots of positive reviews to grow trust in your rental business.
Communication is the foundation for a great guest experience. Always respond quickly to any inquiries and go above and beyond when problem-solving.
Gestures like a welcome card and a sweet treat will go down well with guests. Home touches like comfy beds, and a well-stocked kitchen will improve their experience.
Regular property maintenance of your short-term rental is essential. Keep everything clean and in good condition to leave a good impression.
Master Airbnb Rental Management
Kickstart your Airbnb rental management business by following the landlord tips above! Don't forget that working with a local property manager will help with hurdles along the way.
Here at PMI Denver Metro, we're confident that our expertise will take your business to the next level. Enjoy our full-service asset management, including property maintenance and tenant relations.
Organize your free rental analysis today to explore all your possibilities.