Property Management 4 mins read

How to manage a vacation rental remotely

By March 8, 2019 March 22nd, 2019 No Comments

About the author: Alex Haslam is a freelance writer who focuses on connectivity — finding ways to use technology to enhance the beauty and convenience of our entertainment, relationships, and living spaces. She spends her free time playing music, watching movies, and traveling anywhere she can.

 

If you’ve always dreamed of having a vacation home in an idyllic location, now is the best time to make your dream a reality. Smart home technology has made it easier than ever to rent out your vacation home when you’re not using it.

Renting out your vacation home

If you’ve ever dreamed of having a second home on your favorite beach or at the foot of your favorite ski slopes, remote renting could help you make back most, if not all, of the costs and expenses associated with owning a second property. Once you’ve paid down these costs, your vacation home starts generating income, making it an attractive money management strategy.

Managing a vacation rental successfully requires careful organization and a few smart home tools to make sure you’re on top of your property’s security and utilities. Once you’ve got a good system in place, you can manage your vacation rental from the comfort of your living room without lifting more than a finger.

Property access

Your vacation home’s security is one of the main hurdles for remote management. You’ll want to create a system that allows renters to access the property conveniently without leaving your home vulnerable to intruders. Luckily, smart home tools allow for the best of both worlds.

High-quality security systems combine the benefits of a monitored system with the ease and convenience offered by smart technologies like automated locks, security cameras, window and door sensors, and more. These are a few of the security tools you can connect to a security system to make remote management easier.

  • Automated door locks: A smart lock allows for keyless entry using a smartphone or a key code, allowing you to secure your rental’s doors from a distance. You can also change the lock access between each renter to keep out uninvited guests.
  • Smart doorbells: A smart doorbell adds an additional layer of defence for your property by showing an image of every person who rings your doorbell. This setup can alert you to an unplanned block party or simply notify you when a package arrives.
  • Smart security cameras: The newest AI-powered security cameras use advanced facial recognition software to identify anyone that enters your home. You can set these security cameras to alert you in the event of a break-in or to allow cleaning crews and trusted repair personnel to enter your home when you aren’t close by.

Temperature and lighting

Your guests may not always treat your rental home with the same respect as you. To avoid racking up big utility bills, consider using smart home technologies to manage your home’s utilities remotely.

  • Smart thermostats: Wi-Fi connected thermostats increase the efficiency of your home through automated temperature management. A smart thermostat monitors the temperature of your home throughout the day and automatically adjust the temperature when your home is occupied or when there’s a change in the weather. You can control many smart thermostats from your smartphone and receive alerts when a window gets left open, making remote utilities management a lot simpler.
  • Smart lighting: Excess electricity use is another big concern when renting remotely. Smart lighting can ensure nothing gets left on when your rental property is unoccupied. Smart LED bulbs can increase the security of your vacation home by mimicking your usage patterns when your property is unoccupied—and the money these bulbs save in electricity can help offset their cost.

Remote booking

The final step in making your rental property an income generator is to bring in guests. Keeping your vacation home occupied with paying renters might seem like a full-time job, but remote booking management platforms like Hostfully simplify the process. These apps function like guidebooks for renters, linking your property to useful maps and local recommendations.

The built-in messaging platform also helps you stay in touch with guests, keeping you in the loop to answer any questions or concerns they might have. Keeping lines of communication open is the best way to keep your renter relationship healthy.

Conclusion

Remotely managing a vacation home might seem like a difficult or stressful operation. Luckily, smart home technology answers many of the challenges of remote rentals, using intelligent tools that put you in control of your home from anywhere.