Gatlinburg and the Smoky Mountains are one of the most popular tourist destinations in the entire nation. This area offers scenic views, exciting attractions, and a high-energy lifestyle that attracts millions of people per year. The high level of tourism in Gatlinburg is great for those looking to rent their home out as an Airbnb. If you are looking to turn your home into a vacation rental, our Gatlinburg Airbnb management can help make the most of your investment!
Getting Started with Gatlinburg Airbnb and Vacation Rental Investments
If you are looking to get started with an investment property, you may be a bit surprised at all of the elements you need to juggle to make it a successful venture. From design options to property upkeep to marketing your home, management of Airbnb vacation rentals can easily become a full-time job. However, this overwhelming experience can be made much easier with Kaizen Rentals. Kaizen takes all of the burden off of your plate with our Gatlinburg TN Airbnb property management services.
Kaizen Rentals is very familiar with how to maximize your investment property to ensure that you make the most money possible. Kaizen Rentals is extremely familiar with Airbnb-style vacation rentals and manages many properties around Gatlinburg. From laying out the home to maximizing potential space to choosing paint colors to evoke positive emotion in the home, Kaizen Rentals has the experience to make the most out of your Airbnb-style investment home. If you’re looking for property management services for your VRBO rental, make sure to check out our VRBO management in Gatlinburg!
Benefits of Renting Your Home
Airbnb-style vacation rentals have many benefits to alternative investment opportunities. First, an Airbnb-style vacation rental is a dual-purpose investment. Unlike many property investment opportunities, a vacation rental allows owners to use their own investment property whenever they wish. You can rent out your home when you want, and then use the home as a vacation destination when you are wanting a vacation. All you need to do is block out the days you want to use the home and then gain passive income on the days you aren’t using it.
Another amazing benefit with an Airbnb-style investment home is that it will generate higher income. Vacation homes bring in rent at a higher rate than most long-term rental properties. Daily rental rates are almost always higher with vacation rentals than long-term rentals due to peak days and the short-term nature. Even with periods of vacancies, these rentals generally generate more income than a long-term rental.
With an Airbnb-style investment property, you can also write off expenses. If you are renting out a home for more than 14 days a year, it’s considered a business for tax purposes. That means that you will have to pay taxes on the income that it brings in, but it also allows for tax write-offs that will benefit your property. You can deduct almost any of the ordinary and necessary costs of doing business. This includes booking fees by management platforms, hosting fees, cleaning fees, supplies, insurance premiums, utility costs, mortgage interests, and more.
Finally, one of the best benefits to owning an Airbnb-style vacation rental is that you can use it as a retirement plan. Since you control what property you purchase and where you purchase it, you can choose a location where you would want to retire. Many people purchase a home for Airbnb type investment with the plan to retire there after generating income for years. This dual-purpose investment is perfect for those who are approaching retirement and want an extra layer of comfort that can potentially pay for itself.
Kaizen Rentals Knows How to Manage Your Airbnb Vacation Rental
Kaizen Rentals has years of experience marketing your Airbnb vacation rental to ensure you get the most bookings and reservations. Kaizen Rentals uses a complex, multi-tiered marketing approach to vacation rentals to ensure the most people view your home. Exposure is key to ensure that you have the most bookings throughout the year. From there, Kaizen’s Gatlinburg TN Airbnb management team takes care of all of the inspections, vetting potential renters, and most of the paperwork and forms that go along with vacation rental ownership. This process sounds very by the book and proper, but we want to instill that we still treat your home as if it were our own. The goal of Kaizen Rentals is to keep you informed at every step to create a transparent and trustworthy relationship. We want to ensure that you know we take one of your biggest investments seriously. One of the ways we do this is through the Monthly Owner Report. This is a report sent straight to you on your Airbnb vacation-style rental so that you are kept up to date on the status of your investment.
If you’re ready to get started, contact Kaizen Rentals today to learn more about our Airbnb management in Gatlinburg!