Gatlinburg is an extremely popular vacation destination with amazing year-round weather, great natural beauty, and popular local attractions that brings millions of people to the city every year. These amazing aspects of Gatlinburg make the city a perfect location for a short-term rental property. If you are looking for a great place to invest in a FlipKey style vacation rental, look no further than the city of Gatlinburg. Kaizen Rentals’ experienced team can help you make the most of your investment with our FlipKey Gatlinburg TN management services.
Getting Started with FlipKey and Vacation Rental Investments
If you are just starting out and looking to invest in property, you may be a bit surprised at all that is required to make your FlipKey rental a successful venture. From proper home layout to property maintenance and upkeep to making your home stand out, managing FlipKey vacation rentals is a lot of work. However, this overwhelming experience can be made much easier with Kaizen Rentals. We take pride in our FlipKey property management in Gatlinburg that takes the work off of your plate.
Kaizen Rentals knows how to maximize your investment property to ensure that you make the most money possible. Kaizen Rentals is extremely familiar with FlipKey-style vacation rentals and manages many properties around Gatlinburg. From making recommendations to home layout to helping choose decor that is attractive to potential guests, Kaizen Rentals has the experience to maximize the profitability of your FlipKey investment home. If you’re looking for property management services for your Airbnb rental, make sure to check out our Airbnb management in Gatlinburg!
Benefits of FlipKey Gatlinburg TN Vacation Rental
FlipKey rentals in Gatlinburg TN have many benefits to other property investment opportunities. First, a FlipKey rental is really a multi-purpose investment. Unlike most property investment opportunities, the owner of the vacation rental is able to use their home while it is not in use. Owners are able to block out certain days of the year that they want to use the home or even capitalize on less busy times to use the home as a vacation spot. All you need to do with Kaizen Rentals is block out the days you want to use the home and then gain passive income on the days you aren’t using it.
FlipKey-style investment properties also generate higher income than long-term rentals in the same area. Daily rental rates are almost always higher with vacation rentals than long-term rentals, based on the short-term nature of the reservation and upkeep costs included in the booking. Even with periods of vacancies, these rentals generally generate more income than a long-term rental. These properties will gain more passive income than any yearly rental in the area.
FlipKey rentals in Gatlinburg TN also allow you certain tax write-offs as a subsequent benefit. Any home that you rent out for more than 14 days per year is considered a business. That means that you will have to pay taxes on the income earned from the home, but it also allows for additional tax write-offs. You can deduct almost any 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. Of course, our FlipKey management in Gatlinburg includes taking care of these tax concerns for you!
Lastly, owners of a FlipKey-style vacation home can incorporate the home into their retirement plan. Many people purchase a home for FlipKey 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. Owners can keep the home as passive income after retirement or simply use their previous investment property as a personal vacation or everyday home. A vacation rental is a perfect retirement option!
Kaizen Rentals Knows How to Manage Your FlipKey Vacation Rental
Kaizen Rentals has years of experience making the most out of your FlipKey vacation rental to ensure you get the most bookings and reservations. Kaizen Rentals uses a complex marketing and management approach to your FlipKey vacation rental to ensure your FlipKey gets the exposure needed to have the home earn passive income. From there, Kaizen takes care of all of the little aspects that most don’t realize go along with vacation rental ownership. This process is very particular and business-oriented yet instills a bit of personal feel to ensure a lasting relationship between Kaizen and its owners. 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 and will ensure that your FlipKey rental is taken care of. One of the ways we do this is through the Monthly Owner Report. This is a report sent straight to you on your FlipKey vacation style rental so that you are kept up to date on the status of your investment.
Contact us today to take advantage of our FlipKey management in Gatlinburg and make the most of your investment home!