7 ways to boost income with short-term rentals

Check out our tips on offering personalized experiences, themed packages, and premium amenities.
ways to boost Income with short-term rentals

As a short-term rental property expert, I’m excited to share some creative ways to boost your income with short-term rentals while providing unforgettable experiences for your guests. By offering unique, value-added services, you can set your property apart from the competition and maximize your earnings. Don’t forget to explore RentEye vacation rental property management solutions to help you streamline your operations and focus on what matters most – delighting your guests.

Offer personalized experiences

One way to earn extra income and make your guests’ stay memorable is by offering tailored experiences. These can include guided tours, cooking classes, or even workshops related to local culture or crafts. By partnering with local businesses or experts, you can provide unforgettable experiences that will have your guests raving about their stay.

Create themed packages

Cater to specific interests by offering themed packages that combine accommodations with related activities or attractions. For example, you could create a “Romantic Getaway” package that includes a couple’s massage or a “Family Adventure” package with tickets to a nearby amusement park. These packages can add value to your guests’ stay and encourage them to book your property over others.

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Provide additional services

Another way to boost your income is by offering convenient services that cater to your guests’ needs. This could include airport transfers, grocery delivery, or in-house catering. By charging a fee for these services, you can increase your overall revenue while making your guests’ stay more enjoyable and stress-free.

Partner with local businesses

Establish partnerships with local businesses to offer exclusive deals or discounts to your guests. This could include partnerships with restaurants, spas, or tour operators. Not only will this generate additional income, but it will also encourage guests to explore and support the local community.

Upsell premium amenities

Consider offering premium amenities for an additional fee, such as a hot tub, sauna, or high-end entertainment system. These luxurious extras can appeal to guests looking for an upgraded experience and help you generate more income from your property.

Rent out equipment or gear

Depending on your property’s location, you may have the opportunity to rent out equipment or gear to your guests. This could include bikes, kayaks, paddleboards, or even ski equipment. By providing these rentals, you can cater to active guests looking to explore the outdoors during their stay.

Offer event hosting

If your property has the space and facilities to accommodate events, consider marketing it as an event venue. This could include hosting weddings, corporate retreats, or family reunions. By offering this service, you can attract larger groups and increase your rental income.

In conclusion, there are many creative ways to generate additional income from your short-term rental property while enhancing your guests’ experience. By offering unique services, experiences, and amenities, you can set your property apart from the competition and create lasting memories for your guests. Don’t forget to explore RentEye’s short-term noise monitoring solutions to help you minimize the risk of damage to your short term apartment and noise violations disrupting neighborhood relationships.