Tennessee Property Management Tips: How to Get the Biggest Return on Your Investment Property

For years, visitors have traveled to Nashville for a taste of Music City. These travelers all need a place to stay, and more and more of them are looking for vacation homes and condos instead of traditional hotel rooms. You can make money off this demand with a successful investment property like a vacation rental. As a top property management company, the staff at Grand Welcome have seen it all and have put together a few tips on how to get the biggest return on your investment.

3 Tips for Earning Top Dollar on Your Rental

When done correctly, owning a vacation rental is a great way to earn a bit of extra income. Everything from how the property is decorated to how it’s listed can impact what you can get for rent. 

1. Make Checking In a Breeze

If checking in and out of your rental is a headache, you might just lose potential guests, which can affect your bottom line. Offering flexible check-in times is a great way to draw potential guests in, which enables you to charge more. This is something that not only sets you apart from hotels but even other rentals in the area. Just be sure to leave plenty of time to clean between guests. Consider automating your check-in process through things like a smart door lock or a lockbox. 

2. Spend Money on Upgrades Wisely

When updating or renovating your rental, don’t go overboard. Little details like luxurious towels, various streaming services, and high-quality toiletries can go a long way. If you’re looking to do more major updates, key areas include the main bedroom, bathroom, and living area. 

3. Work with Knowledgeable Experts

One of the best ways to earn the most revenue possible is by working with a top Tennessee property management company like Grand Welcome. Our Nashville location is locally owned and operated, which means you are working with people who know the market best. 

Our services include dynamic pricing, 24/7 local guest concierge, in-house revenue experts, and national reach and guest marketing. All of this comes together to help you list your property for value. 

We’re always looking to expand our inventory, so if you or someone you know is looking to list their vacation rental, contact us today by calling 1-888-870-0102 or filling out our online projection form.