Renting out a vacation home on Anna Maria Island is a great way to earn some income while the value of your property increases. If you enjoy using the property yourself from time to time, it’s even better – you don’t have to place a long-term tenant and you can create your own calendar for when it’s available and when it isn’t.
Inheriting a property presents you with a lot of options, especially in a real estate and rental market like the one we have in Bradenton, Florida. With the sales market as hot as it is, you can sell that property and earn a lot of cash right away.
Maybe you have inherited a property and rather than selling that home, you’ve decided to rent it out. That makes you an “accidental landlord.” You might also consider yourself an accidental landlord if you’re renting out the home you once lived in yourself.
As you prepare your Lakewood Ranch rental home, establish a competitive and profitable rental value, and begin marketing your property, you should be thinking about your ideal tenant. Good tenants have these traits in common: they pay rent on time, they take care of your property, they follow the terms of the lease agreement, and they’re willing to communicate.
Preparing your Anna Maria Island vacation home for your guests is one of the most important parts of your rental process. They’re going to arrive with high expectations, and you need to meet them from the very start.