It's estimated that Austin tourism brings in roughly $8.2 billion each year. If you own a summer vacation rental in the city, then the high season in Austin shouldn't be underestimated.
It has the potential to bring you a lot of bookings at a great price. However, this is only true if you know how to price and market your rental property.
So, what are some things you can do to make the most of the high season in Austin? And what should you do if you need help? In this summer rental tips guide, we'll answer these questions so you can start profiting more from your rental today.
Increase Your Pricing During the Summer Months
To have a profitable vacation rental, you need to take advantage of the months when demand for your property is high. That means charging more during the high season in Austin when all the tourists are coming to town.
And increasing your rental price isn't the only thing you do to maximize your vacation rental income. During the high season hosting, you also need to update your listing, take out more marketing, and encourage your renters to leave reviews at the end of their visit.
Also, keep in mind that the price increase works both ways. During the less busy winter months, you should decrease your price to encourage renters during the slow seasons.
Pay Close Attention to Upcoming Events
Austin is already a massive city. However, during certain events, the city swells up with visitors. A savvy vacation rental owner knows to keep an eye out for these upcoming events.
There are plenty of ways to do this. You can monitor the events on the official Austin, Texas page. Or, you can join Facebook groups to learn about more local ones.
Whenever you notice something like a large football game or summer concert series, consider increasing the price for that weekend. That way, you're taking advantage of a large influx of tourists.
Choose the Right Vacation Rental Platform
Different vacation rental platforms have different pros and cons. As such, it's important to compare the pros and cons of the rental platforms to decide which one is best for you.
If you want a tried and true classic that's easy to use, you can typically rely on AirBnb. Alternatively, if you have a large house, we recommend Vrbo since it allows you to rent to large groups and families which Airbnb lacks.
The problem with both these platforms is that you need to manage them entirely on your own. If you don't have the time for this, consider a vacation rental management company.
Need Help With Your Summer Vacation Rental? Contact PMI Austin Metro
We hope this guide helped you learn some summer booking tips and vacation rental strategies for maximizing your summer vacation rental in Austin. Here at PMI Austin Metro, we know that running a vacation rental can be a full-time job.
That's why we provide our clients with the flexible services they need. We provide as much or as little help as you need.
That way, you aren't paying for things you don't need. So, if you're ready to start profiting off tourism, get in touch with us today.
