Is Your Cottage Just Sitting There?
Is your cottage empty most of the year when it could be generating income? Imagine this: I was kayaking on our serene lake yesterday, and I noticed how quiet everything was. All around, cottages were shuttered up, looking deserted and lonely. With the colder months approaching, most of these places will remain untouched until next spring. It's a shame, especially considering the rising costs of maintenance and property taxes.
Rarely Used, Often Empty
Many of my neighbors, like those on the Crowe River, rarely use their cottages; they're vacant most of the time, wasting the potential of their beautiful, peaceful settings. It's surprising that not many people consider turning their rarely-used properties into income through short-term rentals. Even renting out for a few weeks in summer or occasionally during the off-season could help cover some expenses or fund significant upgrades.
The Reluctance to Rent
However, not everyone is on board with the idea of renting out their space. Here are the top five reasons people hesitate:
They want to keep it for personal and family use.
The discomfort with strangers staying in their space.
Negative stories they've heard about renters.
Belief that no one would want to rent their place.
Concerns about the effort involved.
These concerns are valid, and many cottage owners would rather not rent out their properties. Yet, renting might be worth considering for those pondering over the financial strain of maintaining a cottage that's only used a couple of weeks a year.
Exploring the Benefits of Managing Short-Term Rentals
Over the next few weeks, I'll explain the basics of managing short-term rentals and address common concerns with factual, positive experiences from those who've enjoyed the benefits of renting out their properties. If you're curious but unsure where to start, subscribing to the 5 Star STR newsletter is your first step toward potentially profitable cottage rentals.
See also: How Turn Your Rental's Backyard into a Guest Paradise
Short-Term Rental, Made Easy. Click Here to book your appointment.