Over 70 million people visit Atlanta each year, making it one of the most popular destinations in Georgia. For property owners in Sugar Hill, a suburb of Atlanta, there's a real opportunity to generate extra rental income and boost the local economy. Now is the time to make a plan of action.
First, prepare your vacation home by hiring a property manager skilled in maintenance, marketing, accounting, and a full suite of services. These professionals also apply rigorous tenant screening standards to ensure only the most responsible guests book your rental.
Follow the tips below to create an action plan for managing vacation homes.
Tips for Buying a Vacation Home
Purchase investment properties that are in a great position to profit. This process starts with location. Look for rentals located near transportation, shopping, dining, and attractions; this is especially important to visitors who want to take in all the sights and sounds of Atlanta.
Make sure the property is in great condition before buying. Inspect the property for any potential repairs and upgrades during a walkthrough. Once purchased, a property manager will also inspect the property for possible upgrades.
Inspect Your Vacation Property Investment
Upgrades make a world of difference and can help you command a higher listing price, like pools, more square footage, outdoor entertaining features, and kitchen and bathroom remodeling. Make sure the kitchen is fully equipped with quality appliances; include an air fryer as an extra perk!
Rental properties need high-quality HVAC systems and air quality testing to ensure there is no indoor air pollution. All electrical wiring, plumbing, smoke alarms, and fire extinguishers are inspected to ensure functionality. Property managers also network with local electricians, handymen, plumbers, and more services to ensure properties are always maintained.
Vacation Home Tips for Staging
Guests expect furnished rentals while on vacation. One of the best parts about owning a vacation home is decorating it for guests and marketing material. Think about motifs and color schemes visitors associate with Atlanta or relaxing color palettes and textures that appeal to guests on vacation.
Choose creative wall art and decor pieces that reflect the theme of the rental. You could also hang tapestries on the wall, include wind chimes in the backyard, or opt for decorative lighting and centerpieces.
Make sure the rental is stocked with new, fresh linens for the bathroom, bedroom, and living rooms. On-site laundry is a big plus and may command higher rental rates and interest among prospective guests. Include housekeeping services in the rental package; professional laundry and cleaning are huge perks.
The above tips contribute to stellar guest experiences, leading to 5-star ratings and word-of-mouth marketing. Property managers may list your vacation home on Airbnb and VRBO sites to optimize Sugar Hill real estate marketing strategies.
Make Your Vacation Home Truly Unique
Stand out from the pack by creating a memorable experience for Sugar Hill guests. Talk to a property manager about the above vacation home strategies to maximize the profitability of your portfolio.
PMI Northeast Atlanta networks with 15 property management franchises in Atlanta and is part of the fastest-growing real estate franchise in the country. We also offer brokerage expertise for buying and selling properties.
Talk to us about your goals for investing!
