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28 Jan 2015

Do You Know What It Takes to Manage a Successful Vacation Rental on North Carolina’s Outer Banks? Sun Realty Does!

You love your Outer Banks vacation home so very much. In fact, you love it so much that you've decided that it’s just not fair to let it sit empty so much of the summer. The location is perfect, and the creature comforts are many: Renting it out is sure to be as simple as the ocean breeze that wafts in on a sunny Nags Head morning.

Or so you think.

Consider what it takes to manage a successful vacation rental on North Carolina’s Outer Banks, and then consider hiring Sun Realty for all of your property management needs.

Let’s talk legalities.

  • First, you’ll need to brush up on North Carolina’s short-term rental laws.
  • Then you’ll have to make yourself familiar with the requirements for business licenses, as well as the safety requirements and health code regulations.
  • Don’t neglect to purchase an insurance policy for your Outer Banks vacation rental.
  • Create a rental agreement; can’t forget that.

And what about maintenance?

  • You have to find, and hire a housekeeper or cleaning service, and provide them with a cleaning checklist. If you don’t live nearby, this task gets even harder: How do you really know whom you can trust with the keys to your home?
  • Same goes for a reliable handyman. Do you know who to call when something goes awry?

It's all about the little things.

Your oceanfront vacation home is furnished; there’s a pool, a washer/dryer, a billiards table, a state-of-the-art home theater, and six bedrooms. What else could a renter want? Toilet paper, for one. To manage a rental successfully, it’s important to think of all the little things.

  • You’ll have to go shopping for the necessities, before each new set of beachcombers arrives, and again after they leave.
  • Ever read an instruction manual? Now you have to write one! Your tenants will need to know the ins and outs of how to work the appliances, as well as the rules of your home.
  • Don’t forget to take inventory. No one wants to think about the possibility, but the truth is, you never know what your vacation renters might decide to take home with them. It’s important to keep track of what’s what, so you’ll know what’s missing.

“Wow, Sun Realty. That’s a lot more work than I thought.”

Managing a successful vacation rental takes a lot of preparation, and a lot of work. Regulations, taxes, advertising, maintenance, and the myriad of seemingly little things are all equally important. But we’re here to let you in on a little secret: You don’t have to do it alone.

Call on the Outer Banks vacation rental experts with more than three decades of experience. Call on Sun Realty for all of your property management needs.


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