Living in Wisconsin’s beautiful Northwoods, many people want to know when is the best time to invest in a short-term rental. The answer may surprise you, but off-season – known as Winter here! – is the perfect time. Here are some reasons why:
Maintenance and Updates
The off-season gives new property owners time to take care of maintenance, create updates, and give the decor a boost. It gives you time to thoughtfully consider how you want your property to present itself to potential renters. And it certainly saves you the last minute panic of having to see to those details when a renter will be arriving the next week!
Short-Term Rental Permits and licenses
Another area that needs your attention are applications for licenses and permits required for short-term rentals. Are you planning on offering rentals of 30 days or less? Weekly rentals? Details such as how many beds are in the rental affect what kind of septic you need. These, and other specifics, sometimes take time to work through. On average, renters book 155 days in advance. After purchasing your rental property, having things in order by the end of February gives you an advantage and alleviates unnecessary worry.
It’s Sale Time!
After-holiday sales are a great time to stock up on rental property inventories, such as towels, sheets, comforters, pillows, kitchen linens, toilet paper, paper towels, and basic cleaning supplies. It’s the best time of the year to upgrade the interior furnishings at significant savings.
Contact Northwoods Realty – We can help with your Short-Term Rental or any Real Estate Needs.
If you’ve been thinking about investing in a rental property, give us a call! We’d love to have a conversation with you and guide you along your way. Coldwell Banker Mulleady REALTORS® has been the Northwoods professional, knowledgeable real estate company since 1983. We know the territory and would love to show it to you! Your goals are our priorities.