Frequently Asked Questions

Answer:  The question that is asked most frequently is whether you can still stay at your house if you rent it out, and the answer is YES! You remain the owner of the property, and you have complete control over how much of the property you want to rent out and how much you want to keep for your personal use. There are various ways to achieve this, such as reserving specific dates for your personal use or even blocking out entire months. Ultimately, the decision is yours. Moreover, if there are any unreserved dates, you can always take advantage of them and make a spur of the moment trip.

Answer:  Determining the nightly rate for your property depends on various factors such as the location, square footage, amenities, number of bedrooms and bathrooms, and so on. It is challenging to provide a precise answer to this question without physically inspecting the property. However, you can expect to get a higher rental amount than you might have anticipated.

Answer:  Although it's not very common, there is still a possibility of items being damaged or broken when renting out a vacation property, just like in your own home. As a precaution, it's recommended to remove any high-value or fragile personal items from the property. For example, storing delicate china ornaments on a low shelf could be risky as children might accidentally damage them. By taking necessary precautions, you can reduce the risk of damage to your belongings. Additionally, most minor damages caused by renters can be covered by the damage deposit taken during the booking process. 

Answer: The decision to manage your property yourself or hire a property manager is entirely up to you. However, it depends on several factors such as the distance between you and your property, the amount of free time you have available (as renting takes a considerable amount of time), your experience in dealing with the general public, and your comfort level in managing bookings, coordinating a maid service, emails, phone calls, texts, and listing sites such as Airbnb and VRBO. If you decide to hire a property manager, we hope you'll give Standout Properties a call.

Answer: Absolutely! You can generate rental income by multiplying the nightly rate by the occupancy rate. It's important to note that you would need to account for expenses such as repairs, maintenance, mortgage payments, insurance, and supplies for your property, regardless of whether you decide to rent it out or not. However, renting out your property can help offset these expenses, which can potentially reduce your tax liability. Additionally, if you choose to hire a property manager, the cost can be considered as an expense too.

Answer: To prepare your property for short-term rental, the necessary steps will depend on the current condition of your property. Similar to preparing a house for sale, you should ensure that everything is fixed and in good working order. It's important to declutter your property as much as possible by removing any fragile or high-value items. You should also secure any areas that are off-limits and clearly indicate this on your listing. Additionally, there are several things you can do to increase your rental potential, such as adding Wi-Fi, a washer/dryer, streaming or satellite TV, and a fully stocked and entertaining-ready kitchen.

Answer: If you're wondering why you should select Standout Properties, the answer is simple. Choose us if you desire a management company with more than a decade of experience in the vacation rental industry. Choose us if you want your property to be handled with the same level of care as you would personally. Choose us if you believe that the personal touch is still critical. Choose us if you want to be treated as an valued member of our family. Finally, choose us if you want a management company with a track record of proven success.