How to Make Money with Your Cabin Rental
Here at Colonial Properties Cabin and Resort Rentals, we know firsthand what it takes to make money with your cabin rental. Our approach to income and revenue is powered by our years of experience helping owners achieve their financial goals.
Buy the Right Cabin Rental
When looking for a cabin rental in the Smoky Mountains, it makes sense to buy the right cabin rental. We’ve seen our cabin rental owners succeed the most when they consider:
Here in the Smokies, there are two major markets that renters seek out the most. Those are Gatlinburg and Pigeon Forge. There are several secondary markets that vacationing guests are interested in as well. Those include Wears Valley, Sevierville, Douglas Lake, Pittman Center, etc. Location is an important deciding factor for many guests. Purchasing a cabin that is conveniently located near popular destinations, attractions, shopping and dining will perform better than those located further away.
Decorate for Success
Creating a beautiful and relaxing space for your guests is one of the easiest ways to ensure success for your cabin rental. Throughout time we have learned that the most successful cabins are furnished and decorated with the guest experience in mind. When decorating a cabin, we have found that less is more. Cabins with less clutter and décor seem larger, are easier to clean, and experience less damage. Instead of focusing on extensive décor, invest in quality furniture pieces such as sofa, recliner, end tables, coffee table, lamps, etc.
Bright Colors Appeal More
Introduce bright and fun colors to your cabin rental. Most cabins have a lot of natural wood which can sometimes seem boring, but by adding a few pops of color here and there, space can be really livened up. Consider placing contrasting colors periodically throughout your cabin. Bright colors also tend to photograph better than subtle and neutral colors.
A Good Night’s Sleep
Quality mattresses and bedding impress but are often overlooked. Invest in a comfortable mattress set and pillows. Guests are quick to point out and remember if they did not have a comfortable night’s sleep in your cabin, and chances of them returning in the future are very slim.
Create a Chef’s Kitchen
One of the biggest draws of staying in a cabin versus a hotel is the private kitchen. Make sure that your cabin’s kitchen is stocked with all of the necessary items for guests to cook the meal of their choice. This includes pots, pans, baking sheets, mixing bowls, measuring cups, and plenty of plates, cups, forks, spoons, and knives.
Update Your Amenities
When you purchase a cabin here in Gatlinburg and Pigeon Forge, there’s plenty of competition for renters from other cabins throughout the area. One simple way of making your cabin stand out from all of the competition is to update your amenities. In addition to the standard amenities (hot tub, pool table, fireplace), consider adding some of these items to attract more renters; fire pit, arcade games, shuffleboard, movie theater (if you have space).
Hire the Right Cabin Management Company
A simple google search will yield countless cabin management companies in the area. The right cabin manager will take care of all of the details so that you can spend more time enjoying the extra income you make.
This is Where Colonial Properties Cabin and Resort Rental Comes in!
We take care of your cabin with exceptional service and attention to detail. When you partner with us, we take care of everything. We monitor pricing using our dynamic pricing strategies, we take care of your reservation calendar, monitor guest reviews, interact with and book all guests, extensively market your cabin to potential renters, take care of maintenance and housekeeping and so much more.
When you find the perfect cabin rental management company, there’s less worry and stress and more revenue and happy cabin ownership.