CBIZ Celebrates Vacation Rental Week 2024

CBIZ Vacation Rental Insurance is thrilled to participate in the fifth annual Vacation Rental Week! It’s time to spread awareness about the positive impact professionally managed vacation and holiday rentals have on guests, property owners and local economies across the country. To get in the spirit of the week, we’d like to use this opportunity to highlight the value and key benefits of vacation rentals for both guests and property owners alike.

Vacation Rental Week 2024

For your guests, vacation rentals are a great alternative to hotels in every aspect, offering them much more for their money, with additional space, privacy, convenience, and amenities included. Along with this added value, the industry itself is experiencing rapid growth each year, resulting in an expanding range of options. This means there are more properties, a greater variety and an abundance of destinations to choose from.

Vacation rentals also present a unique opportunity to create a more personalized, memorable vacation experience when compared with traditional hotels. Vacation rentals have the practical comfort of an actual residence, the ability to explore the neighborhood, and the opportunity to discover aspects of the destination guests might not encounter when staying at a hotel. If vacationing with a group of family or friends, vacation rentals are an excellent option, typically offering multiple bedrooms, kitchens, laundry rooms and easy access to local entertainment.

As a property owner, renting your second property can be an easy and reliable revenue source, transforming it into an asset that offers a significant return on your investment. You’ll also be able to use the property when you choose, spending your own vacation there with family or friends while renting it to guests the rest of the year. 

If you find yourself spending more time than you have to manage your vacation rental property, consider working with a professional property manager or implementing a few of these tricks. A professional vacation rental manager can handle all the logistics, securing responsible guests and maximizing your return through an expert understanding of the industry and in-depth knowledge of the local community. They’ll also advertise the property, handle inquiries, collect deposits and balances, generate agreements and follow up post-rental, so you can sit back and simply enjoy the experience.

Finding a vacation rental to book or a professional manager to represent your property is fast and easy. Our friends at the Vacation Rental Management Association (VRMA) can help you locate property managers and their available properties worldwide.

If you would like to join us and get involved in Vacation Rental Week, join the conversation on our social media pages as well with the official #VacationRentalWeek hashtag. To learn more about vacant property coverage and risk mitigation for rental properties, connect with a team member at CBIZ Vacation Rental Insurance. Request a free quote today to get started.

This blog may contain scenarios that are provided as examples only. Coverage is subject to the terms, conditions and exclusions of the policy issued. The information provided is general in nature and may be affected by changes in law or the interpretation of such laws. The reader is advised to contact a professional prior to taking any action based upon this information.

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