Owning a vacation home in Ocean City, Maryland, should bring you and your family members lots of joy, extra revenue or even a nice combination of both. That’s why we at Vantage were stunned and saddened by the results of a recent Lending Tree survey.
Nearly half of all vacation home owners said they feel guilty about their second properties and how seldom they use them.
How seldom are we talking? Just over a quarter (26%) say they personally use their home more than five times a year. And 37% use their vacation home only once a year or less.
So, what about renting out the property and earning some income? Another study found that most people purchase their second properties with the aim of renting them out. The Lending Tree survey backed this up, with most (56%) vacation homeowners claiming they bought their homes with that very intention. The bad news: 59% have never followed through.
If you’re among those feeling guilty or thinking you don’t get the most out of your Ocean City, MD, vacation home, we have an easy remedy.
Outsource the Work
First of all, we’re sorry you can’t get to Ocean City more often. We’d be remiss not to share what we recently learned about the many benefits of taking vacations.
Shedding your second-home guilt by renting starts with letting go of the long list of responsibilities that can seem overwhelming. If you ever considered renting out your vacant Ocean City, Maryland, home but you never did, think of what held you back. You didn’t know how to market your property or find prospective guests? Maybe you were intimidated by the taxes and paperwork. Or you just didn’t want to field service calls at 2 a.m. to fix leaky faucets and blown fuses.
By working with a full-service property management and marketing partner, you can generate income without inconvenience. Vacation property management companies come in all shapes and sizes, with varying degrees of expertise, but you’ll get the greatest return for your property investment working with a partner capable of:
- Creating a personalized plan for your vacation property based on your own desired usage and rental goals
- Promoting your property throughout the year with a mix of email, social media and traditional channels
- Managing listings and bookings
- Communicating with guests before, during and after their stay to ensure satisfaction and drive return visits
- Providing bookkeeping services, such as ongoing and year-end accounting with sales and occupancy tax compliance
- Managing professional cleaning, linen and maintenance services
- Performing regular home inspections
- Protecting your property with emergency and storm preparation services
Say Goodbye to Guilt for Good
You should have only positive vibes about your Ocean City, MD, vacation house. If you want to get more from your property and get rid of any guilt, contact the Vantage team at 410-723-2002. We’ll provide a complimentary rental assessment so you’ll know what to expect.
Founded in 2007, Vantage Vacation Rentals specializes in delivering exceptional experiences for both vacation property owners and their rental guests in popular Maryland destinations such as Ocean City, Annapolis and the Eastern Shore of the Chesapeake Bay, as well as the Delaware beaches and North Myrtle Beach, South Carolina. Vantage serves owners with extensive property marketing and promotion as well as comprehensive property management services to help maximize rental income opportunities. With over 550 managed properties, Vantage makes it easy for vacationing guests to find and reserve the perfect option—then enhances their stay with exclusive benefits and discounts. To learn more about Vantage Vacation Rentals, visit VantageOceanCity.com, EasternShoreVacations.com and VantageMB.com.