Wisconsin Dells, often dubbed the "Waterpark Capital of the World," is a prime destination for travelers seeking fun-filled family vacations, scenic outdoor adventures, and unique cultural experiences.
For homeowners, this popularity presents a lucrative opportunity in renting your home to travelers, and thus, maximizing rental income.
However, to make the most of this venture, understanding the essentials of renting your home in Wisconsin Dells is crucial. Here are the key home rental tips in Wisconsin you need to know.
1. Understand Local Regulations
Before listing your home as a vacation rental, familiarize yourself with local laws and regulations governing short-term rentals in Wisconsin Dells. Here are some of them.
Licensing and Permits
Many municipalities require a short-term rental license. Check with your local government to ensure compliance.
Room Tax
Wisconsin Dells imposes a room tax on short-term rentals. As a host, you are responsible for collecting and remitting this tax to the local authorities.
Zoning Restrictions
Ensure your property is in a zone that permits short-term rentals. Some residential areas may have restrictions.
2. Create a Welcoming Space
Travelers choose vacation rentals for the comfort and convenience they offer. To attract bookings, focus on creating a welcoming environment.
Comfortable Furnishings
Provide cozy beds, ample seating, and well-maintained furniture to ensure your guests feel at home. Highlight Wisconsin Dells' charm by incorporating local artwork, maps, or brochures about nearby attractions.
Essential Amenities
Stock your home with essentials like toiletries, fresh linens, Wi-Fi, and a fully equipped kitchen. Extras like a coffee maker or board games can enhance the guest experience.
3. Prioritize Safety
Guest safety is a top priority when renting out your home. Take the necessary steps to ensure a secure stay.
- Install Safety Features: Equip your property with smoke detectors, carbon monoxide alarms, and fire extinguishers
- Secure Entrances: Use lockboxes or smart locks to provide safe and convenient access to your home
- Property Inspection: Regularly inspect your property for hazards like loose railings, slippery floors, or faulty wiring
4. Optimize Your Online Listing
Your online listing is often the first impression travelers will have of your rental. Make it count by presenting your home in the best light.
- High-Quality Photos: Use professional-grade photos that showcase your home's best features
- Compelling Descriptions: Write a detailed description highlighting what makes your property special
- Clear Policies: Clearly outline your house rules, check-in/out times, and cancellation policies to set guest expectations
5. Set Competitive Pricing
Pricing your rental correctly is essential for maximizing bookings while remaining profitable. For example, you can charge higher during summertime due to increased tourism.
- Market Research: Look at similar properties in Wisconsin Dells to determine competitive rates
- Seasonal Adjustments: Adjust your pricing based on peak seasons and events
- Discounts and Promotions: Offer discounts for longer stays or early bookings to encourage reservations
Renting Your Home to Travelers Can Be A Lucrative Venture
Renting your home to travelers in Wisconsin Dells can be a rewarding experience, both financially and personally. If you need additional help with this, consider hiring PMI Northwoods. We offer more than 30 years of property management experience to our clients.
We will increase your vacation rentals' exposure on more than 40 online booking channels, as well. Schedule a free consultation with our team to learn more.
