Are you thinking about renting out your tiny home? That’s a great way to make some money out of your home especially when your out and traveling yourself. Many people are already doing it and so should you.
But do you know where to start?
Don’t worry, we’re here to help you. In this post, you’ll discover everything you need to know about renting out your tiny home.
Choosing The Best Location
The location of your tiny home will have a great impact on your chances of getting your home rented out. Think about your target customers. Are you geared towards nature lovers who’d want a scenic mountain view? Maybe they’d want to be close to the beach or an upcoming festival in town?
Ask yourself if your target customers would want to rent somewhere secluded so they can have privacy while enjoying nature or would they want somewhere more accessible to the vibrant city life.
Either way, you’d have to take a look at what your locality has to offer to tourists. Make sure your near scenic spots or well-known tourist attractions. Just make sure it’s legal to put your tiny house in those locations so you don’t get in trouble with the authorities.
Find Your Customers
To successfully rent out your tiny home, you have to reach out to your customers. With the technology we have today, it is quite easier to extend your reach. Here are a few ways to reach your customers.
Use your connections for referrals. You can personally talk to your family, friends, and colleagues about having your tiny home rented out. They may know someone or they may rent it out themselves.
Engage In Your Community
Another way you can get customers is to connect with your local community. You can partner with local shops and advertise each other. You can ask for shop coupons for your customers to use in their shop and you can leave flyers or a poster about your tiny home in their shop.
Various online platforms can help you get customers. You can make use of social media and create a page specifically for your tiny home.
Also, various websites allow you to list your property, such as Airbnb. It’s easy to create a listing, just create your online profile and customers can now find you through the websites.
Make A Profit
One of your goals when it comes to renting out your tiny home is to make a profit. There are a few things you can do to help you achieve that. You have to make sure you’re better than your competition. You can do that by following these tips:
Check Your Amenities
The amenities your property has to offer can help increase the price that you can charge. With different amenities like wi-fi connectivity, outdoor area or a kitchen, you’ll also be able to attract more customers.
Apart from the usual amenities, it’s also a good idea to think of something unique that you have to offer. This helps customers choose you rather than your competition. This would include any luxurious features and even scenic views your tiny home has to offer.
Let Your Guest Feel Welcomed
Ratings are important. Most third party websites allow the guests to give ratings so that other people can choose based on their experience. One way to make sure you receive high ratings is to make guests feel welcomed.
When guests have an unforgettable good experience, they are likely to give a good rating. You can try adding a welcome basket, give out useful tips or advice, or just be available for questions and other concerns.
Other Important Things You Should Know Before Renting Out Your Tiny Home
Prepare Yourself For The Initial Cost
When renting out your tiny home, you need to make sure you purchase enough things for your guests to use. Sure you can use your items but that won’t be enough. Plus you’d want to separate your things from those you let your guests use. Here are a few of the things you need to buy:
- Extra blankets
- First aid kit
- Cooking essentials
- Pots and pans
- Paper towels
- Toilet paper
- Things for your compost toilet
You’ll Need More Storage
You also need a storage space to store all your personal belongings. Plus, you need to provide storage space for your renters too. There also needs to be a storage space for your extra sheets, towels, etc. You can check our post on creative storage spaces for tiny homes here.
Renters May Misuse Your Items
Sometimes, renters may misuse your items especially if it’s their first time using it. Your collapsible furniture and composting toilet seem new for most people. It may end up breaking due to misuse.