Austin is growing in popularity as a tourist destination. It is especially evident during spring festivals, summer vacations and around events like SXSW and the Austin City Limits Music Festival. In addition to benefiting the city, tourism can also present opportunities for short-term rentals.
If you own an Austin condo, now is the ideal time to prepare it for peak-season rentals. But what can you do to maximize your success and ensure a better guest experience? This post will cover a few tips.
Downtown Austin Real Estate Market Watch
Recent reports indicate that the average Downtown Austin home is selling for 95.1% of the list price. However, Austin real estate trends can change rapidly. Get in touch with the Capital Downtown Realtors® team for help buying and selling homes in Austin.
First impressions are essential. A clean, tidy space looks better in photos and helps guests feel at home. Remove personal items and extra furniture. Thoroughly clean floors, baseboards, windows, and appliances to make them shine.
You can enhance your space without a complete renovation. Simple updates, such as fresh paint, new linens, and local art, can make a significant difference. Aim for a modern, cozy vibe that reflects Austin’s style.
Renters expect certain comforts, including fast Wi-Fi, a fully stocked kitchen, clean towels, and high-quality bedding. Consider offering extras like a coffee station, a smart TV with streaming apps, and basic toiletries. These small touches make a big difference in guest satisfaction and reviews.
Your location is part of the appeal. Create a welcome binder or digital guide that includes nearby coffee shops, food trucks, music venues, parks, and must-see spots. If you live in a walkable Austin neighborhood, highlight the convenience of nearby places.
A smooth check-in process sets the tone for the entire stay. Use a keyless entry system or lockbox for convenience. Communicate instructions before arrival and make yourself available (or have someone local on hand) in case of questions or emergencies.
Good photos are your best marketing tool. Use natural light, tidy up before the shoot, and show off every room. Highlight any views, balconies, or unique features that make your condo stand out. Professional photos can often pay for themselves in increased bookings.
Regularly inspect appliances, plumbing, and air conditioning systems, especially during Austin’s hot months. A minor issue for you could be a deal-breaker for a guest. Stay ahead of maintenance to avoid bad reviews and cancellations.
Do some research on comparable rentals in your area. Set a competitive rate that reflects your condo’s location, size, and features. Consider using dynamic pricing tools that adjust rates in response to demand.
Are you considering buying or selling a condo in the Austin area? We’d love to help! Contact us today, and we’ll reach out promptly. For more tips and insights, visit the Capital Downtown Realtors® blog.