If you own a second home that you use only for vacations, why not make it work for you the rest of the year? If you use a vacation listing site like HomeAway, you can turn your second home into a premium vacation rental property and earn a second income. According to HomeAway’s statistics, the average vacation rental earns $28,000 a year, which is a sizeable enough incentive to cover your maintenance costs and more. Even more good news for HomeAway devotees: they just announced a pilot program with Expedia so that vacation rental owners can list their own properties on Expedia and gain even more exposure.
Listing your property on HomeAway is just the first step, and while there’s a cost, it doesn’t have to blow your budget. Download HomeAway’s free guide to turning your property into a vacation rental. Check bluepromocode first for deals on listings. There are a few ways to list your property.
List your property with an annual subscription. If you want to make your home available for year-round rentals, then this is the most cost-effective option. Subscriptions start at $349, and depending on your needs, can go higher.
You can pay per booking, which is free to set up. This means that you pay no upfront costs, although you will have to pay 10% of each booking. This option works best if you plan to rent your property for less than six weeks a year.
If you would rather save time, opt to have a professional help you manage listings, bookings, and inquiries. This service is provided at no cost, and the professionals you hire will charge you up to 20% of the booking fees to manage marketing, booking, and onsite management.
If you want your property to have more exposure, you can opt to pay an additional fee for bundles. Bundles will allow you to list your property on other vacation sites that HomeAway owns such as VRBO and VacationRentals.com.
If you would like to make additional cash, you can join HomeAway’s affiliate program, which will net you up to 24% in commissions every time a homeowner purchases an annual subscription. When you make your purchase via a cashback rebate program like BeFrugal or MyDealsAndCoupons, you can earn up to 24% cash back, which can help you save quite a bit on the annual subscription.
