Owners are realizing that, in a soft economy, their vacation homes can be a welcome source of extra income. Here’s what you need to know to become a successful landlord.
Photo: Deborah Whitlaw Llewellyn
With more homes being added to the rental market, it’s important to make yours stand out. “Give people something they have never seen before,” suggests John Shanholt, who owns two villas on St. Barts. (One of his homes has a Champagne bubble maker, which turns the water frothy, in the pool.) Jane leaves tenants a bottle of wine, and she even created a guide to her home, detailing its quirks (odd noises and what they mean) and perks (which flowers in the garden bloom when). It pays off; one tenant has booked the house three summers in a row.