Monday, December 29, 2008

Vacation Rental Owners Avoid Off Season Blues

The cancellation's rolled in through the month of December on the Northern Oregon Coast as guests were impeded by the winter weather. While snow fuels the skiing industry, snow and rain impede life here on the Coast as seen here in a picture from the "Daily Astorian". When snow first fell on around the 13th of December guests called in to say they wanted to come but just couldn't get out of the driveway. Inevitably the temperatures began to rise which has lead to wide spread flooding. Now we can't get to Seaside. Thankfully we do have renters coming tomorrow for three days.
How do deal with the low times in respect to cash flow in this wonderful industry of ours? Well the answer is obvious, when cash flow is at it's greatest stock it away like a chipmunk with his acorns and then hit your supply in the dead of winter, (or the dead of Summer depending on where you are). Go through your winterizing (or summerizing) check list at the end of your season. What is on it will depend on where you are. Ours looks like this:
  • Turn off water at outside location
  • Drain all faucets
  • Defrost refrigerator and clear of all items in case of power outage
  • open cupboards and set heat to a low setting (approximately 60 degrees)
  • Turn off hot water heater (make sure it is drained)
  • Turn off, clean, drain, and securely cover hot tub

Some of these winterizing features depend on your occupancy rate. Because we are always and did have guests scheduled we didn't turn off the water and drain the hot tub, but we did do this for several of the rentals we clean. So good luck, I hope you too have avoided the winter blues.

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