How to Negotiate a Summer Home Rental

Summer home rental -- how do you negotiate a deal?

Are you considering bypassing the hotel or resort experience for your summer vacation and opting for a summer home rental instead?

Home rental networks are on the rise and have never been easier to use, thanks to the increased web presence and sites like Vacation Home Rentals, Airbnb, VRBO, and Vacation Rentals.

However, just because travel agents and middlemen are being squeezed out does not mean that you are getting the best deal possible.

You can negotiate with a vacation rental owner to receive an even better deal by following these steps.

Outline Your Goals

Know what you are negotiating for, and what you are willing to give up in return, if anything.

Are you willing to stay longer or at different times for an improved nightly rate? Are certain amenities important to you? Can you handle a larger up-front deposit for a rate discount?

Have all of your negotiating points and strategy planned out in advance, and you will know when you should walk away from a deal.

Do Your Homework

Research your rental options in the area, and make a list of your preferred choices.

Get the best understanding you can of the booking market during your preferred time — is it peak season, are there festivals or events drawing unusual crowds, or are there other hurdles to occupancy?

Keep your vacation times flexible if possible. If you can offer a stay that is complementary to the rental’s typical business, you have tremendous leverage. Do not be afraid to use that leverage, but do not lead with it.

Give the rental owner the impression that you are doing them a favor by altering your plans.

Be Courteous

Nobody likes doing business with an obnoxious negotiator. Say that the offering does not exactly fit your time and budget needs, and you were wondering if a certain counteroffer could be met.

Keep your counteroffers reasonable, and do not mention that you have other options.

Rental owners already know that, and they do not like to be reminded of it.

Book Early or Book Late

As strange as it may sound, you can have leverage on both ends of the timeline. Booking early can give you the best combination of price and selection.

However, if you are willing to gamble on availability, last-minute deals can be found for most destinations. They may not be in the exact location you want or have all the amenities you want, but the savings are significant.

Check the rental sites for last-minute offers — Vacation Home Rentals is one example but there are others available.

However, if you go this route, be prepared to find a hotel if you have to, and realize when it is too late to do anything based on an area you are visiting (part of your “homework” above).

Sell Yourself as an “Easy” Customer

Rental owners love “easy” customers who simply enjoy their time, are respectful of their rental property, throw no parties, and cause no problems.

If you fit into that category, find subtle ways to let them know that you are low maintenance.

On the other hand, if your family really does not fit that mold, don’t misrepresent yourself.

Rowdy kids or uncontrolled pets will earn you a reputation you do not want for future rentals. Find a rental that is a bit more tolerant, and be prepared to pay extra.

Follow Through

Congratulations! You have successfully negotiated a great deal for your vacation rental. Now it is up to you to follow through.

Be a good and respectful guest, follow all the house rules, and leave everything in the same condition you found it in, if not better.

If you had an excellent experience, do not forget to refer others to the rental — and let your host know that you will be referring them to others. You may receive a similarly good deal, or even a better one, the next time you stay there.

This article was provided by our partners at moneytips.com. Photo ©iStock.com/andresr

If you enjoy reading our blog posts and would like to try your hand at blogging, click here to get started.

Read More

Join our newsletter

If you like Critical Financial, subscribe and get our latest content via email.

Powered by ConvertKit

Share this post:

Recent Posts

Leave a Comment

*

May the 4th Be with You: Star Wars Swag on Amazon

May the 4th Be With You: Star Wars Day Swag

It began as the punniest holiday ever but quickly grew into an earnest (if somewhat random) celebration of the long-running (and still... more →
People count the money to buy a house in future success.

Avoiding Mortgage Scams: Don’t Fall for Unreasonable Promises

If it sounds too good to be true, it probably is. That’s sound advice for almost all aspects of life, including the search for... more →
Eat for free for a whole month via the meal kit companies discounts for new customers.

How To Get a Month of Free Food: 9 Meal Kit Companies Offering Discounts to New Customers

Play your cards right and you might be able to line up a month’s worth of free meals if you were to try out all nine of the meal... more →
Generate extra cashflow -- here are 97 ways.

96 Awesome Ways to Generate Extra Cashflow

Who doesn’t want more money nowadays? We’ve got you covered on that front. Here comes a long list of different ideas on... more →
Valentine's Day gifts that won't destroy your budget

Valentine’s Day Crafts Are Romantic Rescue from Crazy Inflation

Fall for the hype this week and you’re out an average of $143.56 for Valentine’s Day. Crafts and other do-it-yourself tactics... more →

Ultimate Guide to Bitcoin — FREE Ebook!

Have we got something for you: a free ebook about bitcoin! more →
Get a flu vaccine.

Why You Need To Get a Flu Vaccine Right Now

Flu vaccines aren’t just for the elderly  anymore. Here are 25 reasons you should go get vaccinated. more →
Financially successful

Acquire the Trait All Financially Successful People Have

Financially successful people tend to all have a lot of self-discipline. Improving your discipline in one area of your life often spills... more →

What’s the Best Free Recipe App?

The Apple Store and Google Play together offer more digital cookbooks than you probably have room for on your mobile device. So which... more →
New tax law might slow down housing market.

What Will the New Tax Law Do to the Housing Market?

The new tax law will have a profound impact on the housing market, although in ways that go beyond the deductibility of mortgage interest... more →

4 in 5 Households Will Get a Tax Cut in 2018

Four out of five U.S. households will get a tax cut as a result of the legislation that President Donald Trump signed into law today. more →
Will bitcoin reach $100,000?

When Will Bitcoin Reach $100,000?

Bitcoin has accelerated its pace of appreciation in recent months, and if the current levels between $15,000 and $19,000 make you itch... more →
The Dow Jones topped 24,000 -- now what?

The Dow Jones Crossed the 24,000 Threshold. Now What?

Stocks appear to be increasing in volatility, yet the markets closed on Monday, December 4 with the Dow Jones Industrial Average is... more →
Peer mortgage

Should You Get a Peer-to-Peer Mortgage?

If you can’t get approved for a home loan from a bank, you might want to look into applying for a peer-to-peer mortgage. more →
Investment gifting is awesome.

4 Things To Know Before You Donate an Investment

While donations of any kind are appreciated, gifting investments benefits both the giver and the receiver. Here are four key things... more →
Are you wondering: What's the Relationship Between the Stock Market and Federal Debt?

What’s the Relationship Between the Stock Market and Federal Debt?

Wouldn’t it be wonderful if gains in the stock market could actually reduce U.S. government indebtedness? If that were true,... more →
structure settlement,payment

Structured Settlements – What You Need to Know

A structured settlement is a financial or insurance provision where in the claimant, in case of a personal injury, will receive payments... more →