The vacation cottage and condo rental market is booming, and whether you own an investment property or are thinking of purchasing one, here’s how to set your rental property up for success and keep your place ready for renters.

Inspect, repair and restock

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Just like your primary home, your rental vacation property needs regular TLC to keep it looking and working its best. After the winter’s harsh winds, ice and snow, it’s important to get the main areas inspected, especially your roof – you’ll want to bring in a pro to check it.

Each spring and fall, schedule an annual inspection and tune-up for your property’s heating and cooling systems with a certified, experienced technician. This will extend the lifespan of your HVAC system and reduce chances of a breakdown.

Walk around your property to check for any downed trees or damaged power lines – you might have to call your local utility provider. Look at doorways, windows, floors and ceilings to see if there are any signs of moisture that could indicate a leaky roof or caulking seal that needs replacing. Your water lines also might have sustained some wear-and-tear, so make sure they’re in good order.

Now’s a good time to test your smoke and carbon monoxide detectors to see if the batteries need to be replaced. Renters will appreciate a fully stocked first-aid kit, and a fire extinguisher that’s been inspected and is ready to use.

Scheduling property maintenance tasks not only keeps your rental property in great condition so that it appeals to responsible renters but also helps you avoid expensive repair bills in the future.

Put in durable finishes, appliances and furnishings

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Spruce up your space by installing hard-wearing flooring like luxury vinyl tiles or hardwood, which look fabulous and are easy to clean. Invest in attractive appliances that will last and appeal to renters and furnish your space comfortably so your guests will feel pampered and relaxed.

Be sure to stock enough kitchen supplies, linens and basic toiletries for the length of their stay.

Have a well-kept yard

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Whether you want to do it yourself or hire a professional landscaper, your rental property will look its best when the lawn is mowed, flower beds are weeded and branches, shrubs and trees are neatly trimmed. A beautiful backyard is a huge draw for renters who want to enjoy the outdoor space during the day and in the evening.

Help your property stand out

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In the battle for bookings, properties that have extra features to attract renters will fare better. Things like fire pits, hot tubs, saunas and playground elements for kids will help sell your vacation rental.

When marketing your rental property, write an enticing home description highlighting things like its waterfront location, beach frontage and proximity to area cafés and restaurants. Get professional photos done that showcase the entire property, including all the rooms plus the outdoor areas.

Take good care of your rental property and it will continue to generate a positive cash flow for you.

Need design inspiration for your outdoor spaces? Check out our Lifestyle Collections for inspiring pools, gardens, patios, and more.