Monday, April 28, 2008

'Air-ing' Concerns on Summer Rentals

This week, we answer a listener email:

Mike, I enjoy listening to The Closing Table as we have WOMR on the radio at work all day. I was asking co-workers a question about my summer rental and they suggested I email you. So here it is: I rent out my small west end studio to weekly renters to help with the mortgage. Should I provide an air conditioner? Signed, West End Studio Gal. 

Thanks for listening and for your question. This is a common dilemma that many landlords ask themselves when renting their property out on a weekly basis. When offering your condominium or home for rent, especially to a vacationer, keep in mind that you should have most of the amenities a hotel, guesthouse or rental property has.

On Cape Cod, it is rare that we need air conditioning, however it can get pretty stuffy in late July and August. Air conditioning can make the difference if a renter comes back. 

You may want to provide a small window air conditioning unit that can be installed if the heat and humidity get unbearable. Your strategy may be to keep your air conditioner locked in a closet. In the event of a heat wave, have a cleaner or manager install it for you if you are not in town. A renter will appreciate the effort and could potentially re-book for next year. Retention and repeat business after all, should be your goal. 

Keeping the air conditioner in the closet also protects you. Renters are prone to running air conditioners when the weather is cool, when they are out or with the windows and doors open. This of course will leave you feeling chilled with a high electric bill.

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