Renting out one’s vacation home is an excellent way to promote tourism while earning some income on the side. Vacation homes in popular tourist sites are usually in demand throughout the year, as people often enjoy brief stays and sleepovers on long weekends or holidays. But while renting out a holiday home, one should take certain measures for safety and to maximize profits. Here are some common mistakes to avoid while renting out a vacation home: Not considering overhead costs Often, landlords overlook additional costs they should be charging visitors and tenants of vacation homes, such as maintenance costs, utility costs, property management fees, and any other unplanned expenses. Maintaining and managing property at vacation sites is not easy, so one needs to ensure that tenants pay all the required dues. Overlooking local rules and regulations Every locality or town has its own set of rules and regulations. For example, there may be different laws regarding move-in and move-out inspection, new tenant processing fees, and security deposits, among others. So, landlords should know and comply with these laws when they let out their property for use. Not estimating the correct price Sometimes, landlords may underestimate the amount that their property deserves.