1. Location: Choose a location that has high demand for short-term vacation rentals such as near tourist attractions, beaches, and ski resorts.

2. Property type: Purchase a property that is suitable for vacation rentals such as a condo, cabin, or luxury home.

3. Online promotion: Use Airbnb, VRBO, HomeAway, and other online vacation rental platforms to market your rental.

4. Pricing: Price your rental competitively based on location, amenities, and demand.

5. Referral program: Implement a referral program to encourage frequent renters to refer friends and family.

6. Guest services: Provide excellent customer service to ensure that guests return and leave positive reviews.

7. Upgrades and amenities: Offer upgrades and amenities that make the rental stand out from the competition such as hot tubs, bikes, kayaks, and more.

8. Legal compliance: Ensure that your rental is in compliance with local laws and regulations regarding vacation rentals.

9. Property management: Hire a property manager if needed to ensure the smooth operation of your rental.

10. Seasonal rentals: Consider offering seasonal rentals for high demand periods such as summer and holidays.