With the rise of Airbnb and other short-term rental platforms, many homeowners are looking to make some extra income from their properties. If you’re considering launching a vacation rental, or already have one but are overwhelmed with all the management tasks, you may want to consider hiring a professional property management company to handle the work for you.
Finding the right vacation rental property management firm will save you time, money, and headaches. There are a number of factors to consider, such as their experience and credentials, marketing strategy, personalized services, availability, and fee structure. Read on for our tips on how to choose the best firm for your needs.
The first thing to look for in a property management company is their level of expertise in the local rental market. They should be able to tell you rental rates, trends during different seasons, and any specific regulations or requirements in your area.
It’s also important to consider how a company will manage guest communications, housekeeping and maintenance, and reservations. This can make or break a guest’s experience and will affect your reputation. You’ll want to be sure that you have a system in place that ensures guests are always happy and well taken care of.
Finally, it’s important to find out what is and isn’t included in the management fees and contract. Ideally, you’ll want to find a full-service property management company that can handle everything from marketing and advertising, interior design and photography, listing and pricing your home, third-party housekeeping and cleaning, guest communications and customer support, and reservation handling. How to Choose a Vacation Rental Property Manager