Do you own vacation property and need to find a solution to booking more weeks in your property? Have you decided to rent your vacation property year round? Are you looking for a vacation property management company that understands the intricacies of successfully renting and managing vacation rentals in your location?
Vacation Property Management is a niche business. Usually Vacation Property Management companies will be located in popular tourist destination. They specialize in managing vacation rentals which could be as small as a single family house to as large as a beach resort. Vacation rentals are typically fully furnished and equipped for full functionality. These properties are occupied for short term stays but could rent for longer periods of 3-6 months.
Vacation rentals are very different than your typical residential long-term annual rentals. Vacation rental management's an extremely fast pace labor-intensive environment. As a result it takes a special type of management company to oversee the challenges involved with this type of property. Rentals terms are typical for nightly, weekly, monthly and possibly longer stays. Properties are typically furnished and equipped with everything a vacationer would need while away from home. Due to the continual turnover of patrons using the property; maintenance issues; cleaning service as well as daily accounting, it is typical to incur higher costs/commission fee for such services. On the flip side, income generated typically is much greater than residential long-term rentals. Finding a qualified vacation property management company can be a laborious task.
Things to look for is a company with experience handling these types of properties. You want one with a well equipped staff including office personnel, maintenance staff as well as a cleaning crew. How do they market your property? Do they have their own website? Do they market on other websites to attract business. How do they handle income and expense reporting? Are they available by phone 7 days/week or only during business hours? What fees do they charge for their services?
Once you have many of these questions answered your decision of which company to choose will become easier and less stressful.
Vacation Property Management is a niche business. Usually Vacation Property Management companies will be located in popular tourist destination. They specialize in managing vacation rentals which could be as small as a single family house to as large as a beach resort. Vacation rentals are typically fully furnished and equipped for full functionality. These properties are occupied for short term stays but could rent for longer periods of 3-6 months.
Vacation rentals are very different than your typical residential long-term annual rentals. Vacation rental management's an extremely fast pace labor-intensive environment. As a result it takes a special type of management company to oversee the challenges involved with this type of property. Rentals terms are typical for nightly, weekly, monthly and possibly longer stays. Properties are typically furnished and equipped with everything a vacationer would need while away from home. Due to the continual turnover of patrons using the property; maintenance issues; cleaning service as well as daily accounting, it is typical to incur higher costs/commission fee for such services. On the flip side, income generated typically is much greater than residential long-term rentals. Finding a qualified vacation property management company can be a laborious task.
Things to look for is a company with experience handling these types of properties. You want one with a well equipped staff including office personnel, maintenance staff as well as a cleaning crew. How do they market your property? Do they have their own website? Do they market on other websites to attract business. How do they handle income and expense reporting? Are they available by phone 7 days/week or only during business hours? What fees do they charge for their services?
Once you have many of these questions answered your decision of which company to choose will become easier and less stressful.
Find Property Management Companies That Specialize in Vacation Rentals
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