You got into vacation rentals to make money. However, you don't want to spend all of your time managing properties and marketing.
So what should you do?
Find a vacation rental management company. A property manager can take care of everything for you, from advertising your property to managing it in the slow season.
But finding an excellent manager can be difficult. There are many options out there, but not all of them are equal. If you are wondering how to choose a beach vacation rental management company, this short and simple guide is for you.
1. Know What Services You Need
Many companies offer a variety of different services, such as managing guests, accounting, and cleaning. However, not these services may not be necessary for your beach house rentals.
Determine what services your property needs. Then find a company that offers those specific benefits. This will help you cut down on costs and ensure that your property is being managed by the right company.
2. Consider the Company's Location
If you need a property manager for your vacation rental in the Ozarks, don't hire a company based in California. An Ozark company will have a better understanding of the area and can provide you with more personalized services. It's also important that they're close by so they can visit your property as needed.
3. View Their Company Website
The company's website should be easy to use and provide you with all the information you need. Look for information about their services and how much they charge.
See if they have any testimonials from past clients, and browse their portfolio of MO vacation rentals. Make sure their website is up-to-date and that it doesn't look like they made it in the 90s.
You'll also want to see how they present themselves online. If they're not professional, it's unlikely they will be very professional in person.
4. Meet Your Property Manager in Person
Online research is great, but it's not enough. Meet your property manager in person and get a feel for how they operate.
Talk about your needs, expectations, the budget, and goals. Ask about their business, how many home rentals they have, etc.
Make sure you're comfortable with the answers before you hire them. You're the one who has to live with the decision, so make sure it's someone you can trust.
5. Get It All in Writing
There's nothing more frustrating than thinking you have a deal, only to find out later that it wasn't what you thought it was. It's best to get everything in writing, so there are no misunderstandings or miscommunications.
Ask for a contract that outlines exactly the terms of your agreement. Make sure you understand it before signing on the dotted line.
Beach Vacation Rental: Maximize Your Rental Income
By hiring a property manager for your beach vacation rental, you can ensure that your property is being taken care of. A property manager will also make sure your home is clean, safe, and comfortable for your guests. This will allow you to concentrate on the fun - and not the stressful part - of owning a vacation home.
PMI Lake of the Ozarks is the #1 property management franchise in the country. If you are interested in owning a vacation rental property, contact us today!
