Many vacation rental property owners are today looking for more flexible options when it comes to managing their investments. Platforms like Airbnb are not only experiencing an incredible growth rate in the short-term rental business but have also introduced the highly attractive programs like Airbnb property management. In this property management program, you get to list your property and choose an established host to manage the property on your behalf. To select the best property manager for your vacation rental, you will want to consider these few tips.
Find out how many properties they have in their portfolio. While short term property management by independent hosts has become quite popular, you must find out how many properties they have handled, which location they offer services and what type of properties they manage. Make sure that your host manager has vast experience in the hospitality and accommodation industries. Analyze their portfolio to understand their experience in managing your type of rental property in your area. The more properties they have managed, the more likely they are to offer reliable services.
Choose a rental property manager with a list of partnerships in the rental property market. Property managers that maintain a strong network of partnerships are able to promote and manage your property more actively. A good manager will have a strong network of local booking agents to property listing companies and global booking platforms. These partnerships play a role in helping you find the best tenants for your vacation rental. Their role is to ensure that your property occupancy level is always high. If your property manager has no connections, you will have problems trying to meet your occupancy needs.
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Discuss the type of packages they offer with their services. Do you want a full management solution for your rental property or specific tasks? Most rental property managers will offer marketing services, management services and extras like cleaning services. Choose a manager who provides complete service solutions for your convenience. You will want property management needs to be accommodated with a choice of packages or services that meet your specific needs. Their service packages should also include key services like cleaning, 24/7 concierge, wireless internet, branded welcome packs and other extras for guests.
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You should also know the potential success rate of your property. If a property manager has experience with other vacation rentals in the area, they understand bookings and proper property pricing better. They know how different property listings in the market vary and what prices are attractive. Ask the property managers to give you a few references too. You can always learn a lot from other property owners who have used the services of host property managers. Their opinions together with the points discussed above will guide you in choosing a reliable property manager.
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