Owning a vacation rental property can be a valuable investment and source of extra income. However, keeping up with responsibilities like maintaining the property and satisfying the needs of your guests is no small task. It requires organization, excellent people skills, and time.
If you are overwhelmed by the length of your to-do list or feel you would benefit from the skills of someone with more experience, you will find that hiring a property management company is worthwhile. Here are three signs you should consider property management services:
1. You don’t have a lot of time. Managing your vacation rental properties may not be your only job. Having to screen guests, get appliances repaired quickly, prevent potential legal issues, and fulfill a variety of daily tasks can be very time-consuming even if you are an extremely efficient person. Carrying out all these responsibilities on top of your regular career will result in a poor work-life balance. By delegating some of these tasks to a property manager, you’ll have more time for yourself.
2. You don’t like confrontation. Vacation rental property owners need to be able to have tough conversations with their guests. They have to address guests’ complaints as well as confront them about late rent and lease violations. Property managers have the communication skills and experience to handle these difficult situations delicately.
3. You’re experiencing vacancies. If your vacation rental properties are vacant for long periods of time, you’re losing money. The issue may be that you need to advertise your property better. But what if you don’t know much about advertising? When you use property management services, the company’s marketing experts can ensure that your vacation rental stays occupied.
If you’re considering property management services, give us a call at Property Valet.