Vacation Property Management Tips for First-Time Investors
- March 5, 2020
Many people interested in running a vacation home business often ask the burning question: Do vacation rentals make money? The… Read More
If you have tried managing your rental property, you’ll already know it takes A LOT of time. It actually takes such a substantial amount of time that you may have considered using a vacation rental manager. Vacation rental managers will unquestionably save you time, but they can actually do so much more, including save you money and generate you more income. Here are the top 10 reasons to use a vacation rental manager.
After signing up with a vacation rental management company , an initial assessment of your property will be done. This will include a recommended
inventory, amenity, and replenish-able list. Additionally, professional photos and videos can be arranged to ensure your property shows well and is eye catching. These items will help make your property stand out among others in the area.
Most people set up profiles on AirBnB, some will use VRBO, but Vacation Rental Managers will advertise on a large quantity of platforms. These may include but are not limited to; AirBnB, VRBO, Booking.com, Home Away, Canada Stays, FlipKey, Expedia and Trip Advisor. The work involved to set up unique profiles on each platform is immense, and it takes substantially more work to manage them all and sync all of their calendars.
With substantial knowledge of the specific vacation area market, managers use important strategies to adjust rates, thereby ensuring your property is priced accurately depending on demand, season, and competition in the area.
Being a vacation rental manager requires having extensive knowledge of the area and also the season. Managers know events in the area, attractions, things to do, places to eat, activities for families, where to go for R&R and the list goes on. This in depth knowledge is transferred to the guests, allowing your guests to get the most out of their vacation. They will always associate these good times and great service with your property and you’ll be sure it will leave them wanting to come back!
Having your property rented out means that you will undoubtedly need a variety of contractors, some on the regular (like cleaners) and some infrequently (like an HVAC specialist). Vacation rental managers have preexisting relationships with all kinds of vendors. These relationships not only means you can be sure your property is in good hands, but also extends along some discounts with the repeats business in working with the manager.
Social medial is a quickly growing platform to which people are using to find the vacation rental that is right for them. Managers will advertise your property on their page. All bookings that result from social media are less the fees of the various booking platforms such as AirBnB or VRBO, a lovely bonus for owners!
Managers make sure that check in and out is easy. They communicate with the guest and provide detailed instruction (on everything from parking, to the door lock code, timing etc). Ensuring check out occurs on time is of great importance as it prevents a double cleaning charge in the event that your guests haven’t checked out on time and your cleaners arrive.
Managers will use various media to promote and reach out to previous guests. Keeping in touch and advertising promotions makes it easy for your previous guests to rebook your property.
We are available to your guests literally 24/7. Managers want to ensure that the guest has a great time on their vacation. This requires 24/7 availability to the guest. We handle everything from suggesting where to eat dinner, or calling in a Plumber, or explaining how to turn the BBQ on – managers are always there for the guest. This often results in good reviews – and properties with better reviews are bumped up in the search results – this results in more people viewing your property!
Vacation rental managers often have multiple units in one area. This allows group bookings to possible. Your unit no longer becomes limited by the number of people it sleeps!