There's a reason more than 50% of investors hire short-term property management.
Managing your own property comes with a lot of responsibility and it can be time-consuming and stressful to do on your own. You have the potential to make a lot of money, but without the support of a property manager, it can be hard.
Short-term accommodation can greatly enhance your rental business. This article will explore the benefits of hiring a property manager. By the end, you'll feel confident working with a pro.
1. Local Knowledge
Having knowledge about the local market will prove to be invaluable. If you aren't aware of what your competition is doing, you won't be able to price your rental correctly.
A local short-term rental manager will have information that will allow them to maximize your profits. They won't price your unit too high, which scares people away, and it won't be too low.
An expert manager will also make your vacation rental appealing to your target audience.
Do you know what your renters want to do on their vacation? Do you know what to include in your rental?
A property manager will and they'll use this information to make your guest's experience great.
2. Efficient Marketing
Marketing is another aspect of property management that owners find challenging. A property will take over this task and ensure your unit is occupied as much as possible.
They will have extensive marketing strategies that include multiple advertising platforms. A management team will also handle taking photos, filming videos, and writing online descriptions for your property.
They'll also take care of the booking process. You won't have to explain the check-in and check-out process to your guests. Your team will handle coordinating so the experience is smooth for you and your renters.
3. Property and Tenant Services
Maintaining a short-term property is very demanding. Your property will need to be cleaned and restocked every time a guest leaves.
Whether you live locally or not, it is a lot of work. A short-term property management team will take care of all the tasks related to maintaining the property.
If a pipe burst or a light bulb burns out, they'll have it repaired or replaced right away. You won't have to worry about taking care of emergencies that arise.
This will ensure your guests are satisfied. These services will also reduce your risk of conflict and issues with the renters.
The property manager will communicate with your tenants and take care of their needs. Some services offer 24/7 property assistance, which will help increase the value of your property.
A well-maintained vacation rental will attract more people, and if your guests have a great experience, they are more likely to book again.
Making Your Property Shine with Short-Term Property Management
There are various ways short-term property management can help you grow and manage your rental business. Hiring a team will increase your bookings and your profits.
Don't wait to reduce your stress. It's time to partner with the number one property management franchise in the nation. Give our team at PMI Premium Services a call and we'll answer all your questions about short-term property management.