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MGMT Fee $110 per Month - Leasing Fee $495.00

MGMT Fee $110 per Month - Leasing Fee $495.00

The Key to Managing Short-Term and Vacation Rentals

Family Arriving at their Vacation Rental

Being the boss of your own short-term rental properties and vacation rentals can be quite a challenging enterprise. Both should be given great attention if you want them to work out to your benefit. Catonsville investors hold to the view that short-term rentals or vacation properties are automatic sources of passive income. Nonetheless, what most people don’t tell you is that short-term and vacation rentals are often even more hands-on than long-term rental homes. Because of frequent changes in tenants, proper management of your short-term or vacation rentals is essential.

Separating short-term rentals, vacation rentals, and other long-term rentals are fundamental differences regarding management. But rather than being different tasks, managing short-term and vacation rentals simply requires more: more marketing (and more often), more tenant screening, and more cleaning and preparing the rental property for the next tenant.

If short-term rentals or vacation property is what you intend to manage, make it a point that you work towards obtaining excellent organizational skills, and a steady workflow of entertaining several tenant inquiries. If so, you will need to fill a few key roles to keep your rental property alive and well.

Unless you live in the vicinity and can professionally clean your rental property yourself, consider hiring a house cleaning service. Get yourself a good and reliable housekeeper to help you maintain your property and keep it fresh and clean for every guest. This person can help you identify potential problems early and address them before they become expensive repairs.

Regarding repairs, it’s best to get yourself a good handyman, too. This person will have to live in the same neighborhood as your property so that he or she can address any maintenance issues or guest complaints. If your short-term rental or vacation property has a pool or spa, you will need someone to keep it clean and to regulate the chemical levels.

In order to ensure a job well done, go ahead and hire one person or different individuals, if necessary. The key to good maintenance is consistency. Besides, tenants will leave poor reviews if the property condition is not ideal, which can make it harder to rent your property in the future.

Besides caring for the property itself, you need to have a good handle when it comes to communicating with tenants so that you are able to successfully market your property to them. A successful short-term or vacation rental begins with effective advertising. Get the word out by listing your property on a website or app platform that specializes in marketing properties such as yours. A website is also a great way to bring more attention to your rental properties. Setting up a website for a vacation home, in particular, is inexpensive and very effective. Include lots of photos and a fact sheet about your property. This will serve to answer any initial and generic questions possible tenants might have before they decide to rent. You can also allow your guests to view availability, request reservations, and to pay their rent and deposits online. This makes it possible for your tenants to see that you are ready to cater to their needs. Even so, good communication is essential to any successful business. As the property owner, you will need to respond quickly and effectively to inquiries, tenant complaints, and more. If it will be difficult for you to handle matters in person, a good option may be to hire a property management company to handle your tenant relations for you.

The right Catonsville property manager can offer a high level of professionalism and customer service. This kind of reassurance is what every business owner needs in order to maximize daily productivity. Short-term and vacation rental tenants need their space and privacy, but they also want to have a good time. Anything you can do to help them feel satisfied with their stay in your rental house can help keep your properties fully leased month after month, year after year.

If you’re looking for professional property management, we are what you’re looking for. Real Property Management Prime has a team of Catonsville property management experts willing to provide insight and assistance to you. From filling vacancies to handling maintenance, we make things easier for you. Contact us online or call us at 410-415-1736 today.

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