Five Star Vacation Rentals | Choosing a Property Manager
Top 4 Tips for Choosing a Property Manager for Your Vacation Rental by Five Star Vacation Rentals
Five Star Vacation Rentals has become one of the fastest growing vacation rental companies in the country because of their world-class accommodations with luxurious amenities and facilities, as well as their exceptional customer service. A lot of property owners have chosen to partner with Five Star Vacation Rentals because they “…quickly learned the value of the vacation experience offered by Five Star.”
If you’re considering opening up your idle property as a vacation rental, a property manager will take the burden of managing and maintaining your property and finding renters off your shoulders. Here are a few tips and considerations that Five Star Vacation Rentals would like to share with you regarding choosing the ideal property manager:
1. Choosing between a local vs a national property management company
When it comes to a property management firm, you have two options: local and national. Each one has its pros and cons, so it’s best to weigh these carefully before making a decision. One of the key differentiators between a local and national property manager is knowledge of the area and market. With a local property manager, they generally have a deeper knowledge of the area and the market as they are part of the community. They are also easier to reach, which is an important consideration in terms of immediate response to unforeseen events.
With a national property manager, their marketing resources is a key factor that could make your property more profitable. It’s best to discuss your goals and requirements with each one to determine whose services are a better fit for you.
2. Scope of services
Five Star Vacation Rentals, with Kevin and Maria Cobb in Newport Beach shares that some property managers offer very specific services only such as strictly marketing or marketing and maintenance by a third party provider, with whom they will communicate on your behalf.
The best option, however, is a full-service property manager. In a nutshell, a full-service property management company will take care of all the details for you, from maintaining the property to marketing, bookings, check-in and check-out, screening renters or tenants, and dealing with customer complaints. Generating feedback or reviews, responding to the same, and developing and optimizing revenue strategies will likewise be handled.
3. Guest vetting procedures
Based on experience, shares Five Star Vacation Rentals, one of the key factors in maintaining your vacation rental is the type of guests that will stay in your home. It’s important that your choice of property manager has guest vetting procedures that meet your requirements. From age limit to activities that they can do while staying in your home, verifying information provided by the guest, and strict compliance with house rules, all of these are important considerations to ensure that your property will be well taken care of.
4. The guest experience
How is each guest welcomed into your home? Hotels usually have a special welcome kit/basket on top of special requests made by the guests before their arrival. Will the property manager be available for other special requests, questions, or assistance at a moment’s notice? Make sure that your property manager can create a truly amazing experience for your guests.
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