When you hire a professional property management company it will enhance the value of your investment, save you time, work, and stress. A good property management company is worth its weight in gold – all you have to do is sit back and relax while they manage the entire short-term rental process, driving more high-value bookings and revenue for you! So if you are wondering why you should hire and pay a professional when you could just manage your own rental, here are several lesser-known benefits of hiring a professional property manager to seriously consider:
1. Expert Guest Management and High Quality Renters
An experienced property management company coordinates the entire rental process from initial inquiry to booking, payment, any modifications, and all aspects of arrival and departure. They will screen guests, send out rental agreements, provide concierge service during the stay, and handle post-departure issues such as left items, reviews and the rare complaint. A good property management company will have staff available to answer guest questions on everything from to directions, to how to work the cable, to what can’t-miss restaurants are in your neighborhood.
With highly trained reservation sales agents who are educated on your property, a good property manager can charge higher rates than most individual owners, which attracts a higher quality pool of guests and of course earns you more. Additionally, the careful guest screening and signed rental agreements ensure that guests are clear on what the expectations are during their stay. A professional manager can optimize occupancy and revenue while making sure only respectful, conscientious guests stay in your home.
2. Professional Cleaning and Maintenance
Your time is valuable, and hiring a property management company allows you to be hands-off and hassle-free. One of the most valuable benefits of hiring a professional property manager is the regular, high-quality cleaning and maintenance service for your home. Between each booking, your property will be thoroughly cleaned and inspected. Good professional managers also do off-season inventories and assessments. They have trusted Housekeepers and Inspectors to ensure flawless results.
In addition to regular cleaning, a property management company maintains your asset and protects your investment with a network of licensed, reliable vendors for routine maintenance and emergencies. No more emergency calls at 3 a.m. or scrambling to find a qualified licensed contractor in the middle of the workday! Regular cleaning, upkeep and repairs enhances your property value and keeps it in pristine condition for your own future use, or for sale when you are ready.
3. Marketing and Rate Management
One of the biggest benefits of hiring a professional property manager is the access to expensive and results-driven marketing tools to increase your home’s visibility and keep bookings flowing in. A professional manager will utilize multiple high-converting channels like VRBO, HomeAway, AirBnB, Expedia, Booking.com and more. Due to a quick response time and high volume of positive reviews, your home will get better search placement in front of travelers. Additionally, good managers have enormous past guest contact lists, and send frequent email campaigns to encourage loyal repeat customers.
Most professional managers also take advantage of industry data and software programs that use yield management to guarantee the highest rate for your home each night. A manager will use their knowledge of the local market to vary rates by season, weekday/ weekend, and provide reasonable last-minute reductions to get your home booked. The combination of high-tech yield management algorithms and high-touch local expertise means your property will get the best rate each night without sacrificing occupancy.
These are just a few of the many benefits of hiring a professional property manager for your vacation rental investment. Leave the stress of collecting payments, responding to complaints, handling emergencies and keeping up with the ever-changing rental regulations to the experts. Savor your extra free time and relax while knowing your property is in good hands.
We eliminate all the hassles of self-managed rentals while providing our owners a better financial result. Our office is open seven days a week with a 24/7 emergency line and concierge-level Guest Services team to make sure every guest need is taken care of. We will be there so you do not have to be!
To learn more about how we can help, please contact us at (206) 632-4210 or email our Owner Care Manager, Louisa Cranston at firstname.lastname@example.org.