20 Mar 2023
Why Should You Hire a Vacation Rental Manager?
Hiring the right property management company will make the rental experience with your investment a breeze. Managing a vacation rental property entails an immense amount of dedicated time and work. From finding the right tenants/guests to accounting and everything in between. Learn what a vacation rental management company can do for you and how to choose the right fit.
What Can Vacation Rental Companies Do for You?
Hiring a property management company can easily become one of your greatest reliefs, taking so many daily tasks and worries off of your plate. Some of these include:
- Tenant/guests screening
- Property maintenance
- Property inspections
- Handling leases/contracts
- Handling of security deposits
- Collecting rent
- Marketing & advertising your vacation rentals
- Setting marketable rates to remain competitive
It's important to remember that your property management company will be making decisions on your behalf, therefore making it extremely important that you do your homework during the hiring process. When searching for the right property management company, consider asking these questions:
How close is the company to your property?
It’s important to have an expert that knows the area that can reach your property in a matter of minutes. Local companies will have the best knowledge of each community and can further assist your guests when needed.
How much experience does the property management company have?
Check to see how long the vacation rental management company served the area. It's important to take a moment to look into the history of the company, as there can oftentimes be a reason some property management companies have been successful for longer than others.
What is the maintenance policy with a property management company?
Having an in-house, 24/7 maintenance crew is one of the most important aspects of a management company. In-house maintenance offers low costs for repairs, providing you with someone that knows your property and who can assist you in any upgrades or projects needed.
Does the company have references and reviews?
Looking into the company's history while also reading references/reviews from homeowners can help you decide if they are the best fit for you. Some companies will have a homeowner testimonial or video on their site so you can get a better insight into the services provided.
What type of properties do they currently manage and how successful are those properties?
Browse their website and check out what kind of properties they are currently managing. Do their current property types match your vacation rental (i.e. condo, oceanfront home, apartment, etc.)? Do these properties have bookings? This information can provide credibility to the vacation rental company you are reviewing/might be interested in working with.
Do they market their properties?
Take some time to venture into their websites/ads. Search an individual property in your search engine to see what appears. Is there an online ad running to market the property? Does it organically appear in your search results? These can be good indicators that the company is marketing vacation rentals in order to increase bookings.
What vacation home management fees will they charge to your account?
Sometimes the stated management fee isn’t always reflected in your net income. Review any fees associated with the vacation rental management company to understand what services are being provided. Do these services align with what you are looking for? If you aren't able to find this information, you can contact the company directly to discuss these details.
Looking for a Myrtle Beach Vacation Rental Management Company?
If your vacation rental is located in the Myrtle Beach area, Booe Realty offers unparalleled service and attention to all of its vacation and annual homeowners. We go that extra mile and pride ourselves on not charging our homeowners for services that other agencies may charge. There is no place for excessive charges on our owner’s statements. Many routine services are included in the low management fee associated with your property. We have an in-house maintenance department that can handle many issues that arise. We also have an in-house, award–winning cleaning department that is second to none and will take care of your property as if it is our own. We go the extra mile to carry the cost of advertising and promoting your property on various websites and OTA’s (Online Travel Agents). A rental management company should be focused on generating revenue for your investment through various trusted sources, and Booe Realty does just that.
What Does Booe Realty Provide to Vacation Rental Owners?
- Strong ties within the worldwide rental industry to gain insight and experience.
- Competitive management fee without hidden charges
- In-house accounting
- Direct deposit of rental income at no charge to you
- In-house marketing with years of experience in Myrtle Beach
- We will maintain your property as if were our own
Booe Realty has been providing service to the Myrtle Beach and Grand Strand area since 1971. We know the area and we want to know you. Check out more information about Myrtle Beach Property Management and contact us today!