There are around 1.4 million short-term rental properties in the US at the moment.
If you're a short-term property owner, you know how much work it can be. Between advertising the property to offering the right amount of hospitality to your renters, your short-term rental can dominate your life. This isn't necessarily sustainable for owners who use their property for side income.
In today's post, we'll look at the benefits of short-term property management by telling you 5 tasks that they take off of your hands. Why own a vacation rental if it's taking up all of your free time? Keep reading and see why more and more property owners are hiring managers.
1. Property Marketing
One of the most important tasks for a short-term rental property owner is to advertise the property to potential renters. With so many rentals available, you need to make yours stick out, which isn't always easy to do if you don't have marketing experience.
A property manager has that experience in spades. Seasonal rental marketing is one of the main tasks that property managers take off of your plate. Using the latest digital marketing tactics, they can increase your booking rate.
2. Guest Screening
Property marketing is the first of a two-step process of booking your vacation rental. The next is screening the people who want to rent it out.
Your Airbnb rental goes through a lot of wear and tear. You want to mitigate that as much as possible with desirable tenants who take accountability. A property manager will automatically screen renters so that you don't have to worry about any property damage.
3. Taking Care of Guest Needs
One of the primary responsibilities of any rental property owner is to improve the guest experience as much as possible. Property management services deal with all questions and concerns guests may have. They also take care of any housekeeping, concierge, and check-in/check-out services.
4. Accounting
Included in property management fees are all accounting duties for your vacation rental. There's nothing better than having a trustworthy professional looking after your money to ensure the financial health of your investment.
You'll be kept in the loop regarding all financial activity, letting you see how your vacation rental is performing. If it's unsatisfactory, you can work with your property manager to make the necessary adjustments.
5. Property Maintenance
As mentioned above, short-term rentals go through a lot of wear and tear. It's important to stay on top of maintenance so that your property doesn't fall into disrepair. A property manager will handle this, so you don't have to.
Get the Best Short-Term Property Management in SoCal
Short-term property management is a lifesaver for property owners in California. They'll help you keep renters coming in, take care of those renters while they're there, take care of maintenance, and collect the money. You can sit back and enjoy the perks of property ownership without any of the work.
PMI Harbor Beach is Long Beach's top short-term rental management company, offering everything we've discussed here and more. Contact us today to learn more about our services and how we can help you manage your investment.
