If you have a vacation rental and look for some help to manage it, selecting the right property manager is no minor decision. As there are various companies that offer Airbnb property management, it can be rather challenging to find the one that is right for you. It becomes even more challenging when every single company claims to be the best.
The best approach is to compile a set of questions that will help you list all the advantages and disadvantages offered by each Airbnb property management company so that you can gather more handy info about each one. As soon as you have collected the answers to these five key questions, it will be significantly less overwhelming to find the perfect Airbnb property management candidate to look after your vacation rental properties.
- How Much Experience Do You Boast In Property Management?
Every city has its very own challenges pertaining to vacation rentals. For instance, Cape Town is one of the most beautiful tourist destinations across the globe, but unfortunately, it has a high crime rate. As a result, managing a property in Cape Town poses several unique challenges compared to managing a holiday rental on a remote island.
When an Airbnb property management company boasts years of practical knowledge in looking after vacation properties, they will have dealt with various issues. They will, for example, know how to secure your property and which safety measures should be put in place. Plus, if they have been around the block, they will be familiar with the various laws of that area too.
- How Much Will Their Services Cost?
It is highly important that you are familiar with all the costs involved prior to signing a contract with a company that will be responsible for your Airbnb property management. One way to determine whether or not the company is good is if they are open about all the costs and inform you of the precise breakdown. As soon as the property manager wants to conceal info or make it unnecessarily difficult for you to get all the info, they are probably not nearly dependable.
Vacation rental property companies are going to concentrate more on their wide range of services available and brag about their five-star reviews. Though, when it is difficult to reach them or you sense that something regarding the costs is out of place, rather opt for someone else.
- What Does The Price Include?
Which type of services will the Airbnb property management have to provide? What would it cost if you were to do it yourself? By identifying which services you need, you will get a better picture of the type of Airbnb property management that will attend to your requirements the best. Also, this way you will know if what they’re charging for housekeeping is acceptable or not.
You might think that it will cost you a lot less if you simply did it yourself, but do not forget that it can be rather stressful to organize these services on your own. The ability to stay stress-free is something that money can’t buy. So, rather let the Airbnb property management stress over certain specifics such as cleaning.
- What If I Want To Cancel My Contract?
No one wants to find out too late that they can’t terminate a service when they fail to see the desired results. Before you sign the contract, always ensure that you are familiar with all the fine print. When an Airbnb property management company offers you a contract that sounds inescapable, rather continue your search…
- Who Will Be Responsible For Marketing?
What’s the use that you are paying a company to look after your vacation rental when guests have no idea that you even exist? Do you have the expertise and time to market your vacation rental on your own? If not, it is a good idea to enlist the services of a vacation rental property manager who can also market your property.
If marketing is not included in the Airbnb property management, be sure to find out what it will cost. If you can’t afford to pay for someone else to market your place and you do not feel confident that you have the expertise to do tackle it on your own, don’t despair as there are many vacation rental resources available at no cost.