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You are here: Home1 / Blog2 / 20203 / September
Property Management

6 Tips for Choosing a Property Management Service in Breckenridge

6 Tips for Choosing a Property Management Service in Breckenridge

Finding the right property management company requires knowing your options. Here are tips on choosing a property management service in Breckenridge.

By investing in real estate, you’re following the advice of 90% of millionaires who say that real estate is the best investment you can make. However, for your property investment to be a success, you need to manage it.

Hiring a property management service can help you streamline and optimize the management of your real estate. The key is to choose the right service to work with.

This guide will help you know what to look for, so you select the right management company for your needs.

1. Understand the Services Offered

Each property management company offers a unique suite of services. It helps to create lists of your “must-have” and “nice to have” services.

Consider these types of services and whether you want your management service to provide them for your property.

  • Annual property inspections
  • Maintenance services
  • Marketing
  • Tenant screening
  • Rent collection

2. The Experience of Other Clients

Read references and reviews to find out what the property management experience was like for previous clients. The service you choose should have a reputation for being professional, accountable, and responsive.

They should have a reputation for proactive action and not reactive. This means they have disaster and contingency plans in place. There are set and clear standards that the property management firm adheres to.

3. Fees and Costs

As with any service, it needs to make financial sense to employ it. Fees and costs shouldn’t be your sole deciding factor, though. Look for a service that has a clear fee structure.

The service should also provide you with regular accounting statements, so you understand your rental property’s account status.

4. Technology

Modern property management firms use software to automate many tasks. Look for a firm that embraces technology to streamline processes and make renting easier for potential tenants.

There should be a portal for tenants to log into for rental payments and maintenance requests. There should also be a portal for you as the owner to manage reporting and your disbursements.

5. Performance Track Record

Ask potential firms what their performance track record is. This ensures you trust your property in Breckenridge to a capable firm. Some property managers are more experienced with managing homes for families while others are more adept at managing commercial real estate.

Look for these statistics to understand a service’s performance track record.

  • Vacancy rates
  • Occupancy rates
  • Average tenancy length
  • Number of properties under management
  • Number of owners represented

6. Qualifications

You’ll want to confirm that any property service you work with is a legitimate company. You can do this by confirming the licensing of a particular service. You can do this online.

Verify that the company is licensed to work where your property is located. You’ll also want to confirm that the license is in good standing.

Find a Property Management Service

By following these six tips, you’ll be prepared to find the best property management service. Pay attention to what a service has to offer you and how that fulfills your needs.

Research what other clients have to say about the quality of a service and a firm’s performance track record. This will give you a good indication of how that particular service will perform for you.

Contact our skilled team of property managers and entrust your property to a qualified team.

September 20, 2020/by aepropertyadmin
Vacation Rentals

5 Common Lodging Rental Mistakes to Avoid in Breckenridge

5 Common Lodging Rental Mistakes to Avoid in Breckenridge

If you plan on vacationing in Breckenridge, CO, you should know your options for lodging. Here are common lodging rental mistakes to avoid in Breckenridge.

The town of Breckenridge alone issues over 3,000 licenses each year for property owners to rent their homes or condos as vacation accommodations.

In comparison to the mere six hotels, it is no wonder that this is the preferred method of lodging when vacationing in Breckenridge.

Here are some of the most common lodging rental mistakes, and tips on how to avoid them when planning your next trip.

1. Not Specifying the Right Criteria

The array of options for vacation homes in Breckenridge can be overwhelming. Why not make it easier on yourself by narrowing down the field right off the bat?

Occupancy and Age Limits

Specify the number of guests, not only the number of bedrooms.

There are set rules for determining the maximum occupancy of a property, so don’t request three bedrooms and assume that extra guests can just bring their sleeping bags.

If anyone in your party is under 25, check if there is a minimum age requirement. It is not uncommon for age restrictions to apply to ALL guests in the house.

Property owners often drop by to check in or request IDs, so honesty is the best policy.

Budget

Have an idea of your price range in mind before commencing your search. There is no point in scrolling through pages of luxury properties if you’re on a tight budget, and vice-versa.

Location

Consider your likely activities in Breckenridge. Are you set on staying on-mountain with the ski slope at your doorstep? Or, would you prefer your vacation home accommodation to be in the middle of the Main Street action?

2. Waiting Until the Last Minute

Ski season bookings surge from October onwards. You should be planning your winter vacation while it’s still beach weather, if not before.

Many vacation home renters are repeat guests and lock in dates a full year in advance. Rental homes are not like hotels – if you are trying to hold out for a good last-minute deal, you are more likely to miss out altogether.

3. Not Reading the Reviews

You would be amazed at the valuable insight written in vacation home accommodation reviews.

Guests disclose everything down to a hard mattress in the master bedroom. Reviews also clearly indicate if what you see in the listing photos is in fact what you get.

4. Overlooking Hidden Fees

The word ‘from’ in a price offer is a red flag. Enticing prices on homepage banner ads reflect off-season rates and are rarely applicable to ski season.

Click through to the final booking screen and examine all listed charges. Pay extra attention to the cleaning and linen fees, as they can be exorbitant.

Are you required to pay a security deposit? If not, how much are you liable for in the case of accidental damage?

5. Turning Down Travel Insurance

Travel insurance is often overlooked for domestic travel, but a family ski trip to Breckenridge can come with a hefty price tag akin to an international trip.

Protect yourself from unnecessary financial losses resulting from severe weather events, flight delays, unexpected trip cancellations, and more.

Avoid Lodging Rental Mistakes by Asking an Expert

Comparing rental costs and finding your perfect vacation home in Breckenridge can be tricky, especially if you’re unfamiliar with the area.

Using a property management company allows you to ask specific questions about your potential selection. Their expert advice and local knowledge will help you to steer clear of the most common lodging rental mistakes.

Upon arrival, you have a reliable point of contact if something goes wrong. Whether you lose your key in the snow or the heat stops working in your rental, you’ll be taken care of.

Contact our team of experienced professionals at Alpine Edge for all your Breckenridge vacation home accommodation needs!

September 8, 2020/by aepropertyadmin

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