5 Questions to Ask Before Choosing a Property Management Company
Finding your ideal real estate depends on the property managers available to you. Ask these questions before choosing a property management company.
Is it time to hire a Breckenridge vacation rental company? Breckenridge attracts more than 1.5 million visitors a year, and you want to work with a company that can keep your vacation rental occupied.
Finding a property management company can be a major challenge.
Here are the questions that you want to ask potential companies before you hire them to manage your business.
1. Do You Manage Short and Long-Term Rentals?
As you search for a property manager for your vacation rental, you want to make sure that you have a company that specializes in vacation rentals.
Managing a long-term rental is completely different from managing a vacation rental. You want to work with a company that understands the needs of vacation rentals.
2. What Are Your Property Management Fees?
Vacation property managers have different rate structures. Some will charge a percentage of the booking, while others charge a flat monthly fee.
It’s important to get as much detail as you can as to what is paid to the property manager and if there are any additional fees.
3. What Services Does Your Company Provide?
You have to get a clear picture as to what the property manager will do and what you will have to do.
For example, you’ll want to know if the property manager handles marketing the property. If they do, do they understand the vacation rental trends?
You’ll also want to know if they handle cleaning the property and collecting additional fees if there are damages to the property.
You should understand what services the property management company provides guests. Ask what the guest experience is like because you’ll want to have guests that turn into repeat renters.
There are a couple of additional questions you want to ask your property manager.
Does the property management company handle repairs? How do they notify you when a repair needs to be made?
Some companies will have a threshold and handle the repairs themselves. Anything over the threshold, you’ll be contacted for.
4. Do You Screen Guests Before Renting to Them?
Do you want your vacation rental to turn into a bachelor party zone? Probably not. You want to make sure that the property management company doesn’t rent to people who can damage the property or cause liabilities.
Ask the property manager if they screen guests and what their process is. For example, the property management company may only allow guests that are of a certain age.
Some Breckenridge lodging companies place a priority on booking the home instead of the long-term value of the home and the renters.
5. How Do Guests Enter the Property?
You want to make sure that your vacation rental is safe and secure. You should ask the property management company if they use digital locks to keep guests and your property safe.
Hiring the Best Property Management Company
When you’re looking for companies to manage your vacation rental, you want to make sure that you hire a property manager that specializes in them. Contact us today to discover how we can manage your vacation rentals in Breckenridge.