When renting out your second home, one of the biggest decisions that you can make is hiring a property management company. For many, their first instinct might be to say “no.” Your property is an important investment, and you want to make sure that it’s taken care of the right way. Enlisting the services of a property management company can feel like giving up control. However, there are countless benefits to using a property management company that you should consider before making your final decision.
The Benefits of Using a Property Management Company
Fewer Details to Manage
So what is a property management company responsible for? The name really says it all. They manage your property. This includes everything from acquiring tenants to sorting out lodging taxes and liability insurance. Managing a vacation rental is time-consuming. Most property owners do not have eight to 10 hours a week to devote to this, let alone experience in the hospitality industry. Plus, a property owner is just one person. A professional property management company has a team of people, each an expert in their field, all working hard to help you maximize your profits.
Better Marketing and More Bookings
The vacation rental industry is a highly competitive one. With so much volume, it’s tricky to make sure that your property is being seen by potential guests. A property management company like Finger Lakes Premier Properties can help customers find your home. We are often ranked on the first page of many relevant Google searches, our staff is actively engaged with social media channels, third-party distribution sites, and the local business community, and we have an established screening process for our guests. Our services also include professional photographs of your property, which has been proven to increase guest interest.
You wouldn’t go skydiving without an instructor, so why try to manage your investment property without help? Finger Lakes Premier Properties has 25 years of experience and over 250 properties in our inventory. No matter the situation, we know how to handle it.
As we’ve said, putting your trust in a third-party agency can seem scary. When sorting out the advantages and disadvantages of using a property management company, here are a few things to keep in mind.
No one likes to discover hidden fees and charges. A good vacation rental management company, like Finger Lakes Premier Properties, is going to give you a clear breakdown of all the annual costs associated with hiring us.
Your second home is an important investment, and you want to make sure it’s in tip-top shape. Many agencies offer the use of contracted services, but Finger Lakes Premier Properties has its very own maintenance and housekeeping staff. Property owners are welcome to use our services or choose to contract with a separate company. We also have a property protection program in place to cover most of the accidental damages, and we will never order a repair on your home over $200 without consulting you first. Let us take care of those middle-of-the-night maintenance requests!
Hire Finger Lakes Premier Properties
Hiring an experienced property management company is one of the smartest things you can do for your investment home, so don’t wait any longer. Contact us today and discover what we can do for you!