The property management business has been around for quite some time. Still, the latest trend sweeping the world is vacation rental management, also known as short-term rental management. Vacation rental property’s investment can be a significant income source and wealth for generations if handled correctly.
A vacation rental is usually a more private living space providing a safer and serene environment for guests than a crowded hotel or resort. Often equipped with everything you need including laundry and kitchen facilities, these properties allow your family to enjoy their privacy without worrying about external contacts.
However, even with all the benefits that vacation rentals present, one of the leading causes of guest complaints is cleanliness. Guests part with a significant sum to stay in your home, and when the housekeeping skills fall below their expectations, they’re justifiably going to be upset.
Importance of Professional Cleaning Services for Vacation Rentals
Housekeeping continues to be an essential service for both property owners and guests alike. Since the pandemic, people have become astutely aware of the importance of outstanding property cleaning and housekeeping. Vacation rental owners with vast experience in the industry can attest that it doesn’t matter how beautiful, trendy, or strategically located your home is. Suppose you fail to manage your rental adequately and especially the housekeeping aspect. In that case, customers will be less inclined to book your property.
According to a 2015 survey by Calcium, Lime, and Rust (CLR), a household cleaning product company, about 86% of travelers value cleanliness more than all other amenities in a vacation rental or hotel. With good housekeeping as a top priority among renters, vacation rental owners should invest in quality housekeeping.
Managing Your Rentals As A Host
Some vacation rental owners opt to manage their property by themselves instead of hiring a property management company. Self-management can be more affordable and gives you direct control over your property, including pricing. On the other hand, managing the property on your own can be an extensive and laborious affair. If you decide to undertake self-management, here are a few essential tasks that you must undertake to achieve success in the vacation rental business:
Pricing your units
You are at liberty to set the fee for your rentals. Setting the price for each unit entails a detailed process that includes:
- Estimating your expenses
- Researching your competitors’ rates,
- Testing your set prices to determine if they work for your business.
Facilitating effective guest communication
Effective guest communication is a crucial facet of vacation rental property management. It’s also a vital part of future business and can affect your property listing’s overall rating and online reviews. It’s critical to always reply promptly and courteously to your guests’ messages and queries. Making your guest feel welcome will open doors for repeat business and growth.
Providing housekeeping and maintenance services
Any property owner hoping to satisfy their guests must ensure that their property is thoroughly cleaned in-between stays. Scheduling regular housekeeping sessions will guarantee that your property is always in pristine condition for your guests. Also, any damages to the property or amenities should be handled efficiently by a maintenance team. You should always ensure that your management and maintenance schedule does not affect your guests’ stay.
Promoting your rentals through various marketing channels
Like any other business out there, no one will transact with you if they don’t know you exist. The secret is in conducting an effective marketing campaign to get your vacation rental business out there. Being a competitive industry, you’ll need to employ several marketing strategies across different platforms to maximize your property’s visibility.
Suppose you feel overwhelmed as a property owner by the huge responsibility, numerous management, and maintenance tasks. In that case, another option may be to hire a Vacation Rental Property Management Company.
What Is a Vacation Rental Property Management Company?
A vacation rental property management company offers professional management and maintenance services to property owners at a fee. Property managers control and oversee all operations in a property, ensuring that everything runs smoothly on behalf of the property owner. They also show accountability and professionalism to renters.
What is a Viable Option for Vacation Rental Owners?
Managing a property effectively depends on your budget and how much you are willing to devote to your business. Suppose you handle everything yourself but find that you are struggling to a net profitable business or your return does not equal your input. In that case, it’s advisable to seek the services of a property management company. However, if you only need help with some aspects of the business, you can outsource those services and handle the rest.
Vacation Rental Management Made Easy
The most common reason a vacation rental owner would opt not to hire a property management company is to avoid extra expenses. Nonetheless, the combination of enhanced marketing, superior management, and excellent guest experience exhibited by experienced property managers can significantly contribute to ensuring that a property’s potential is fully maximized.
If you’re looking for vacation rental management services in the South Florida region, Dwellings Property Management has got your back. We manage short-term rentals, vacation rentals such as Airbnb and VRBO, long-term rentals, home, and condo associations. Our team also handles sales transactions for clients. We have vast experience in helping property owners maintain and keep their vacation rentals ready for guests at all times. At Dwellings, we offer affordable expert vacation rental management services and superior customer service throughout the day, 365 days a year. Contact us today and request a free quote.