Why Hire a Property Manager?
Throughout this site,there are numerous free ways to advertise and increase your vacation home’s income. Why would you still need a vacation home manager? The number one reason should be because your home is a small business. Though you may love your vacation home for the joy and memories it provides you, if you are renting it out, then you must consider the business aspect of it.
Managing, marketing, and operating a vacation rental home can be a full time job for just one home. If you are already employed, then it probably leaves you little time for all of life’s other pleasures, let alone running a vacation home. If you were to follow all the free advice laid out in this site, you would have already spent hundreds of hours working on your vacation home.
The hundreds of hours have been spent on marketing and increasing your home’s visibility to the world. Yes, increasing your home’s marketing will bring long term increased revenue. If you are spending all your free time marketing your home, who is maintaining it?
An average home should have twenty percent of its gross rental income reinvested every year. Though this number may seem high, your home is being used much more on average than a normal home. If this wasn’t enough, think of the elements on the beach: sun. sand, and salt water. Those three can eat away at a house if not properly maintained.
If you are considering a vacation home manager for any of the reasons listed above, send me an email. I would relish the opportunity to provide you with a yearly rental projection.
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