Hiring a Vacation Rental Manager? Be Sure to Ask these 4 Questions.
Do you own a vacation rental in Ocean City, MD or at the Delaware beaches? You may want to consider hiring a property management company to oversee its operations when you are unable to handle maintenance, communicate with guests and answer various questions. You do not want to end up with a management company that does not understand you and your needs, so here are some questions to ask every prospective organization.
1. What Are Your Fees?
You always want to know how much you will need to pay a property management company before signing a contract. The fees can range anywhere between 25 and 50 percent of the total rent. Consider how much you can afford to pay and still make a profit from your vacation rental.
2. What Do Your Other Clients Have To Say?
It is always advisable to seek out references. The management company should have no problem putting you in touch with current clients. These clients will offer their sincere opinions, and you will know whatever they say is the truth.
3. What Services Are Included in the Fees?
The fees you pay should cover most of the maintenance costs. Some aspects that should be included consist of marketing, maintenance, cleaning, in-person visits and pre-stay walk-throughs. Ask about everything, so you do not get caught off-guard about any extra fees that pop up.
4. What Is Vacation Rental Performance Like in the Area?
An experienced vacation rental property management company should be able to tell you everything about that industry in a specific city. They should be able to tell you when the slow and busy seasons are. You should also ask about any local regulations that could impact who you can rent to.
If you have a Maryland or Delaware rental property and are looking for a vacation rental manager to partner with, Vantage Resort Realty can help. Visit our Vacation Rental Management Services page for more information about how we make the experience smooth and successful for property owners. Questions? Call (410) 723-1780 (opt. 5) or send a message through our online form, and be sure to request a Free Rental Market Analysis of your property. We will get back to you shortly!