Make no mistake; property management is a job, and not an easy one. When you become a vacation rental property owner, there are quite a few fundamental decisions to make to ensure your property and guests are cared for properly. If you live in another state, or even a good distance away, it is likely that you will need some type of property management service for your Breckenridge property to maintain a professional standard. Some vacation rental owners prefer to be more hands on and deal with property servicing, while others prefer someone else to take care of all the details so they can relax and enjoy. Depending on which type of owner you may want to be, you have a couple of options to address your needs.
Full-Service Property Management
Full property management offers a “hands off” experience to owners who just want to enjoy their property and collect a monthly check. For these owners and guests, every detail is professionally taken care of; items such as advertising, booking, cleaning, emergency response, general maintenance and guest services are all included in this type of management. For owners looking to rent their property in Breck, but do not have the time to devote to a “second job” of property management, this option is the perfect fit.
Partial/Partner Property Management
Partial property management has a more nuanced definition, as these services can vary based on the needs of the owner, or the offerings of the manager. Some Breckenridge vacation rental owners prefer to manage their own bookings, and keep up with their own marketing, but require professional guest services and cleaning services. Other owners prefer a property manager to keep track of their listings, handle the marketing and take care of housekeeping so the owner can focus on dealing with guests. This option lets the property owner scale their service to meet their needs, and adjust as needed.
Choosing Which Option is Best for You- What Is Your Time Worth?
When you are choosing between the two types of vacation rental management services, think about what type of property owner you want to be. Are you challenged by technology and don’t want to manage your listings, or do you like the thrill of posting your own listings and interacting with guests? Do you want to be hands-off or fairly involved in the rental process? Would you prefer to invest more time or more money into your property? Talk to your potential property management companies about what you hope to get out of your vacation rental and what combination of services would be right for you.
Many Breckenridge vacation rental owners start out intending to do everything on their own. However, they quickly find it is harder to find guests than they thought, emergencies come up and reliable services are hard to procure from far away. Again, managing a property professional is a JOB, not a hobby, and demands a certain amount of time and attention to make guests happy. Often, investing in full property management will lead to greater revenue in the long run, when your property is booked more often, and satisfied guests return. If full-service property management is not for you, Breckenridge Resort Managers is happy to work with you to find the right level of property management for you needs.