When you set out to buy a vacation rental property it can be an exciting journey. If you live at any distance from your vacation home, something you need to consider during that journey is hiring a property management company based in Breckenridge. More and more people are renting vacation homes, but along with their growing popularity comes higher expectations for quality service. No one wants their vacation ruined by a poorly managed home. One or two negative reviews can ruin your chances of regularly renting your home. When you are ready to hire a property management company, there are a few things you should look for to be sure you are getting the service you need.
Hidden Fees
Many property management companies advertise a low figure for caring for your property, but then they tack on extra fees for services you are likely to need. These extra services are where they make up for the low rate being offered. Ask about additional fees and add up what you will need. It may be that a property management company with a higher rate is better deal because of the services included in the rate.
Local Staff
Some large property management companies hire out local employees, but don’t oversee the operations themselves. This situation might work well if you only want a cleaning service. However, if you want assistance with managing emergencies, helping with check-in or check-out, or troubleshooting unexpected problems, a locally based company can be much more helpful.
Repairs
Make sure your property management company knows how to handle repairs and routine maintenance. Some needs may be handled by the management company itself, but most jobs are likely to be referred to other contractors. Make sure your property management company has connections with reputable contractors. Ask if they are willing to check in on the work as it progresses. These local connections to dependable and reasonably priced contractors can be invaluable. Make sure the property management company also routinely checks major appliances, such as the heater, water heater, hot tubs, and kitchen appliances. Then, you can stay ahead of major repairs and make necessary repairs before something happens while you are hosting guests.
Repeat Guests
A lot of your business will depend on your vacation rental being visible on most rental sites and repeat business. Many vacationers come back year after year if they had a good experience. Ask your local property management company how they advertise your property and how they encourage loyalty and repeat renters. A property management company that works to keep your rental booked is worth the investment. You lose money when your home sits empty, and a good property management company will work hard to keep your property occupied with paying renters.
Your Criteria
As you search for a property management company for your Breckenridge vacation rental, make a list of criteria that is important to you. Think about items such as marketing, emergency care, cleaning, and screening renters. Be sure that the company you hire offers all of the services you want and the you know how much their services will cost. Don’t be afraid to ask for references. You want to be sure your investment is in the right hands. Contact Breckenridge Resort Managers to see if our approach to property management is the right one for your vacation rental.
