How to Hire a Property Manager for Your Vacation Rental

Posted by Team Donovan on Wednesday, November 15th, 2017 at 11:49am.

Many of today’s homeowners are getting more out of their investment by renting out their vacation homes in Orlando, FL. Although this provides a significant source of additional income, it can also require you to take on additional responsibilities.

Managing a vacation property takes time, energy, and money. Maintaining your property requires ongoing maintenance and repairs.

Hiring a property manager is the best way to meet the needs of your home and make it profitable over time.Knowing what to ask a vacation property manager ensures that you work with a knowledgeable and experienced professional.

What Services Does the Vacation Property Manager Provide?

You may have already received a price quote from a property manager. But you need to fully understand all of the services that are included. Every property is unique, and your property management needs will depend on your Orlando home’s design, location, features, and amenities.

Determine how much it would cost to manage the property on your own. This gives you a baseline with which to compare quotes from vacation property managers.

This approach also helps you avoid paying more than you should. Knowing what services a vacation property manager is offering lets you make the best choice for your home.

What Experience and Expertise Does the Vacation Property Manager Have?

Having knowledge of your property’s location and its unique needs can save you a lot of headaches and costs down the line.

Properties located in a popular tourist destination like Orlando, for example, will have different maintenance and management needs than those located in remote rural or coastal settings.

Hiring a vacation property manager with the necessary expertise to oversee your property ensures that any issues are quickly resolved. Understanding local laws and regulations can also provide additional protection for you and your property.

How Will Your Property Manager Market Your Orlando Vacation Home?

It’s important to find the right property manager for your Orlando rental property who will provide the protection and management services you need. But you’ll also need to make sure that your home is seen by prospective renters.

Marketing a vacation property is the biggest challenge that homeowners face. Without the right strategies for gaining visibility for your property, you may end up losing money in the long run.

There are plenty of online directories that renters use to find properties like yours. But listing your property is just one part of the equation. You’ll also need to keep up with any inquiries, answer questions via email, and qualify potential renters.

The time and energy required to market your property may be too much to handle on your own. A skilled property manager can make the process easier while providing better results.

Your marketing needs depend on a number of factors including your availability and the demand for your property or its location.

Vacation homes in Orlando, FL are seeing an increased demand from today’s travelers. Renting a home rather than a traditional hotel room provides unique benefits to those people who want the comfort, features, and convenience that a vacation home offers.

Knowing what to ask your future vacation property manager helps you find the right person to oversee and maintain your vacation rental property. This saves you time and money, increases your home’s visibility, and maximizes the return you achieve on your home investment. 

For tips on how to know whether your property manager is performing as expected, read this article: 

How to Know Your Property Manager is doing a Good Job 

The real estate agents at Team Donovan are experts at working with absentee owners of vacation homes in Orlando. If you have any questions about property managers, or need help finding a home to buy, contact us at 407-705-2616.