- Feb. 23, 2021
-- So you've decided to get into the short-term rental game, turning your investment property into real profit. However, you don't have the time or energy to spend on all the details of managing that property. Who does? Being 100% hand-off as a short-term rental property owner is the dream. That's when you need to hire a property management company to be your eyes, ears, and brain. But which one is the right one for you?
As a leader in the property management industry, Mt. Royal Homes (http://mtroyalhomes.com/
has proven to be a reliable source when helping owners research and select the company they want to work with. So let's take a look below at Mt. Royal's unsolicited advice on choosing the right company that works for you
.Small or Large Property Management Company?
There is no question when it comes to choosing the size of the management company you want to go with: a smaller, local company will give you the attention and listing value that you deserve (and pay for). And being local, the company will be a better, more spatially aware source for your out-of-town guests.Always Read the Reviews
First, no matter what size, you must choose a property management company with an online presence: website and social media. Having an online presence is a good indicator of guest satisfaction (or dissatisfaction)
in the form of reviews. Take all negative reviews with a grain of salt. Just as some guests leave unfair negative reviews on listings, the property management company could be the recipient of an unfair review from an angry host.Questions To Ask Your Potential Property Manager
If you've finally narrowed down your search to your top one or two property managers, now all you need to do is communicate with them, ask the tough questions, and dig even more. Below is Mt. Royal Homes (http://mtroyalhomes.com/list-your-property/
)' list of top five questions you need to ask and the answers you SHOULD hear:
- Do you monitor guest reviews? (Answer: "Yes.")
- What is the biggest issue you have with managing all of your properties? (Answer: The only wrong answer is if they say none.)
- How do you handle early check-in and late check-out requests? (Answer: "We accommodate this when possible, most of the time.")
- How do you hire cleaners? (Answer: "We send the same cleaners to the same properties whenever possible.")
- How long does the average owner stay with the company? (Answer: "A year or longer.")
If you're still having trouble figuring out what's what with property management companies, reach out to Mt. Royal Homes (http://mtroyalhomes.com/
and learn how the process of listing your property can work seamlessly.