Are you wondering about condo rental management for your property? Many people who are condominium owners in vacation hot spots have the opportunity to use their units as money makers when they’re not using them. But trying to manage them without help from a long distance can be a challenge. Keep reading to learn what condo rental management can look like for your property in the Vail Valley.
Upkeep and Maintenance? Handled
One of the biggest obstacles to having a profitable vacation rental is dealing with the upkeep and maintenance. This is especially true if you live across the state or country from your property. This is one of the biggest benefits of having a management company on your team. They can handle the general upkeep, including repairs, snow removal and exterior or interior touch ups. They can also handle emergencies if they arise, like a leaky pipe or a broken appliance.
Turnover Between Clients
Even if you live in the Valley, you don’t have the time to spend doing turnover between clients. Cleaning and changing linens and washing towels are not on your priority list. But they are on the to-do list for a property management company. This is something they can do for you to make sure the condo is in vacation-ready shape before travelers arrive.
Marketing and Advertising
With the vacation and short-term rental market the way it is, you can no longer just throw an ad on Craigslist and expect to get high-end clients. There are so many ways to rent properties these days, you have to know what you’re doing and be able to do it effectively. This is one of the things property management companies do for you. They take this piece of the puzzle out of your hands. They know where to advertise and how to get the best clients so you can get the most from your investment.
Oh, the Paperwork!
If you don’t have time to change the sheets, you certainly don’t have time to do client checks. A management company can do all the client vetting for you to make sure you’re not letting shady characters stay at your home. They will also handle the deposits, payments, contracts and even evictions, if necessary.
Clients in destinations like Vail and the surrounding areas expect VIP treatment. This often includes making restaurant recommendations and reservations, arranging for transportation and booking trips, such as skiing, sledding, sleigh rides and snowmobile excursions. The right company will handle these requests so your guests feel special. You can bet they will be return customers on their next trip to Colorado.
Do you have a condo in the Vail Valley? Don’t try to manage it alone. Get the support you need to ensure your investment pays off. To find out more about what condo rental management looks like, contact our team at Fireside Properties.