Home management service isn’t just for the rich and famous anymore. And it’s not just for short-term rentals either. Do you live in the Vail Valley? Have a property you’re ready to rent out to long-term tenants? You can take advantage of what a property management company has to offer. Think it’s just for vacation rentals? Think again. Here’s the scoop.
What Is a Property Management Company?
Property management companies provide oversight and management of real estate. When it comes to home management, they can provide care, management, and maintenance of a property occupied by someone other than the owner. They most often work with short-term rentals and vacation property. A management company helps owners remove themselves from the business of managing the property.
Why Is a Home Management Service Important for Long-Term Rentals?
Managing a short-term rental property can be time-consuming and labor-intensive. Therefore, most owners choose a home management service company to do it for them. Don’t dismiss them when it comes to your long-term rental, however. What they do for a vacation rental, they can also do for tenants that live there full-time.
Unless being a landlord is your primary job, you want someone else to do it for you so it doesn’t become a full-time job. One of the biggest benefits of home management service is in dealing with the tenants. That includes finding them in the first place. When you’re just getting started, a home management service company can attract the best tenants. They can market to the right demographic and screen any potential renters. That helps guarantee high-quality tenants that will take care of your home and property.
Once your renter is in, you have to collect the rent. Unless you have a management company that will do it for you. Plus, they’ll make sure it’s in on time, every time. And what if it isn’t? A home management service company can handle collections and even evictions if necessary. That is something you don’t want to have to manage yourself.
Maintenance and Upkeep of Long-Term Rentals
While it’s true that you need to provide more cleaning and other services to vacation rentals, there is still maintenance and upkeep that needs to happen with a long-term rental. When something breaks, a management company will be in charge of getting it fixed. Any general upkeep the tenants are not responsible for falls under the purview of the management company as well.
There are so many things a landlord must do, from collecting rent to making repairs. Unless you have extra time on your hands, there’s no reason for you to try to take it on yourself. That’s why you should hand over the reins to the experts. Contact our home management service team at Fireside Properties today.