So you got a vacation rental, but you don’t have the time to run it as well as you would like. Or you just realized that it requires a lot more expertise to run successful and of course get great reviews. What do you do?
It’s easy, just hire someone else to do the job for you.
But before that, what will you look for, and how will you tell that you are hiring the right person for your vacation rental? Well, it happens that we can help you with that. Here are tips that you can use to find and select the best vacation rental manager…
Experience in managing short-term rental properties
This is the first question that you should ask. If their answer is NONE, don’t even bother to proceed. If their answer is that they are currently managing more than 10, you need to ask them the number of people working with them and their availability to do more. Excluding the cleaning time, a vacation rental property requires a lot of time and flexibility to run efficiently. It is very often a 24/h kind of job.
With that in mind, you need to do your math’s to ensure that your property will be taken care of.
Check the Reviews of the currently managed properties.
Reviews are very important as they come straight from people who have been to the properties under the vacation rental Manager’s care.
Go to negative reviews and find out what has caused them. Does it have anything to do with the Manager? If yes, then that’s not the right person to manage your property. You don’t want to hand over your property to a manager who will bring your business to a downfall.
Commission rates and contract terms
So far you have been able to eliminate many managers from your list. But the process is not over yet.
Your vacation rental business won’t be successful if you are not making money. You need a great property manager or a property management company who will make you money not take it away from you. The hospitality industry is a lot about margins, so try not to exceed your budget only because you think that the perfect candidate will not appear.
Also, check their contract terms, before you sign it. You don’t need anything that can bring complications in case you need to terminate the contract due to non-performance of the specified duties.
What managing software they use
Think of this as a Unique Selling Proposition. It is what makes them different from other vacation rental Manager. What do they do different from other service providers to attract more guests? What tools have they got to help them run your property smoothly?
The NEUVAH platform is one of the most recommended property management software out there. It is a mobile PMS (Property Management System) and Channel Manager and it helps any property manager get everything in order effortlessly. Remember, a good tool will bring more time to do other important things that can make your vacation rentals stand out from competitors.
It’s your turn to recruit! Good luck!