Do you want to hire a vacation rental manager for your vacation rental house but don’t know where to start? There appear to be two options. Should you consider local providers that are familiar with your area and the visitors? Should you go with a global vacation rental management business that provides the most services but risks becoming a number? As a result, we drafted the 10 Tips for Choosing a Vacation Rental Manager in Lake Charlevoix.
A competent vacation rental manager is dedicated to meeting the needs of your vacation rental guests at all times. The ideal vacation rental manager will bring in more visitors, enhance quality reservations, encourage more good reviews, and ensure that every detail of your vacation property and bookings is handled professionally.
We’ve compiled our 10 greatest ideas to help you select a vacation rental management to assist you to decide which vacation rental manager best meets you and your property’s needs and to ensure you’re getting the most return on your investment:
Tip #10: Stay away from the cheapest vacation rental manager; you get what you pay for!
One of the most common mistakes vacation rental owners make is choosing a vacation rental management solely on the basis of cost. Do you drive the cheapest vehicle available? No, absolutely not! Your family’s safety and dependability are paramount. When looking for a vacation rental manager for your vacation home, search for a good fit that checks all of your boxes, not a low-cost one.
There’s a reason why the cheapest option is the cheapest: it’s not as excellent. Vacation rental management is no different. Your vacation house is the pride and joy of your life. You want your property to be taken care of properly. You want potential tourists to be well vetted. You want great guests who treat your home as if it were their own, not scumbags who don’t respect or care for it.
Increasing your booking income should be a top aim, and cheaper vacation rental managers will not be able to help you achieve your goals as effectively as a middle-market premium quality manager.
When looking for a vacation rental manager for your vacation rental, do some research to see what the average fees for vacation rental managers in your area are. You will have a realistic notion of the fees you will have to pay once you know the market rate.
A professional vacation rental manager will charge between 20% and 30% for their services. Traditional local vacation rental managers can charge anywhere from 35 to 45 percent.
Whether you like it or not, your vacation rental manager could be the sole reason your vacation rental isn’t making enough money or getting good bookings. As a result, you must select the appropriate option. You might be tempted to go with the lowest vacation rental management, but instead, focus on the deliverables from your vacation rental manager and their previous results with similar properties. Make your choice based on the quality of the work you’ll get, not just the price they’ll charge you.
Tip #9: Find a vacation rental management who offers the services you require.
A vacation rental manager should provide their vacation property owners with distinctive and professional services. It is critical to ensure that the services provided are appropriate for your vacation rental.
The following are some of the services that must be chosen:
Management of reservations
Responding to questions
Inspections of homes
Responding to customer feedback
It’s up to you to decide which, if any, of these services are most important to you, and make sure the vacation rental manager is committed to providing them all.
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You might also require additional services. Before you commit to a manager, be sure you agree on all of these. It may be easier to keep an eye on your vacation property if you live in the same town like it. If you are based out of town from your vacation home, though, you may be seeking a more comprehensive service.
10 Tips for Choosing a Vacation Rental Manager in Lake Charlevoix
Tip #8: Hire a vacation rental manager who can quickly reply to passenger inquiries.
The difference between getting a booking and not getting a booking is being ready to answer a traveler’s question at any time of day. When a tourist has a question, they normally sit down in front of their computer and press the ‘book’ button. At that time, they are eager to plan and arrange their next holiday. They will not wait a few hours for a tardy manager to respond when they can contact the next rental property that is similar to yours and book with them when they receive a faster response.
Make sure the vacation rental manager you hire is responsive and available to guests at all times. While you shouldn’t expect the vacation rental manager to be available 24 hours a day, 7 days a week to personally answer your questions, you do expect them to deliver timely information and provide the greatest degree of customer care for each and every inquiry.
Tip #7: Make sure your holiday rental is reasonably priced.
It’s critical to comprehend how a vacation rental manager determines the price of your rental property. Is there a price strategy in place for the vacation rental manager to create a balance between low and high seasons, wear and tear on your property, and any personal stays you may have planned? Will they propose a lower price to gain attention and favorable feedback, then gradually change the rate? All of these concerns should be taken into account and discussed with a possible vacation rental management.
It’s critical to understand dynamic pricing for your vacation rental property and to price it to match the seasonal ebbs and flows in your area. It’s simply not feasible to have a fixed tariff every day of the year. You can ensure your home is priced competitively and you get a fantastic ROI if you focus on determining to price based on vacation periods, peak times, and demand.
Tip #6: Prioritize quality over quantity when it comes to property management.
It may be prudent to avoid the largest property management company. When looking for a company or individual to manage your vacation rental property, quality over number is the preferable option.
On the opposite end of a foreign contact center, we’ve all experienced being treated like a number. If you want personalized vacation property management, you may look into some service-oriented choices with a specialized and personable property management team that can tailor your service to your needs.
Most vacation residences have unanticipated faults. Vacation rental managers are therefore required. The last thing a property owner wants when an issue arises is to be stuck on hold with a large corporation call center, punching the “0” key to talk with a live person. No, thank you!
You should develop a relationship with your vacation rental manager, and they should be willing to provide you with their cell phone number so that you can reach them directly if something has to be discussed or you need to contact them.
Consider hiring a boutique vacation rental manager who genuinely cares, rather than a larger property management company that can’t provide you with the personalized service you require.
You and your property are deserving of special attention. Do you want to be one of the tens of thousands of properties overseen by huge property management companies? You’ll have a better experience if you aim for quality.
Calculator for Short-Term Rental Income
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Find out how much money you may expect from your holiday rental property each year.
Above, enter the address and basic lodging information for your property. Based on like-property comparables, seasonality, vacancy rates, rental listing site calendars, and pricing analyses, we’ll tell you how much short-term rental revenue you may expect each year.
10 Tips for Choosing a Vacation Rental Manager in Lake Charlevoix
Tip #5: Have your vacation rental manager include your property on the top 50 vacation rental websites.
It’s crucial to use the correct platform for marketing and advertising your vacation rental.
When picking a vacation rental management, inquire about the websites where your home will be listed. There are 50 locations around the world that should be evaluated. We’ve done the legwork for you and compiled a list of the best 50 websites to visit.
You must ensure that your vacation property is listed on the relevant sites, targeting the right demographic, in order to gain considerable exposure and engage with quality tourists.
Tip #4: Hire a vacation rental manager who will properly vet all prospective guests.
There is no magic formula for predicting whether a traveler would be a bad or good visitor. A vacation rental manager with experience, talent, and the ability to ask the correct questions, on the other hand, may help to ensure that your vacation property is always in good hands.
Talk to the potential vacation rental manager about the types of inquiries they’ll ask to learn more about the visitors.
Ask inquiries like Who else is traveling with you?
What is the size of your group?
What is the average age of the persons in your group?
What is your purpose for coming here?
Have you ever stayed in a vacation rental property?
You’ll be less likely to obtain bad rentals if you have a rigorous and precise screening process in place, and you’ll be able to prevent concerns like noise or unruly guests.
Tip #3: Be wary of a vacation rental manager’s potential conflict of interest.
Is your vacation rental manager solely focused on marketing your vacation rental wherever it needs to be? Or are they attempting to promote their own low-traffic listing site? If that’s the case, let’s face it: their motivation is to promote their own website.
Vacation rental managers who promote their own listing site aren’t the best choice for your vacation home. It’s preferable to hire a different manager whose sole purpose is to bring inquiries and bookings to your door.
These vacation rental manager listing sites receive very little traffic – a fraction of what AirBNB, HomeAway, Google, and other popular social media sites receive – so ignore them and concentrate on the top 50 big players who will bring you substantial bookings.
How can the vacation rental manager’s incentive be aligned with the vacation rental property owner if the vacation rental management makes money booking traveler guests? That’s not the case.
“It appears like the vacation rental manager cares more about the visitors they’re booking than for my property,” and “how are they screening excellent customers when they’re getting paid to book travelers on their own site?” are common complaints expressed by property owners. If this is the case for you, or if the possible vacation rental management places a strong focus on their own listing site, it’s time to move on.
Tip #2: Stay away from vacation rental managers who require a long-term commitment.
Consider why you need a contract that ties you in for a year or more. What are the terms of the contract you’re about to sign? Managers who desire a term contract should be avoided at all costs. Some property managers appear to simply decrease your property on their priority list once homeowners sign a term contract.
It is critical for the success of your property to have the flexibility to leave if management is not a good fit. After all, your holiday rental should be treated as a small business.
Unlike our competitors, Northern Michigan Escapes does not compel you to sign a long-term contract. We gain your trust by letting you know that you can cancel our services at any time. Concentrate on finding a vacation rental management who will offer results rather than tying you down to a long-term contract with little to no freedom.
Tip #1: Marketing is the most important factor in generating booking money.
At the end of the day, marketing is the most important factor in determining the success of your vacation rental.
What is the purpose of marketing? It’s straightforward. It is the primary source of booking revenue. The more travelers who notice your well-written listing, the more bookings and rental income your home will receive. Nothing drives booking revenue as directly as marketing, and you must focus on this aspect to get the return on investment you desire.
It will get better. The calendar of a well-marketed property will be full sooner and at better rental rates. Guests who spend more are more likely to be high-quality guests. They’re the kind of visitors who respect your home as if it were their own.
Let Northern Michigan Escapes handle the marketing, promotion, and management of your vacation rental property.
10 Tips for Choosing a Vacation Rental Manager in Lake Charlevoix
Northern Michigan Escapes is all about making it easy for you to sell, promote, and manage your vacation rental property so you can earn the booking income you’ve always wanted.
Our skilled copywriters construct a captivating listing for your home, putting it on all of the major vacation rental listing sites across the world. Then we market your home using social media, search engines and remarketing.
We’ll even handle your pre-and post-stay correspondence. Northern Michigan Escapes is the clear choice if you want someone to synchronize your calendars across listing sites and ensure you get superior property management for your vacation rental listing. Learn more about Northern Michigan Escapes.
Better marketing = more bookings = more revenue = happier guests
The work is done by us. You will benefit from professional property management. It’s as easy as that!
Allow us to enhance your vacation rental booking profits while you sit back and relax. Contact Us Right Now…