In the third quarter of last year alone, Florida attracted more than 35 million total in-person visits, with Fort Lauderdale being one of the most popular destinations.
If you own a Fort Lauderdale vacation rental property and aren't making enough rental income, you might not have enough time to dedicate to property marketing and overall management. Luckily, you can reach out for help.
Hiring a vacation rental property manager is the best way to do this. However, you need to know how to choose the right person. Keep reading to learn how to hire a property manager for your short-term rental.
Determine the Services You Need
Vacation rental property managers can handle a variety of responsibilities. To choose the right one for your needs, determine the services you require. Ask yourself these questions to help you decide what you need:
- How much time do you want to free up for yourself?
- Which tasks do you want to avoid doing frequently?
- Which tasks take the longest?
- Which tasks can be outsourced affordably?
- How much do you have to budget for property management?
If you are an expert at marketing your vacation rental property in Florida but aren't great with visitor relations, a property manager can help with these services. You can also outsource time-consuming tasks.
You may also decide that you want a property management company to handle everything for you. This is a great option if you are an out-of-town short-term rental owner.
Do Your Research
A quick online search of Fort Lauderdale vacation rental property management companies will give you an idea of your options. A great property management company will have a website detailing its experience, services, and more.
During your search, it's a good idea to check out customer reviews too. These are valuable if you want to see how past customers felt about a certain property manager or company.
Once you have a shortlist of a few services you could see yourself working with, connect with them and ask for references and testimonials.
Check Local Fees
Fort Lauderdale property managers may charge different prices depending on the services that they offer. Set a price limit and budget for the amount you are willing to spend.
Make sure to do your research and choose a cost structure most appropriate for the services you need. Property management fees may also fluctuate in different areas.
Vacation rental companies may charge a commission-based structure, fixed rate, or guaranteed income. Before choosing, make sure you know exactly what services are included and ask about additional costs.
Choosing the Best Vacation Rental Property Manager
The best vacation rental property manager depends on your needs and your budget. Figure out which tasks you want to outsource, complete research on local companies, and check the average fees.
PMI Matching Property is a vacation rental property management company that never overlooks the little details. With years of experience, we are equipped to handle your vacation rental needs.
Whether you need help with accounting, marketing, or visitor relations, we are here to help. Contact us today to learn more about our services.
