Having a home and dedicating it to vacation rental is not an easy task. There are many hours, money and energy that must be invested in them to get the best return. That is why many will ask, is it really worth it?
At the time and situation in which we find ourselves, the tourism industry is not at the peak of its activity. However, the vacation rental sector is now more strengthened than any other type of accommodation, because in addition to the fact that many of the hotels are still closed, there is a new trend: guests prefer independence and spaces that are not shared.
If you were thinking of converting your property into a vacation home, this may be the right time. There are many questions that may come to mind: how to start or if it is necessary to have a vacation rental manager, and in this article we will try to give you an answer.
What is a vacation rental manager?
In order to make a good decision we first have to understand the concepts. A vacation rental manager are companies that offer different services in relation to the management of the home. From reservations or communication with guests, to advice and analysis to improve profitability and maximize revenue.
Those who are dedicated to renting vacation homes have a lot of previous experience in the real estate sector, so they can guarantee the security of the operations and take care of all the paperwork and negotiations.
What are the benefits of entrusting the management of your property to a vacation rental manager?
At the moment of truth, what you really want to know are the benefits that as an owner you can entrust the management of your property to a vacation rental manager.
First and foremost, a good company that is dedicated to the real estate sector will make you get profitable from your accommodation as soon as possible. Thanks to his experience and the quality of his management, he will use the appropriate tools and strategies to monetize your property as soon as possible.
Second, time. A vacation home needs great dedication and investing a lot of time in it is essential. That is why if you like to enjoy free time, the most appropriate option would be not to manage your property yourself, and in this way save the so-called “most precious asset in the world”.
Third, the reputation that the company can give your property. Good management and customer service will make the accommodation score on the different portals go up and, therefore, stand out from the rest. This translates into greater visibility and reach, which can attract potential guests.
Fourth and last, but not least, safety. When it comes to making procedures, operations and reservations, and also thanks to the different tools used, payments and data transactions will be much more secure.
What are the aspects in which I must pay attention to know if I am trusting in a good company?
There are several aspects to take into account to know if the company to which you are thinking of leaving the management of your property for the vacation rental is the correct one. Here are some keys that, from our point of view, are the most important:
- How is the ad managed? It is necessary to know if the ad will always be the same or if it will be changed according to the season or the target audience, will it be in several languages?
- What are the sales channels used? Their quality is important and being present on different portals will make your ad more visible and therefore can reach future customers.
- Are additional services offered for guests? It all adds up and creating a good impression on guests is necessary. That they feel at home, or even better, must be paramount. Do you do airport pick-up, excursions or breakfast packs?
- Prices and calendars, how are they managed? It is necessary to take into account the type of rates they offer, if it is done per full night or per number of people, do they ensure a minimum billing? On the other hand, do they rent at the same price on the different portals?
- Do they make use of digital tools? Today it is necessary to have the appropriate tools to facilitate the experience for customers, such as electronic locks so that they can enter after hours. On the other hand, do you use some to facilitate management? As a channel manager to centralize reservations, upselling to increase income with sales of other services or an own website to book directly.
- Is there personalized attention to guests and is there communication with them? The comfort of the guests and the facilities offered to them are key points that will differentiate your property from the others. What information is obtained from them, are they served in their language, does it take them time to respond and are comments answered?
- Do you have professional cleaning? In these times, disinfection is one of the services most looked at by guests. That is why it is necessary to have a professional cleaning company in order to guarantee the safety of the accommodation.
In short, should I hire a manager?
As you have seen throughout the article, if you are looking to save time, money and get profitability as soon as possible, hiring a vacation rental manager is the step you should take.
However, we recommend that you inform yourself in depth about the company you are going to trust and that you take into account all the points that we have mentioned above. A vacation home needs great dedication and the best professionals behind it.
Do you want us to help you? Contact us.
(+34) 623 27 56 68
(+34) 822 69 10 25