Why should you consider working with a holiday rental property manager? Is it really worth the investment to partner with a professional, or can you go it alone and still get the same results? For many property owners, it can be all too tempting to try and cut costs as much as possible. But, while you may save a little in the short term, you might just find yourself missing out on the many advantages offered by an experienced manager who understands the holiday property market and its many intricate fluctuations.
Whether you have reached a point where you’re ready to get serious about your investment, or you want to get started on the right foot, we have put together a list of the top reasons to consider partnering with a property manager.
Top Reasons to Consider a Holiday Rental Property Manager
Not too long ago, we featured some advice on how to choose a vacation rental property manager. Today, we’re taking a look at some of the biggest advantages offered by working with one. Getting right down to it, here are the biggest benefits to working with an expert in short term rental property management.
1/ Marketing and promotion.
Sure, you could promote your property yourself. But chances are good that as a new property developer, you will not have the same level of insight, or the same access to promotional tools that a dedicated manager has. A good property manager will not only manage your property – they will also actively market it across major listing platforms. This type of pro-active approach will ensure that your occupancy rates stay high, while your overall reputation continues to grow. It will also help you discover new audiences that you may not have previously considered, further aiding your success.
2/ Maximised occupancy rates.
While we’re on the topic of occupancy rates, these will also be managed to ensure that your property is consistently booked over the course of the year. Doing it alone during a busy summer season in Cape Town is one thing. You may find it a lot harder to keep your property booked when winter comes around however. A smart holiday rental property manager knows how to keep your calendars managed so that you have one less thing to worry about. From a practical point of view, this also takes off a lot of admin, leaving you free to focus on your day to day work without the added stress of juggling bookings and calendars.
3/ Professional concierge.
Another benefit of outsourcing your property rental management is that it gives you access to special guest services such as concierge. A good manager will actively market and manage your property as though it was a high-end hotel. Guests are catered to from the moment of booking until the final check-out, with welcome packs, concierge and a host of other services included to enhance each stay. This helps to establish your reputation as a super host. It also increases the chance of a glowing review, as well as repeat bookings.
4/ Fully managed approach.
Something that few owners consider when deciding to rent out their property to guests is that the short term market is heavily focused on hospitality. Guests expect your property to be clean, uncluttered and welcoming. That means regular housekeeping and laundry, top quality appliances and equipment and basic maintenance that keeps guests safe and comfortable during their stay. A dedicated holiday rental property manager will take care of the day to day running of your property, giving you full peace of mind.
5/ Strategies and growth potential.
Last, but not least, one of the top reasons to get help from an expert is that they have the knowledge, experience and understanding to help you succeed. Strategies can be developed according to best practices, area, accommodation type and many other factors. Your growth potential can be greatly increased with the right help, making this one of the most important benefits by far.
Interested in learning more about working with an experienced holiday rental property manager? Contact Totalstay today and let us know what we can do to help you get started.