How to manage your vacation home
You’ve just purchased a vacation home – now what? Who’s going to manage your vacation home and how?
There are a handful of vacation rental management styles, like self-managing, conventional property managers and management groups – all with different pros and cons. Most homeowners decide to self-manage, which works nicely for those who have time to dedicate to their vacation rental. For others, some circumstances don’t allow for self-management such as living in a different state or city.
Vacation rental management may seem like a defined list of tasks, starting at arranging bookings and ending at coordinating maintenance. Although these are definitely components to it, there are many other elements to consider.
So, what all does vacation rental management entail? Let’s take a detailed look and break it down into a few categories. After, we’ll review the different vacation rental management options so you can decide which is right for you and your property.