How to Pick the Best Airbnb Property Management Company

A large building is surrounded by snow and trees.

How to Pick the Best Airbnb Property Management Company, CA

Not every Airbnb Vacation Rental Management Company in Mammoth Lakes willis going to deliver the same results. It can be a tough and very difficult industry to operate in, and even some of the more well-intentioned property managers might be unable to help you properly navigate Mammoth Lakes today’s dynamic rental market. 

With all the different rental platforms to choose from, are you willing to navigate the complexities of Airbnb and VRBO rental management in addition to handling maintenance companies, cleaning services, plus much more? 

Choose Someone Who Understands Mammoth Lakes & The Lack of Available Vendors

You should always value local experience and expertise above all else. You want a property manager who is a local expert when you are trying to evaluate the local rates of local neighborhoods, figure out the optimal places to advertise, and be certain you are acting according to the local and state codes and landlord and tenant laws. Let’s face it, operating a rental in a mountain town like Mammoth Lakes, June, or any other mountainous region can be more difficult than in a big city. We often struggle to find home cleaners, electricians, plumbers, and many more home contractors who would be readily available in other areas vs our local area. So having a company that knows people as well as the local area is key to successful property management. 

Competitive Pricing

You want to hire a property manager that offers competitive pricing without hidden fees. Hiring a property manager based on price alone is likely to end up costing you when it comes to having heftier maintenance fees, dealing with legal trouble, and various other costly mistakes they might make. While it might be tempting to save money on your property manager, it can be extremely frivolous compared to the cost you would have to endure from the lack of experience or qualifications. Hiring the right property manager sometimes means paying more for better quality and better returns over the long haul.

 

airbnb rental marketing services

 

Strong Marketing Strategy

You want to ensure that you are hiring a property manager who has a good plan of attack for advertising your property. You want to hire someone strong in this area because it can determine the kind of results you can get. In today’s market, achieving fast results can be determined by the strength of your advertising and marketing efforts. Thus, you want to be certain they have a strong and comprehensive one in place.

Cost-Conscious Maintenance

A lot of the smaller property management companies do not have the same clout to demand significant discounts from vendors. However, maintenance is one of the most essential parts of managing a property, and constantly paying retail prices can drive up maintenance costs considerably. The company you hire should never be forced to pay the market price and any savings they can get from the maintenance should be passed directly to you. Along with this, a professional manager should always be looking for ways to prevent maintenance issues, to begin with. Therefore, they should have a strategy in place to provide cost-effective repairs to avoid large-scale maintenance issues keep tenants satisfied, and avoid costly vacancies.

Constant Reporting & Updates

You want to figure out whether the property manager is going to be providing around-the-clock reporting on everything from accounting to rent to maintenance. You want to see what kind of access you will have to these reports, as well.

Fast Owner Disbursements

You want to figure out how quickly you will have access to any of your rent payments. Ask whether a direct deposit is an option.

Experience

Experience in dealing with the various complexities of property management is key. Residential property management is a very difficult and complex industry that requires managers to have a wide range of experience and skills in a variety of areas including advertising, marketing, leasing, maintenance, collections, accounting, inspections, and legal. Because of this, a lot of the smaller property management companies will not have access to the kind of resources each of these areas require.

Accounting Support

You want the property management company to offer cleared monthly financial statements, annual tax documentation, and a centralized place for accounting.

Legal and Regulatory Compliance

Figure out if the property management company has the requisite attorney on staff. That way, you will be certain they are aware of the local and state codes/laws that will have an impact on you as a property owner. You also want to ensure they have experience with handling evictions and collections. Understanding TOT compliance is a must for getting any property listed legally. From smoke alarms to heater management, having a company that understands the complexities of TOT compliance is a must. 

Do you need a company to handle your Mammoth Lakes rental property? Call us today to learn more about how we can better serve you. 

Leave a Reply

Testimonials
Subsribe to our news

Integer posuere erat a ante venenatis dapibus posuere velit aliquet sites ulla vitae elit libero 



Related Posts