One of the most enjoyable pleasures and privileges in life is to be able to relax and enjoy a vacation home. Whether you are on the coast, tucked away in the mountains or in the south where the sun always shines, a vacation home is a luxury that is hard to beat.
For many owners, the luxury can be outweighed by the hassles that come with owning an additional property. You may only be able to use your vacation home for a few weeks out of the year and that can become an expensive issue. One of the most popular ways to get a decent return on your vacation investment is to rent it out to other travellers when you are not using it.
Why let a lovely property sit unused and racking up the bills when you can’t be in the home? Having non-permanent tenants can be a great way to mitigate the expenses that come with owning a second property. Companies like On Q Property Management are the ideal solution for owners that would like to make a profit from renting out their vacation home. A professional management company is able to handle all of the details and coordination while you sit back and reap the rewards. Take a look at some of the fantastic benefits that a management company can provide for you this vacation season.
Finding Great Tenants
Instead of going through countless rental applications and credit checks, your property management firm will take care of putting reliable tenants in your property. They will do all of the legwork of advertising, vetting applications and setting up a workable rental schedule for you. You will feel secure in the knowledge that your home is in good hands.
Never Worry About Collecting Rent
Give up the hassle that comes with requesting and receiving payment for your rental reservations. All fees, rental costs and deposits will be handled for you and deposited directly into your account. Any refunds or money issues will be handled with minimal fuss by your management team.
No More Maintenance
It can be difficult to try to coordinate proper maintenance on a property that you are not living in. With a property management firm, all your worries will be taken care of. They handle things like home cleaning after the end of each tenants stay, outdoor lawn and garden maintenance as well as preparation for new guests. This will all be organized and taken care of for you. If there are any repairs or maintenance requests made by tenants your management firm will make the necessary arrangements to have contractors hired.
Less Paperwork
Using your vacation home as a rental property can produce a lot of time consuming paperwork. Your property management team will take on most of the clerical duties for you. Rental agreements, complaints or grievances, vendor contracts and utility arrangements can all be handled with no effort from you. Compliance issues with your HOA or City Bylaws can also be taken care of. That leaves you with time to enjoy your property without the fuss!
