Did you know that the Florida Keys has over 5 million visitors per year?
Key West is a prime holiday destination. Many people come down to escape harsh winters or enjoy a week at the beach the area. This has given the Keys a booming short-term rental business.
Owning a Key West short-term rental home is alluring, however managing can be burdensome. This is increasingly true if you live off-island. especially for those who live off-island. Invest in a property management professional to help manage your property.
Although the area is profitable, without the help of an expert it will not be a passive stream of income. Keep reading to learn more about the advantages of hiring a short term rental company.
Maximizing Occupancy
Property management professionals are well-versed in marketing and advertising. They will enlist these tactics to target potential guests. By investing in marketing, they can grow your occupancy rate and increase a property's profitability.
Screening and Communication
Dealing with guest queries, reservations, and check-ins takes ongoing attention. Property management businesses all communication with visitors.
Using a management company for contact ensures that visitors have:
- quick and accurate answers to their questions
- smooth check-in and check-out experiences
- an outlet for any complaints
This level of service increases guest happiness and favorable feedback.
Short-Term Rental Maintenance
It is critical to keep a rental property in excellent shape in order to attract repeat guests. Property managers are tasked with overseeing:
- regular cleaning
- maintenance
- repairs
They need to adequately care for the space to keep it habitable and welcoming for guests.
Give Recommendations
Managers should prioritize customer experience to maintain great ratings. Property managers have excellent insights on local attractions.
Because of their proximity to the rental property they can help create a guide to heighten the guest experience. The ability to give clear directions and make recommendations can help make a one-time renter a repeating customer.
Regulatory Compliance
Short term rental legislation can be complicated. Property management businesses have a team of legal experts to help them stay up to date on local laws and regulations. This ensures that your property meets licensing, permitting, and taxation requirements.
Time and Stress
Managing a short term rental property takes a significant amount of time and effort. Property owners who live off-island may be restricted by time or access. If you have other commitments that are keeping you from going down and resetting the space you will loose out on income.
Enlisting the aid of property managers allows this to become a more passive stream of income. Unexpected problems, such as appliance breakdowns or guest issues, might occur at any time. Property managers are well-equipped to deal with situations. They work to reduce disturbances and ensure that guests enjoy a pleasant stay.
Is Short Term Property Management Right for You?
Short term property management companies maximize your returns and minimize stress. Management companies let you capitalize on the island's thriving short-term rental market. This is done without bogging you down with a never ending cycle of maintenance and cleaning.
The benefits of short term property management in Key West go beyond monetary gain. Working with a property management company gives you the peace of mind that your assets are cared for. Contact our team at Key West Vacation Rental Management to get started today.
