You’ve thought about it for years and finally decided that now is the time to invest in a property to be used as a vacation rental. You’re not getting any younger and that 401K you have through work will help, but you know it won’t be enough to keep you living in the style you’ve become used to. No one wants to have to scrimp and save throughout their golden years, and a vacation rental pays for itself as it earns you extra money, especially as you were wise enough to purchase one in St. Augustine, a mecca for vacationers.
The only down side is you live far away and there is a lot of work involved in owning a vacation rental, and you’re really not quite sure how to entice visitors to your vacation home, which makes it difficult for the home to pay for itself or earn you extra money. Well, there is no need to fear, we have the perfect solution for you: The Ocean Gallery home property management company.
What Is a Home Property Management Company?
Professional property management companies perform a variety of services for vacation rentals like yours and long term rentals that you may be considering investing in as well. For a fee and a percentage of the rental income, a property management company will prepare your property for photographs, advertise your property, screen potential tenants, take in the money, and take care of upkeep and maintenance—including those 3 o’clock in the morning emergency calls that you are too far away to be able to do anything about anyway! Tax reports will be prepared, housekeeping and landscaping services will be ordered, and all you have to do is sit back and watch your bank account grow. Using a property management company takes away all the hassle of renting your home!
Are All Property Management Companies the Same?
That’s a great question, and the short answer is no. The services offered and provided will vary from company to company, as will costs, experience, and enthusiasm. Some property management companies are in to see how much they can make, charging fees for everything from taking pictures of the property to referral fees for housekeeping and landscaping companies. Others may not have the experience to understand what rental prices should be charged, charging too high in some cases, chasing away prospective tenants, and too low in others, keeping your property from earning its maximum potential.
The Ocean Gallery
We understand that there are a lot of choices out there and it can be a bit overwhelming. Schedule an appointment with us today and learn about using a property management company to improve your rental earnings. We will discuss all the things we do to ensure that you succeed!