The Case Against Self-Renting
If you want something done right, do it yourself.
You know the old adage. Why trust someone else to do a job you could do right the first time on your own? And while the idea works in a lot of circumstances, when it comes to renting your home, going it solo doesn’t guarantee success. Truth be told, it’s a lot of work you may not have the time, energy, or patience for.
If you have an entrepreneurial spirit, self-renting your home through a company like Airbnb or VRBO might sound fun. But if you just want to make a little extra income from your property without all the extra work, consider working with a property management company. And when you work with a smaller boutique operation like Watson Resort Rentals, you’ll know your home is being managed with the care and sophistication it deserves.
With a third-party company managing your property, you’ll avoid a lot of these hassles of self-renting.
Marketing Your Home
Renting your home through a rental site or with a property management company will get your property on a website. However, renting through a company like Watson Resort Rentals ensures your home also ends up on any website that pulls from the Multiple Listing Services (MLS), including Zillow, Realtor.com, and more. Your home might even be used as a featured property in social media and blog posts, ensuring even more eyes looking its way.
Maintaining Your Home
Something break in your rental property between bookings or – even worse – during a guest’s stay? If you self-rent through one of the popular companies, getting that fixed is your responsibility. But with a property management company, that particular hassle is nonexistent. Watson Resort Rentals, for example, receives and attends to all maintenance requests from your renters, with 24/7 emergency service available.
Prepping Your Home to Rent
Figuring out improvements to make your property more appealing to renters can be difficult on your own, especially if you’re not in the industry. Before you rent with a company like Watson Resort Rentals, however, an agent will visit your home for an inspection and make recommendations about which tasks will improve your home’s appeal on the rental market. Simple as that!
Interacting with Renters
When you self-rent, you’re the primary point of contact for anyone interested in renting your property. If you’re naturally sociable, you might enjoy this! If not, you’re better off letting someone else handle all the interfacing with renters, from receiving bookings to managing guests’ needs throughout their stay. Watson Resort Rentals gladly takes care of each of these to make your experience as wonderful as possible.
Negotiating Price
Setting a fair and reasonable rental rate is one of the most critical steps of renting your property – after all, you’re trying to get paid, right? A lot of research goes into nailing a good rate for your property, like examining similar homes in the area and proximity to popular attractions. Rather than tackle that kind of in-depth analysis yourself, you can list your property through a company like Watson Resort Rentals and let the experts on their staff handle it. Not only will they determine a fair rate to list your home, they’ll also handle any rate negotiations with renters and collect payments for you.
This is just a small selection of the benefits of renting through a property management company. To find out more or to list your property for rent, head here.
Posted on 08/07/2019 in Rental Management.