6 Reasons to Hire a Property Management Company for Your Scottsdale Vacation Rental
Owning a vacation rental is an exceptional source of extra income. However, it does require its fair share of work, time, and commitment — so much so that it can often feel like a second job!
Though it might be more cost-effective to manage your own rental properties, most property owners expend too much time, effort, and stress on time-consuming tasks that can easily be outsourced to a property management company.
In this post, we’ll explain why hiring a local property manager is a smart move if you want your rental property in Scottsdale, AZ, to generate more revenue — while allowing you more freedom to do the things you love!
How Can A Local Property Manager Help You?
Instead of taking a “do-it-yourself” approach to vacation rental management, discover why hiring local property management companies — like Stay With Style Scottsdale — is a smart move.
1. Marketing Your Property
Property managers are experts at vacation rental marketing and advertising your property on the right platforms — like Airbnb, Vrbo, and Booking.com. The best property managers will also have a website for direct bookings to eliminate pass-through platform fees.
They’ll also take professional photos of your property, craft a compelling listing description, and manage inquiries on these platforms. A good management company makes you look good online, so guests will want to book your property!
2. Maximizing Monthly Income
Chances are, if you own a vacation rental, you have one goal — to make money! Fortunately, property management companies are experts at completing a thorough market study to set the right rental price for your property.
A good property manager will know how to adjust the price of your property during peak seasons to help you make extra money, and they can help you optimize your property’s furnishings and amenities to maximize your income. They’ll also manage billing and payment collection, so you won’t have to worry about tracking down guests or keeping a record of payments — you’ll just receive payments each month of income generated from your rental property!
3. Managing Guests
Though the tenant screening process looks a little different with short-term rentals than with long-term rentals — it’s still important to vet guests and ensure they’ll respect your property during their stay. It’s also essential to do everything you can to make their visit smooth, seamless, and memorable!
A professional property manager is an expert at communicating with guests and ensuring guest satisfaction. Most property managers will make themselves available to guests if they need anything before or after their stay, and they’ll visit the property before guests arrive to ensure everything is in tip-top condition. Even if you’re a thousand miles away from your property — when you hire a property manager, you’ll still be able to “greet” your guests through their friendly and attentive service.
4. Managing Vendor Relationships
One of the biggest benefits of hiring a property management company is that all the necessary maintenance projects, routine inspections, and general upkeep will be taken care of for you.
A professional property manager will handle laundry, cleaning, pest control, security, trash removal, and other services to keep your property running smoothly. They will also schedule maintenance workers to address maintenance issues and will be there to help guests with late-night emergencies.
5. Eliminating Legal Headaches
There are lots of legal hoops to jump through when you own a vacation rental. Unless you’re a legal expert, you’ll always experience fewer complications by deferring to the expertise of a professional property manager. They can help you ensure you’re abiding by local, state, and federal regulations.
A property manager will submit all required documents and taxes on your behalf and keep your property up-to-date to avoid potential lawsuits. Overall, hiring a property manager to handle this aspect of owning a vacation rental alone is absolutely worthwhile.
6. Establishing Local Relationships
Hiring a property manager with local real estate knowledge offers a huge advantage over hiring a large global property management company like Vacasa.
Local property management companies are not only familiar with the local area (which is a considerable benefit for guests — they can recommend restaurants, coffee shops, and other things to do nearby), but they’re generally smaller, so they can offer more personalized service to accommodate your needs.
Hire a Property Manager You Can Count on for Your Scottsdale Vacation Rental
If you’re looking for a property manager in Scottsdale, Arizona, to take care of all the details for your vacation rental property so you can enjoy more freedom to do the things you love — look no further than Stay With Style Scottsdale!
We are a local property management company that manages a boutique collection of luxury properties in Scottsdale, Arizona. We’re proud to go above and beyond for our guests and owners to provide a trustworthy, efficient vacation rental management service that will help you maximize your investment in your rental property.
Curious about what it looks like to manage your property with us? Learn more about our comprehensive property management services, and get in touch with us to get started!