Using Miami Beach Property Management for Vacation Rentals

miami beach property management

If you have a home you are thinking about using as a vacation rental, using a full service property management Miami relies on will result in the best experience. When done properly with the right company, renting out your home can be an excellent way to make extra money.

Location, Location, Location

Like any other business opportunity, success with vacation rentals often depends on where the home is located. A company specializing in rental luxury property management Miami relies on should have a comprehensive knowledge of the real estate market and rental vacation home trends at that location.

Ask residential property management companies Miami trust when and how the seasons run in the area, and what kinds of homes have had the best success for rental vacation homes.

Miami Beach Property Management Contract Terms, Fees

When hiring a Miami Beach property management company to handle the management of your vacation rental property, make sure you understand the contract terms and the fees you will incur. Some contracts will include clauses to get out of long-term deals based on specific unacceptable service performance.

What is Included in Contract Terms?

A broad range of services are performed by residential property management companies Miami relies on to handle their vacation rental properties and you will be paying a lot of money for those services.

Services that are covered by many companies specializing in rental property management Miami FL trusts may include:

  • Handling guest issues
  • Marketing and promotions
  • Observe marketing trends
  • Professional property photography
  • Property walkthroughs
  • Updating the listing
  • Writing the listing

The more service fees the management company covers, the better, of course, but you may need to weigh the costs against the services you will be getting to see which combination works best for your particular situation.

Marketing Rental Vacation Properties

The marketing of your rental vacation property is as important as any other service property management company can provide. The property must be listed on third-party online listing sites like Airbnb and HomeAway. Some property management companies will list your rental on their website only, which will not generate nearly as many views as sites dedicated to residential vacation rental listings.

Communication is Key

Find out how often you can expect updates and status reports. Ask them how they handle damage and accidents, and the proper documentation procedures. The best property managers will provide post-stay reports after every guest leaves, and thoroughly documents accidents and other issues that come up.

Asking to speak with former owners and current clients will enable you to get a complete story of the property management’s way of doing business. Managers who will not allow you to speak to those who they do business with are suspect. Those that are open with the flow of information and are good at communicating are typically the most reliable and effective property management companies.

Full Service Property Management Miami Trusts

Get the most out of your vacation rental property by speaking to the full service property management Miami trusts. Contact the property management professionals at GIC Asset Management for complete information on the best ways to put your residential property up for vacation rental opportunities.