Property Management Explosion

My wife and I like renting a house when we go away with our son.  Its more affordable than renting a hotel room in many cases and you can prepare your own food and do laundry making it even more affordable than a standard stay at a hotel.  The short term rental of houses is a booming and growing segment of property management – think HomeAway or Air BnB.  Helping people to manage a 2nd house that can produce income for them is a very beneficial service.

This segment of property management has its challenges though – you have to go to the property more often to check if cleaners did their job and the place is ready for the next renter.  You often have to meet renters at the property at the start or end of the stay – although i have seen key boxes and cleaners suffice to let renters in and then check on any damage.  This is much more intense than managing rentals where someone is in the house for a year.

It really depends on your location if this is in demand and if you are interested in this segment of property management.  Good Luck!

 

Published on January 26, 2018 in Property Management

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