Imagine sitting back, enjoying a sunset with your favorite drink in hand, not a worry in the world. Meanwhile, your short-term rental property in Ellicott continues putting money in your pocket. With help from a short-term property management company, it's possible!
There are hundreds of companies to choose from, though. Before you start searching, it helps to know what to look for!
Here are the top traits to consider when vetting companies. Start searching for a property manager today!
Location
There are 290,600 property management companies in the US, but not every team has experience in Ellicott City, MD. Before reviewing your options, narrow your search down. Determine how many companies are located in Ellicott City.
Finding a team with local experience can give you a competitive advantage. These teams will understand local real estate trends, laws, and regulations. Understanding these trends can benefit your property marketing strategy.
Experience
The property management industry is continuously growing, with new companies entering the industry annually. Determine how long each company has worked in the industry. An experienced team is less likely to make mistakes.
Leverage their short-term property management company experience. Your property manager will apply tested, effective tactics to your benefit.
Ask if you'll work with a dedicated property manager. Learn more about their training, experience, and credentials. Their credentials will confirm they have expertise that aligns with your needs.
Services
Determine which short-term property management company services. For example, you may need help with:
- Accounting
- Marketing
- Cleanings and inspections
- Maintenance and repairs
- Automation
- Coordinating bookings
Look for full-service asset management companies that specialize in short-term rentals. You won't have to hire more than one company to meet your needs. For example, how will they optimize your rental occupancy rate?
Ask each company about the tools and technology they use. Their state-of-the-art technology could save you money in the long run.
If a company doesn't offer comprehensive services, keep searching. Try to find companies that will customize their services. These teams care about their customers.
Review each company's short-term property management company fees. Comparing prices will help you determine the average.
Reputation
Reach online client reviews for each company on your list. You can also ask friends for short-term property management company referrals. Find a company with a glowing, established reputation.
These companies will work hard to maintain their well-earned reputations. They'll offer the best services and meet higher industry standards.
Review the negative comments you find. Avoid companies that fail to communicate with their clients.
On average, 19% of reviews a business receives are negative. Don't avoid a company due to one negative review. Instead, look for a pattern of similar complaints.
Find Your Short-Term Property Management Company
Don't choose the first short-term property management company you find. Instead, consider these factors during your search. Find a company you can trust with your Ellicott rental properties.
Want to streamline your search? PMI Old Line has nearly 20 years of industry experience.
Rely on our record of success helping property owners like you. Contact us today to start utilizing our services!
