There’s a lot of money to be made on your vacation rental in the St. Petersburg area, and you may be tempted to self-manage the property to save a little cash. But, with self-management, you have to spend a lot of your valuable time and money on hidden costs.
Today, we’re sharing some of the reasons you should hire a professional property manager for your vacation rental.
Details Involved in Self-Managing Your Vacation Rental
Consider some of the factors involved in managing your own property. You’ll need a successful marketing plan, which includes staging the home and taking professional photos. You’ll need to manage your listing on dozens of websites. Market research needs to be done so you have a competitive price attached to your home.
You will need to handle every reservation, which includes constant communication with each guest. Then, you will have to spend a lot of time with bookkeeping and processing payments. Be prepared to keep up with all legal requirements and changes. Your property will need to be patched up, and you have to stay on top of the upkeep. That includes yard work, cleaning, replacing broken items, and taking care of unexpected repairs. Your pool and spa need to be sparkling clean and you’ll have to respond to late night emergency calls that the Wi-Fi isn’t working.
Professional Property Management Makes More Sense
Instead of being on call 24 hours a day and seven days a week, you can let our team of experts do everything for you. At Bianchi Realty, we have been in the real estate business in St. Petersburg, Florida for over 35 years. We’re a family owned and operated business, and our number one goal is to provide consistent excellent service to our clients and our community.
If you have any other questions on what property management companies can do and or about how we can help you with your Pinellas vacation property, please don’t hesitate to contact us at Bianchi Realty.