When it comes to owning Orlando vacation homes, hiring a professional property management company is a sure fire way of making sure that your vacation home stays in good shape throughout the year.
Property management companies take care of Orlando vacation homes so that owners don’t need to worry about maintenance or handling unpleasant tenants. But, with so many options out there it can get quite difficult to choose the right one. The following are some things to look out for when finding a property management company for your vacation home in Florida.
Where to Start?
A property management company performs services such as, maintenance and the general upkeep of your vacation home. This also includes the marketing your vacation home to rentals so that the owner is able to offset some of the costs.
These management companies range in size from the large ones with hundreds of properties in their inventory to the smaller, Mom and Pop establishments which are just as good, provided you hook up with the right one. Regarding to what it is you want, each has something to offer.
While a large property management company can efficiently handle all issues including maintenance and the marketing aspects of your vacation home, the smaller companies can offer a more personal touch when it comes to the upkeep of your property.
How Much Does a Management Company Charge?
A vacation home owner can expect to pay a monthly fee for the maintenance, pool cleaning and administration services of the management company. This will also include having to pay more for other services such as, lawn maintenance, and pest control. A homeowner’s reserve is what the owner pays to the management company for the maintenance and payment of the monthly utility bills of the vacation home.
What to Go For?
No matter which way you go, making sure that the management company is a member of the Central Florida Property Manager’s Association should be the first thing on your to-do list.
What If a Guest Damages the Vacation Home?
This is a valid question and a common concern of many vacation home owners in Orlando, Florida who decide to rent out their properties when not in use.
While the almost certain ‘wear and tear’ damages such as, an accidental scratch on your countertop is acceptable, there are those instances where your vacation home will be damaged due to the recklessness of the renter.
Having the services of a property management company means that there will always be someone who is sent to the property to inspect it after the guests leave. And that’s not all, if there is evidence of any deliberate malicious action on the part of the renters, the management company is able to deduct money from the tenant’s card swipe or security deposit they gave during check-in.
Vacation home management companies also have their own standard guidelines when it comes to missing items also so you might want to read the fine print before hiring the services of a management company for your Orlando vacation homes.