Once you have a short-term rental property in your portfolio, you might be tempted to manage it yourself. However, if you want to maximize your profits, you should definitely hire a property management company. This way, they take care of everything for you, leaving you free to focus on other aspects of your business.
But when you consider this option, remember that the short-term property management companies in Dubai don’t come cheap. Hiring a company is a wise investment, particularly if you’re a first timer. That being said, there are a few things to keep in mind when you’re hiring a short-term property management company such as it must have a good track record.
Here is all you need to know to understand the value of hiring a property manager or a management company for your short term rental property.
When your property is managed by a professional, you can spend more time on other aspects of your business. This is a win-win situation for everyone involved. Not only does this allow you to scale your business, but it also gives you the opportunity to use premium marketing tools. This is a great way to reach the target market and create brand awareness at the same time, which will translate into higher rental income for you.
Professional housekeeping services
Professional property managers ensure that your property is well maintained and operating at peak performance by making repairs and minor renovations as needed. They also provide additional services, such as cleaning services, housekeeping services and laundry services. Once on-board, the property manager will attend and handle all guests’ needs.
Understanding marketing trends
Property managers are well-versed about the local market trends and current happenings. They know how much a home you can value a short-let property, without overpricing it. Moreover, they utilize multiple channels to reach the audiences and write compelling listing descriptions that can attract the audience.
Professional cleaning & Fit-outs
The short-let property managers work with professional housekeepers, handymen and plumbers to keep the property sparkling-clean before and after every guest’s stay. They do not just clean the place but manage the property fit-out as well including fresh coat of paint, necessary appliances, and premium toiletries and retouching.
Besides these apparent advantages, hiring a property manager can help you maintain your privacy, collect the rental fees, deal with the guests’ complains and guest screening to the most. Therefore, even if hiring a short-let property manager can add more to your budget but it helps you gain several advantages.