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With the rapid growth in popularity of short term vacation rental properties, property management companies have increased just as steadily. Property management companies can add value to your rental property, in addition to providing many other benefits, overall making it worth the minor investment.
Having a property management company comes with many amenities, including higher quality short term tenants, thanks to the ability to implement screening processes and rules or guidelines that your guests will need to follow. Property management companies can also assists with shortening the amount of time your rental is vacant. They do this often with three different approaches.
First of all, a management company can typically make adjustments to the preparation and presentation of the property. Second of all, property management companies can assist with choosing the appropriate rent rate for your vacation rental. This often entails comparing similar properties in the area, the amenities the properties offer, the demand for those types of properties, and much more. Third of all, having a property management company increases your marketability, therefore increasing your exposure and chances for success.
In addition to the monetary benefits utilizing a property management company provides, there are many personal benefits for property hosts. Hosting a property through a management company means less stress for the owner. You do not have to deal with directly with your short-term renters, leaving you less worried about late night emergencies, missing payment, or property damage. Using a property management company also gives you more flexibility, more freedom, and more time, allowing you to live your life how you want to.
Now, there are many options for where to host, or post, your property. VRBO, or Vacation Rentals by Owner, offers flexibility for their hosts. As a VRBO host, you have the ability to set the price of your vacation rental property, as well as which specific dates it is available, rules guests must adhere to, and more. VRBO prides itself on providing hosts with the tools they need to have control over their property.
VRBO offers exposure across a global network of travelers who might be searching for a home like yours to stay in on their vacation. With properties in 190 countries, and millions of travelers, VRBO, though not as big of a name as Airbnb, boasts an impressive market. On top of everything, VRBO property management offers peace of mind for both hosts and guests with a Book with Confidence Guarantee and a 24/7 support team.
VRBO vacation rentals are a great way for property owners to earn extra income while utilizing a vacation home they already own. Instead of leaving the property empty and abandoned for months on end while not in use, the vacation rental pros at VRBO can instantly transform it into a revenue opportunity and is also beneficial for those traveling into the area.
In addition to all of the other factors, where your property is located helps determine its success as well. Breckenridge makes for an ideal place to host a vacation rental property for numerous reasons. One of the biggest attractions in Breckenridge is of course, the world-class skiing at Breckenridge Ski Resort. On top of that, however, the town boasts Colorado’s largest historic district, and is home to several historic landmarks and buildings. Main Street in Breckenridge looks very similar to how it did years ago, keeping the quaint charm intact, and providing many historical shops that draw visitors in. There are also museums, and a summer attraction, making Breckenridge a perfect destination year round.