Why you need a rental management company ?
1. Save time and money
Let’s see an example with the host A and the host B.
Host A firmly believes that if you want something done, do it yourself. So, he spends 10 to 20 hours a week managing his apartment and he gets $2,507 at the end of the month.
As for host B, who owns the same looking property, he sees things differently. For him, he believes that the time he could spend working in the short term rental is worth more than the commission paid to a short-term rental manager.
For this reason, he decides to pay a professional to do the work for him and gets 10 to 20 hours a week to put in another projects. In the end, the manager applies his knowledge to obtain $ 2,879 at the end of the month. After a commission of 15%, the real estate investor earns $2,447 without having to raise a finger.
In sum, you have to calculate what is more profitable for your lifestyle. Some homeowners love to greet customers and do the management themselves.
2. Benefit from the knowledge of a professional
By hiring a short-term rental professional, you have a competitive advantage because you do not have to go through the curve of learning, improvement, and refinement. Your listing starts or is quickly optimized to compete with the best in the market.
If you have other occupations, a property manager will save you time and bring you more income.
3. Take advantage of your real estate network
By doing business with a property management company, you have contacts for a maintenance man, a plumber, an electrician, a housekeeping staff and landscapers.
When a problem arises, it is no longer necessary to start shopping on the web to find a reliable technician. At Cozyhosts we are here to support you!