Property management companies not only benefit the homeowners with their vacation property maintenance services, they benefit the potential vacationers as well. Booking through a property management company adds accountability and a set of standards that are lacking in their to the horror story counterparts of vacation home rentals gone wrong.
Purchasing rental property is a smart investment and can be a significant source of residual income for property owners. However, property management can be an enormous undertaking that requires a great deal of time and effort.
Let’s talk about the most irksome problem for property managers and renters to deal with, bedbugs. Bedbugs are most prevalent in apartment and condominium buildings which means that property managers need to familiarize themselves with how to navigate this issue.
What trends does 2017 bring for landlords? Rental rates are rising and vacancy rates are low. This is great news for landlords, higher market rental rates will bring a higher return on investments which can then be used to upgrade properties, or reinvest. Lower vacancy rates will reduce the turnaround time to fill a property between tenants.