Buying a Vacation Rental Home on Oahu Hawaii – Part 10

Posted on Thursday, August 11th, 2011 at 10:57am.

Buying a Vacation Rental Home on Oahu Hawaii – Part 10

Since the vast majority of the vacation home property owners use a Vacation Rental Management Company instead of doing it themselves, we’ll turn our remaining attention to several topics including “Using a Vacation Rental Management Company”, “How To Choose a Rental Property Manager”, “7 Things Owners Should Know About Property Management” and more.
According to an article found on Start Up Vacation Rental Owners online site, www.startupvrowner.com, the following issues were addressed:

Vacation Rental Managers

If you own one or many vacation rental homes but you’re not a do-it-yourself kind of person; you’re in luck because there are hundreds of rental management companies that are very capable. Vacation rental property management companies take care of nearly everything! However, the one very important job that you have is finding the rental management company that best suits you and your management style needs! The VRBO business information on this page will help you do just that.

What to look for in a vacation rental property manager:

You will need to find a vacation rental property management company that you trust; after all, you are giving them access to your investment! Finding a company that you trust will take some time with interviewing and research but keep in mind that you are looking for a management company that you can trust and one that you feel fits your style and needs. If I were looking for a vacation rental property management company I would personally be looking for one that will provide the same level of service that I would expect to get if I were the guest!

Where to start:

If you were to get on the internet and search you would find that there are hundreds, if not thousands, of vacation rental property management companies and many specific to your area. But there is one source that makes it all a little easier to sort through!

The VRMA (Vacation Rental Managers Association) www.vrma.com is a great place to start. VRMA represents over 600 property management and associate members in the U.S. The site not only provides a list of accredited management companies but they also provide industry news, stats, upcoming events and plenty of vacation rental info.

Other reputable organizations to check with are your local chamber of commerce and the Better Business Bureau.

Get to know the company:

In the beginning stages be sure to find out how long they have been in business, what kind of a reputation they have, and be sure to find References and accreditations. One of the best ways to get a feel for the company is by speaking to some current vacation rental home owners managed by that company and asking them your concerns and questions. Getting to know your management team is the key to success in the Vacation Rental Industry.

Read Buying a Vacation Rental Home on Oahu Hawaii – Parts 1-9

 

 

 

Mahalo For Reading.

Print

Leave a Comment