Top 5 Benefits of Having a Property Manager

A second home is precious to their homeowners for many reasons: it may be a part of their inheritance, their holiday home or even a stable source of income. But when it comes to renting out a second home, one has to admit that it comes with several time-consuming tasks. 

Maintenance, finding quality guests, rent collection, legal formalities, optimising rental income…all of these might as well be a full-time job for a homeowner! But this is where a property manager comes in handy.

Entrusting your second home to a property manager means putting it under professional care

So read on as we list the top 5 benefits of having a property manager for your second home!

1. Ease of mind and safety

The number one concern of any homeowner is the safety of the property. 

Whether it is to rent out or just handing over their second home for management, safety is undeniably the biggest reason why homeowners remain apprehensive of entrusting their beloved home to someone other than themselves. 

But a property manager comes with a lot of experience in the industry, along with the right professional tools and even a full property management and rental service company. They are, therefore, able to ensure the total safety of your property with pre-assured benefits like professional contracts, damage insurance, tenant screening at the time of booking and property inspection!

2. Maximising rental income potential 

Since a property manager is attuned to the needs of not only the homeowners but also the guests, they can make invaluable recommendations. From advising on the ideal furnishings to desirable amenities that the guests look for in a holiday rental, a property manager is skilled to unlock the full income earning potential of your property whether it's a villa or a cosy studio! 

Moreover, with a professional company behind them, the property managers also have all the necessary marketing tools to advertise your property and maximise its booking potential. So, instead of listing your property on a few popular websites, property managers can actually enlist your second home with professional descriptions and photos on multiple international websites and also handle bookings that come in from any of them. In fact, multiple property listing is one of the main differences between online travel portals like Airbnb and property management companies like Happy.Rentals!

Happy.Rentals lists your properties on multiple international holiday rental and travel websites

Once a long, trusting relationship is established between the manager and the homeowner, the property manager can even help you increase your holiday rental business by advising on important aspects such as property investment and optimal rental pricing based on seasonality.  

3. Crisis Management 

It can be tough to find guests for holiday rentals all on your own and even tougher to manage the emergencies that might arise during their stay at your home. 

A property manager is always available locally to take care of everything and to resolve crises as and when they arise. On the other hand, a homeowner might not always be available to take care of a situation in which, for example, the air-conditioning has stopped working during a guest’s stay. However, since a property manager is always around to ensure excellent service, they can solve everything right away!

4. Rental Fee Collection and other formalities

Collecting the rental fee can be daunting, especially if you have had a tenant with bad payment history. In such cases, the whole experience of holiday rentals can feel more like a nightmare than a dream of earning a carefree income. 

Hiring a property manager with a good property management company behind them removes the hassle of rent collection. With companies like Happy.Rentals, that come with a dedicated owner care centre, an organised rent collection system and a personal dashboard for the homeowners, you don’t have to worry either about collecting rent from the guests or getting paid out. 

For complicated bureaucratic formalities like fulfilling holiday rentals laws and tax filing (all of which may differ from country to country and city to city), property managers can also take care of these legal responsibilities effortlessly. This is because, being an active part of the industry, they are already aware of all holiday letting rules and regulations!

5. Enjoy your property whenever you want

Sometimes, a homeowner might have inherited a property, but they don’t live in it, and they don’t want to sell it either because they have a lot of affection for it. In that case, a property manager can ensure that whenever the homeowner returns to the property, it feels “alive”!

By renting out your property to good tenants and providing services like professional cleaning and maintenance, a property manager helps keep your precious home in great shape so that when you decide to visit it with family and friends or even alone, you are welcomed in your home’s familiar and warm embrace.

Property Management is a full-fledged job with a wide range of tasks undertaken by the manager!

Still looking for reasons to hire a property manager? 

Visit our website and book a free consultation with one of our experienced property managers!