Vacation rental management is a part-time job, even if you only have one short-term rental property. Regardless of whether or not you live near your vacation rental property, there are many things you'll need to do if you want to maximize your rental income. And you can do it all yourself, or you can enlist the help of a vacation home rental agency.
If you want to give it a go on your own, we applaud you!
Some owners and investors enjoy the level of involvement it takes to operate a successful vacation rental. Here at Savvy, we commend those entrepreneurial spirits who make sound investment decisions while simultaneously spreading the warmth of hospitality throughout their communities.
That's why—in addition to property management services—we also offer resources, strategies, and tactics from our knowledge and experience in the industry since hosting our first STR guest in 2015.
We're dedicated to your success as a host, even if you don't want to hire a little extra help. Here are some of the most common topics owners find helpful when they're starting out on their vacation rental management journey...
What do you do if someone breaks a chair, stains a rug, or ruins your favorite couch? Are you protected if a guest gets injured while staying at your vacation rental?
These aren't easy questions but they need to be answered, preferably before they ever happen.
Click here to learn about vacation rental insurance for homeowners and STR investors so you can understand whether you're covered, and what to do if you're not.
How much do professional property management companies charge?
This is an important question to ask if you're planning on buying a vacation rental property.
Click here for a complete guide on understanding how PMs charge and what fees to be aware of before signing up your vacation rental property.
There are many different types of real estate investment strategies to choose from, and STRs can be a solid way to diversify your portfolio.
But how do short-term rentals stack up against other RE strategies? Let's examine how STRs compare to LTRs and dig into the numbers using actual case studies and real financial data.
Click here to learn more and make sure you're informed before purchasing a vacation rental property.
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