Property Management vs. Self Rental


04/21/2016 | By Summit Vacations

You are the proud owner of a beautiful vacation property that, unfortunately, sits empty most of the year. You have probably noticed your property costs a pretty penny to maintain in the interim of usage, and have come to the conclusion that you should begin renting it out when you are not there. Renting it should be simple, right? All you need to do is snap a picture with your cell phone and throw it online with AirBNB or VRBO and you are your own property manager! Easy peasy. But, wait!

  • Did you remember to put toilet paper in the bathroom for the guest? 
  • When was the last time anyone dusted the vacation home? 
  • Did you remember to put a key out for your visitors? 
  • Who are these people spending the weekend in your personal paradise? 
  • What if they steal or break something really important? Who is at liability? 
  • What are the legal ramifications in the case of a household accident? 
Whoa, unless you want to quit your well-paying job to become a vacation property manager full time, you really should heavily consider setting up a relationship with a trusted company. Lucky for you, there isn’t a more trustworthy property management company than Summit Vacations. 

Here are some really good reasons why you should choose Summit Vacations to manage your property as opposed to renting with an online self-management facilitator.

Time

We can’t emphasize this enough, but Summit Vacations saves you so much time! Because we do all of the labor and paperwork involved in managing your property, we save you time so you can sit back and actually enjoy that extra income from renting out your second home. Time is money, people!

Physical Management

If you live 3 states away or even 3 hours from your vacation home, how can you possibly get there in the middle of the night if there is a problem? What if you were the renter, something went wrong, and you couldn't get ahold of the owner? Scary, right?! Trust us, there is always a problem that invariably arises in the life of a rental property. Pipes spring a leak, toilets get plugged up, thermostats go out, and kitchens flood. And then there’s the #1 most common human mistake…renters lock themselves out of the house. So as you see, it is extremely important to have a physical presence available 24/7 to deal with any emergency or problem that a renter may experience. Just like a hotel attendant, Summit Vacations can be that physical entity that can quickly and efficiently deal with any issues. Then there are the simple yet extremely important issues, like management of household appearances and cleanliness. Summit Vacations has established working relationships with very trustworthy housekeepers, landscapers and repairmen in the Breckenridge area, so you don't have to. 

Cost

At first, AirBNB or VRBO seem like the cheapest route you can take, and this does have a lot of truth to it. However, when you are dealing with the quality product that is represented by Summit Vacations, cheap is not an adjective that should accurately describe the way it is managed. Also, part of what Summit Vacations offers is listing your property on AirBNB and VRBO if that's what you desire. So you are actually getting a 2-for-1 deal! And as a bonus, Summit Vacations deals with the hassle of working with these sites and their sometimes flawed ways. 

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Most renters book their vacations via the internet, and, as you can see by perusing our website, Summit Vacations has one of the most user friendly and sophisticated rental websites available. Easy accessibility, clean and streamlined organization, and a chockfull of rental information, Summit Vacations covers any advertisement your property could require. With the power of search engine optimization, we move your property towards the top of googles search pages. We make sure professional, aesthetically pleasing photographs are taken, then presented to tell the story of your rental and the glorious trip that awaits vacationers who chose to stay there. 

Legal

Unless you’ve practiced real estate law for the last 25 years, navigating through the legal minefield that is involved in rental properties can be a total pain in the rear end! Luckily for you, our CEO, Jeff Zallaps, happens to be that lawyer with 25 years’ experience and a former general counsel of the real estate division of a Fortune 500 company, among having involvement with many other extremely complicated property related business dealings. AirBNB and VRBO will never offer the property owner or its renters the kind of legal protection that comes with a property management company like Summit Vacations.

Admittedly, there can be horror stories that arise from any rental situation, but why take your chances with zero accountability and a company that is even stranger? Make the right choice and choose Summit Vacations today!

Tags: Property Management