How to Choose the Best Vacation Rental Management Company for Your Property
Choosing the right vacation rental management company can make a huge difference in the success of your property. Whether it’s your first time renting or you’re a seasoned owner, partnering with the right team can save you time, reduce stress, and maximize your income. Here’s a streamlined guide of questions you can ask managers to help you make an informed decision.
Want to know how Evolve would answer these questions? See if you qualify for our services today and we’ll put you in touch with one of our vacation rental experts ASAP.
In This Article:
What’s the Vacation Rental Market Like in My Area?
What Are Your Fees and Contract Terms?
What Services Are Included in Your Fees?
How Will You Market My Property?
When and What’s Your Booking and Customer Support Availability?
How Will You Maintain My Property’s Condition and Handle Damages?
What’s the Vacation Rental Market Like in My Area?
Understanding the local market is crucial for maximizing your property’s performance. Ask the management company about:
- Booking seasons: When are demand peaks and lows?
- Property types: What kind of properties are in high demand?
- Area regulations: How do local laws affect short-term rentals?
Why It Matters: A company that knows the local market can tailor pricing, marketing, and booking strategies to optimize your revenue.
Be prepared: Get ready for the conversation with our vacation rental market analyses, which cover everything from income potential by property size to average daily rates by season.
What Are Your Fees and Contract Terms?
Many companies charge management fees that typically range from 25-50% of your rental income. Before committing to anything, be sure to:
- Use a vacation rental income calculator to see if their fees align with your goals.
- Understand contract terms: Is there a minimum contract length? Are there any penalties for early termination? What about clauses based on performance or poor service?
- Get clarity on payout timing: You don’t want to find yourself two months into a year-long contract with a manager who fails to meet expectations. Some companies take months to pay out owner earnings.
💡Look for a company with flexible terms and clear payment schedules. Evolve doesn’t require long-term contracts, there’s no cost to join, and our approach is backed by a Risk-Free Guarantee.
What Services Are Included in Your Fees?
Different companies include different services. Clarify what’s covered in the management fee, such as:
- Listing creation and promotion
- Guest communications and support
- Revenue management
- Maintenance and cleaning
- Collecting guest reviews
Specifically ask what services aren’t included in their fees so you won’t be surprised by hidden costs. Comprehensive support and expert-level attention to detail shouldn’t depend on extra charges after you sign a management agreement.
How Will You Market My Property?
A robust marketing strategy with a strong online presence is essential for high occupancy rates. Ask about:
- Platform distribution: Is your property listed on all the top booking sites like Airbnb, Vrbo, and Booking.com?
- Listing creation: Do they understand how to showcase your property’s highlights and appeal to area travelers?
- Repeat guest strategy: How do they encourage return bookings and positive reviews?
Evolve Advantage: We promote listings across all major platforms, including those that owners can’t access on their own, ensuring maximum visibility.
What’s Your Booking and Customer Support Availability?
Make sure the management company offers:
- Online booking: Can guests easily book through the website and pay with a credit card?
- 24/7 availability for guest support (before, during, and after the stay).
- On-site assistance: Do they have a local contact who can provide check-in information and quickly handle any guest concerns?
These benefits ensure you never miss a booking opportunity and that guests have a seamless experience.
How Will You Maintain My Property’s Condition and Handle Damages?
To keep your vacation rental guest-ready, make sure the company:
- Offers cleaning services or partners with a local cleaner.
- Has a process in place for documenting, addressing, and potentially reimbursing any damage or missing items.
- Owns guest communications about any incidents.
- Offers damage protection or a guest deposit system.
Making sure you’re covered for any accidental damages or issues is the best way to protect your investment.
Evolve advantage: We support our owners throughrisk protection programs, so you can rest easy knowing your home is in good hands.
Can I Speak to Some Current Clients?
Before signing a contract, ask to:
- Speak to existing customers about their experience.
- Review case studies of similar properties in your area.
Client feedback can provide valuable insight into how the company performs over time.
The Right Vacation Rental Management Company Makes All the Difference
Choosing the best vacation rental management partner can feel overwhelming, but it’s nothing compared to doing it on your own. The right company makes ownership easier, more efficient, and far more profitable.
If you want a proven, low-stress path to better performance, work with Evolve. Our revenue-driving approach includes everything from helping you find your next investment to filling it with guests and boosting your income.
Ready to see if we’re the right fit? Use the form below to connect with one of our vacation rental experts and see how we can help you achieve your goals as an STR owner.