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Video on Rental And Property Management

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Rental And Property Management
Robert Griggs
The short answer is that everyone with a property that isn't fully occupied needs Property Management!
Let's say you have your holiday rental in the sun but only want to use it twice a year, what happens to it the rest of the time? Even if you don't want to rent it out, do you just let it sit there and keep your fingers crossed that nothing untoward happens during the time you're at home.
For example, when you arrive for your well earned holiday, you find that you suddenly need an Electrician, Plumber or Painter. Of course you might enjoy arranging and waiting for them to arrive, and remember this is Spain! Or you can get outside and enjoy the sunshine and restaurants and leave the arranging and waiting to your Property Management Company! You could find the gardener hasn't been in a while and the garden needs urgent attention or the swimming pool hasn't been cleaned since you were last in residence. All these annoyances would be spotted by the PMC on their regular weekly checks and sorted before you arrived.
Of course the worst that can happen is that when you arrive at your holiday home there's already a family in residence! They have rented the place from the 'nice' chap next door, who very kindly looked after your keys for you - yes it does happen!
The majority of holiday properties are bought to serve a duel purpose, for the owner's pleasure and to generate additional revenue by letting out the property on a short or long term basis. So keeping the property up to a good standard is vital, especially if you're looking for those so important repeat clients.
It is very important that you get the reassurance that you will receive the personal service that gives you the added security that your property is being well looked after.
Big is not always beautiful! If you are looking for the personal touch then big is not for you. Often the bigger the company, the service to you becomes less personal. It is a matter of simple logistics, the more properties they have - the less personal time can be devoted to each client. Also, the services PMC's offer vary considerably, as does the service!
Costs vary depending on the size of your property and what you want the PMC to do. Points like; cleaning, gardening, laundry, ironing and advertising your property should be talked through so both parties understand what is required. Then you can sit back and relax!
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