According to the most recent figures from Visit Orlando, the City Beautiful welcomed 74 million visitors in 2023. Most were domestic tourists, but over six million came from overseas!
With such impressive visitation rates, turning your Orlando property into a vacation rental could prove lucrative. And thankfully, short-term rental management companies exist to help simplify your operations.
The question is, how do you choose such a service provider?
PMI Orlando Parks answers that question by sharing tips in this concise guide, so please read on.
1. Check the Services Offered
If you have little time to manage your vacation rental, your best bet is to work with a full-service, short-term property management company. With one on your team, you'll have little to worry about, as your manager should perform the following tasks on your behalf.
Accurate Vacation Rental Pricing
Reputable management companies use state-of-the-art technology to conduct vacation rental pricing analyses. With accurate analyses, they can market short-term rentals in Orlando at fair rents and boost income with dynamic pricing strategies.
Property Marketing
Your manager should market your vacation rental property on multiple platforms, such as:
- Airbnb
- VRBO
- Booking.com
- Trip Advisor
They must also optimize property listings to reach the broadest possible audience.
Guest Services
According to Zenger, a survey found that 39% of Americans regard cleanliness as their top consideration when choosing a place to stay for their vacations. Nearly the same percentage (38%) also noted how a lack of cleanliness would make them unlikely to return to a business.
All those figures tell you how crucial it is to keep your vacation rental clean and sparkling.
Luckily, once you have a short-term rental manager, your property should be guest-ready at every check-in. Their services should include property oversight, maintenance, and vacation rental cleaning.
The most reputable property management companies even go beyond the usual and offer other value-added services, such as helping guests by:
- Booking reservations at local attractions or restaurants
- Making transportation arrangements
- Offering local expertise on things to do and sights to see
You should also ensure your chosen vacation rental manager is available 24/7 as an emergency contact.
2. Verify Qualifications
When picking a short-term rental management company, research their backgrounds and experience in:
- Real estate
- Property management
- Taxation and accounting
Don't forget to verify that your prospective manager carries all appropriate licenses.
3. Look for Service Guarantees
At the very least, your manager should offer a satisfaction guarantee. If you aren't happy or satisfied with their services, you must be able to cancel your management agreement without penalty.
Another example is a results guarantee. Your manager should not charge you anything until they produce satisfactory results for your rental business.
Choose Your Short-Term Rental Management Company Wisely
Now that you know more about choosing a short-term rental management company in Orlando, FL, the next step is to consider us, PMI Orlando Parks, as your best option.
We're a full-service Florida short-term property management company operated by highly educated and licensed professionals specializing in Orlando real estate. Our CEO, Andres Torres, has two decades of experience in business and real estate investments. Our COO, Lizzette Bolivar, also brings a decade of business, management, and customer service expertise to the company.
Reach out today for a free consultation and discover how we can help you maximize profits from vacation rentals in Orlando!
