For good reason, Fort Lauderdale is the third most visited city in Florida. It has amazing beaches and lots of tourist attractions.
As a property owner, you'll want to start taking advantage of this tourism stat. You can make a lot of money and grow your investment portfolio by investing in short-term rental properties.
Whether you own a condo, beach house, or apartment, managing your property alone is tough. The good news is, there's a way to make it easier.
Working with a property management team will alleviate a lot of your stress and allow you to focus on other business ventures. This guide will tell you everything you need to know about short-term property management.
Professional Marketing
If you don't have a lot of experience with marketing, it can be challenging, to say the least. You'll need to have professional photos and videos taken. You'll also need to know which sites to post your listings on.
First impressions matter, especially in a competitive market. A property management team will help you craft the best online listings. They'll also know who to hire for professional photography.
A team will make your short-term rental property stand out online and in person. Without this aspect, you'll struggle to keep your occupancy rates high.
Exceptional Guest Experience
Good online reviews and returning guests need to be a priority for you. This will make you more money and keep your rental book.
To do this, you'll need to ensure your guests have a great time every time. A property management team will offer amenities to your renters to improve their experience.
They'll ensure the check-in and check-out process is simple. They may even give them some local recommendations.
Property Maintenance and Cleaning Costs
When you're renting out your property, you should expect some wear and tear. You'll need to keep your property in the best consider possible. This will improve your guest experience.
Doing property maintenance on your own takes time and can be a lot of work. This is another task that will be taken care of when you hire a property manager.
Pricing Strategies
Pricing your property is more challenging than you think. It has to be adjusted every so often to account for market changes.
During holidays such as the Fourth of July or Labor Day, you may need to increase your prices as there will be more demand. However, if you increase them too much, you'll have a hard time filling the vacancy. If there's a famous artist in town coming to perform, demand may also increase.
Short-Term Rental Company Benefits
To successfully manage a short-term rental property in Fort Lauderdale, you need a well-crafted strategy. In this plan, you need to include hiring a team to have your back.
They'll ensure everything runs smoothly, and your property is protected. Don't wait to take advantage of the city's thriving real estate market.
PMI Premium Services is part of the number one property management franchise in the nation. We know how to help you. Get in touch with us here!
