Although most love spending time in their north Georgia cabin rentals, they know they can't be on vacation all the time. Because of this, many property owners choose to rent their cabins to vacationers. However, unless you know what you're doing this can quickly become a very time-consuming and stressful process. So how can you make a profit from your vacation home without losing your mind?
Six Questions To Ask Before Hiring A Cabin Management Company
Are you insured?
Before you can even consider working with a cabin management company, it is imperative that you inquire about insurance. A professional agency will have an insurance policy for renters against accidental damages to protect the integrity of your property and your investment. Take the time to carefully review the plan, confirm what it covers and that the insurance policy is current. In this way, you can rest assured that your cabin rentals will retain their value so that you and other vacationers can enjoy them in the many years to come.
Do You Handle Marketing and What Does Your Advertising Strategy Entail?
One of the primary reasons property owners decide to work with a cabin management company is because they need help with marketing. Actively advertising your vacation home is a time-consuming and ongoing process, which is why it is best to engage with those who have years of professional experience. It is crucial to verify that 100% of the burden of marketing will be the responsibility of your management company.
Also, it's wise to seek out an agency that doesn't charge additional monthly fees to advertise your cabin. Take a look at how your cabin management company handles marketing campaigns for similar properties, and ask to see evidence of their success rate. If you hope to keep your property consistently rented and create a bountiful profit, it's imperative to select a company with a proven and effective advertising strategy and track record.
How Will My Property Be Maintained?
If you live hours from your North Georgia cabin rental, it may be impossible for you to personally tend to maintenance issues around your properties. Although you could hire a maintenance company on your own, there's no guarantee your vacation home will receive the best of care.
A good cabin management company will be passionate about maintaining your property. When your cabin is in good shape, more vacationers will be interested in renting it, meaning more income for both you and your cabin management partner. When you know that your prospective management agency handles weekly maintenance inspections that is a good indicator that they are interested in making your cabin profitable and in caring for your investment.
Will I Be Expected To Communicate With Renters?
If the idea of handling reservations, cancellations, guest complaints, or 2 AM maintenance phone calls doesn't appeal to you, definitely take the time to find out whether or not your cabin management company will handle all of these tasks. The right agency will manage it all, from start to finish. That way, there is no burden on you, and you can sit back and enjoy the steady stream of rental income.
How Will I Be Paid?
Receiving the profits you are entitled to should not be a complicated or convoluted process. Look for a cabin management company that presents you with a regular, reliable payment schedule. Additionally, seek out an agency that offers your rental income through a direct deposit into your bank account so that you don't have to wait for your checks to arrive in the mail or make a trip to the bank.
Will I Still Have Free Access To My Cabin?
Obviously, you will want to have the opportunity to visit your cabin for some time away from the hustle and bustle of the real world. After all, that's the reason that you bought your vacation home in the first place! Be sure to talk to your cabin management company about the process of booking time in your cabin.
If the process to reserve your time sounds like you have to jump through too many hoops, move on to find a different agency. A good management company will provide you with the ability to book your cabin in advance and will monitor your cabin rental schedule, so you know when vacationers are enjoying the rental of your investment.
Cabin Hosting Resources
For those looking to maximize their knowledge of cabin hosting, we've put together several articles in a cabin hosting resource hub to help you navigate the journey. The articles are also listed below for quick access.
- Why You Should Consider Investing In A Cabin Rental
- Tips & Reasons To Buy a North Georgia Cabin Rental
- Meet the Owners of Whispering Pines: Steve and Carrie Hartshorne
- 6 Tips On How To Rent Your Lovely Mountain Cabin
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What do you look for in a cabin management company?Topics: Cabin Hosting, North Georgia