The best holiday rental management company in Marbella
At Marbella Banús Suites we are often asked, what qualities should the best holiday rental management company in Marbella possess?
In this article we are going to analyse the decision-making process of an owner when choosing the best company and begin to list those aspects that make a holiday flat management company the best in its area through the added-value it offers to the guest, the owner and the community where it operates.
In a subsequent second article, we will list and analyse the most important qualities that Marbella Banús Suites believes the #1 company should have.
Whether you have recently bought a property as a second home, holiday home or directly as an investment in Marbella, renting out your new home is an excellent way to generate and earn another great source of passive income – it really is, no doubt about it!
But it is not always as easy as it seems. That’s why every property owner needs the number one holiday rental management company in Marbella. Why the number one? The answer is: Why choose anyone else?
Professional management is the best option
The bottom line is that to earn that all-important extra income and do so without risk, not only will you need to offer a property that is well maintained and equipped with all the essential services, but you will need a marketing, sales and pricing strategy to achieve and maximise profits. On the other hand, communications with the guests are complex, require organisation and are time-consuming, and as an owner you certainly don’t want to be on call 24 hours a day to attend to each and every one of your guests’ needs.
When owners engage in “all this management” in person, they quickly understand that it is not an easy task, it requires constant attention and immersion in new technologies specific to the sector, which are not always accessible to an individual owner.
At this point, you confirm that it is best to outsource to a professional property management service. This is where selecting the best holiday rental management company in Marbella comes into its own.
What should the #1 holiday rental management company in Marbella be like?
A holiday home management company is there to manage and organise all aspects of the rental process, from the booking itself, through check-in and on to the departure of guests.
In this first article we will mention some of the main services that the best holiday rental management company in Marbella should offer. After reading it, you will be able to make an informed decision on which one is best for you, depending on your specific needs.
If you are looking for a change or this is your first time partnering with a rental management company, you may not know where to start or what factors to consider. There are a few points that we at Marbella Banús Suites consider fundamental when looking for a company to work with. Here is an initial list:
1.- Local expertise: It is important to find a company that knows the area and has an understanding of local competition, trends and the tourism market so that your property can be priced accordingly and marketed effectively. Be aware of what types of properties are popular in the area, as well as the regulations affecting holiday rentals.
2.- Rates and contracts: These vary from company to company, so you’ll need to find out about their commission rates, services, payment terms and exit clauses. Familiarising yourself with these agreements will prevent you from getting trapped in a contract with a bad property manager and losing money.
3.- Services offered: When it comes to the services offered by rental management companies, some are free and some are not. It is very important not to be surprised by extra charges. Also, be well informed about how marketing, house cleaning, utilities and maintenance are handled and who pays for what.
4.-Customer service: Without good customer service, you are unlikely to get repeat travellers or guests who will recommend the property. Check whether your prospective management service provider has a clear guest relations policy and offers 24-hour guest assistance.
Marbella Banus Suites Owner’s Guide
It certainly pays to have prior knowledge of what you are going to get, so take the time to do your research. This article is a good starting point and we’ll share the full guide in the next post.
See you next time!
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