Managing a vacation rental can be time-consuming, tedious, and costly. Fortunately, there is an easy way to reduce the amount of work involved with managing your rental home when you don’t live in it.
Finding a vacation rental property manager to manage your property in Mexico.
What is a property manager?
Vacation rental property managers are professionals who oversee multiple vacation rental properties that they do not own. They ensure guests are comfortable and have a great experience as well as handle things like cleaning and managing maintenance.
Property managers are not all the same
Many people who are looking for a vacation rental property manager have no idea what to look for. They don’t know the difference between good, average, and bad managers. That’s why it’s important to know how to tell the difference.
Property managers can help with a variety of tasks such as:
- They can help find short-term tenants.
- They can make sure your renters have access to appliances, wifi, and other amenities.
- They can help you be sure your property is being maintained properly and up-to-code.
- They can check in on your property while you’re on vacation.
- They can take care of any maintenance issues that come up during your tenants’ stay.
It’s important you find a property manager who is able to fulfill all the tasks needed to please you as the owner but also the guests.
Look for an experienced property manager
If you’re looking for a property manager, experience is key! Property managers who have been working in the business for at least three years tend to be more reliable and provide better service.
If a property manager hasn’t been in the business that long, it may be worth taking some time to find someone who has more experience.
Check references and speak with other clients theirs
Some companies will give you a list of references, but it’s worth it to call them yourself and ask about their experience working with the management company.
You should also check past tax returns and financial statements to make sure they’re organized and transparent—especially if they claim they can handle your bookkeeping.
Once you have found a potential candidate, ask them some questions: Are they members of the local and state business associations? What is their cancellation policy? Can they guarantee cleaning services? If something goes wrong will they fix it quickly?
The right management company can be very beneficial to your vacation rental business. Make sure you do your research before you choose one!
Ask about fees
The cost of hiring a vacation property manager varies depending on the company. Most property managers charge a percentage of the revenue collected.
Working from a commission is normal in Mexico. However, some companies may have retainer fees or setup fees, while others have cancellation fees. It’s important to get all the details before you sign on with any company.
Should you use a property manager in Tulum?
It depends.
If you are interested in working with an experienced property manager who can help you maximize the value of your property through marketing, screening, and guest relations, then yes—you should work with one!
If you are interested in managing the property yourself or don’t feel like you have time to take on another project, then no—you don’t necessarily need to work with one. Your vacation rental can thrive just as much without one.
But what you really need to figure out is whether or not working with a Vacation Property Manager is something that will be worth it for you.
Explore other options.
Buying a vacation rental that is a Condo-hotel is a great option. They have everything set up for you and it’s a hands-off investment.
If you are planning on staying full-time in Mexico then managing your own vacation rental can be a great idea. But be ready to do all the things that are needed to run a successful vacation rental in Mexico.
The majority of our clients buy a vacation rental that is managed or is a condo-hotel (fully-managed) that takes care of everything for you.
If you are looking for a vacation rental that is fully managed in Riviera Maya Mexico then we can help you.
Contact our qualified real estate agents for free at no obligation to help you find a hassle-free vacation rental that is profitable and fun.
