The vacation rental industry is bouncing back after the hardships of 2020, with forecasters predicting a CAGR of 11.2% between now and 2030.
If you own a short-term rental property and you're not already benefiting from this renewed interest in travel, you need a landlord rescue strategy.
Browse our landlord rescue guide for insights on the warning signs of a failing short-term rental business and how to get help.
You Aren't Getting the Bookings You Deserve
Experience Kissimmee recently took part in an industry study that revealed a record year for Florida tourism in 2022.
Kissimmee offers many attractions for tourists. It boasts plenty of entertainment, golf courses, outdoor attractions, and easy access to Florida's best theme parks.
Working with a property manager gives you increased access to travelers eager to enjoy these delights. They will help you set up an appealing listing and publish it on all the best-performing platforms.
You Can Barely Make Ends Meet
Does your rental income barely cover your expenses? There are many costs involved in the upkeep of a vacation property, including:
- Utilities
- Taxes
- Property maintenance
- Consumables
- Cleaning services
- Landscaping and pool care
You must set your rates high enough to cover these expenses. At the same time, you must increase your bookings and rental income by advertising affordable rates.
Rental rate setting is a constant juggling act between attracting more bookings and recovering your costs.
One of the best benefits of a property management company is access to its industry experience.
They can help you figure out attractive rental rates based on local comps and help you cut costs, too.
A property management company carries out ongoing routine maintenance to enhance the appeal of your vacation home. These efforts help prevent costly repairs and replacements.
Thanks to their industry connections, property management companies get the best prices for property maintenance in Kissimmee.
They can also help you carry out upgrades to reduce costs while attracting more guests. For instance, energy-saving measures to reduce your utility bills also appeal to eco-conscious travelers.
You're Bombarded with Guest Complaints
Managing a short-term rental property is a non-stop job. When customers call, you need to assist them right away.
If you're spending too much time managing your guests, it's time to hire a property manager. These professionals can help with the following:
- Guest bookings
- Arrival and check-out procedures
- Cleaning services
- Emergency repairs
- 24/7 assistance with queries
When you have a property manager giving their undivided attention to your short-term rental, you can rest easy knowing they've got everything under control.
Landlord Rescue 101
If your short-term real estate portfolio is letting you down, the first step is getting in touch with a property management company for help.
Our landlord rescue team is at your service with a host of offerings to help get your short-term rental back on track. We can help you market your property, boost its appeal, and help you set up attractive but lucrative rental rates.
Browse our blog for more landlord tips and get in touch today and let's turn your Kissimmee short-term rental business around.
