Property managers can do some or all of the following:
- Market the rental property
- Coordinate internally or subcontract the property maintenance, cleaning, etc
- Take guest payments Communicate with guests prior to, during, and after stays
- Inspect the property for damage and cleaning before the next guest arrives
- Ensure all amenities are functioning (internet, TV, etc.)
- Make or coordinate necessary repairs
- Take payment for guest bookings
When to get a property manager?
Hiring a property manager might be the best option if the owner wants to be 100% hands off and let someone else be completely responsible for all aspects of their rental property.
What is cohosting?
Cohosts help the owner manage their vacation rental property. The scope of work may vary dramatically and property research should be done to ensure a good fit. The owner will retain the listing even though the cohost may market the property on their website. The property owner will take initial payment from the guests and pay the cohost from the proceeds. While many are, it is not necessary for a cohost to hold an active real estate license.