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Updated 5 months ago on . Most recent reply
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Do I need a property manager just to manage bookings?
I'm wanting to migrate from Evolve, and I'm wanting to take over as much of the management as possible. I've setup new listings and integrations with Hospitable, Schlage, Pricelabs and other services. The challenge is I'm out of state, so I can't physically deal with incidentals.
I found someone local who is willing to handle property management (for 20%), but it feels like a waste if I'm already handling the listings and automation and integrations to run the business. I need someone who is motivated to generate direct bookings, especially since my property is themed, and Airbnb doesn't do a great job of marketing the theme.
Alternatively, she offers guest services for a fixed rate, but then there's the question of how burdensome handling bookings would be if I manage that myself. If I'm doing the work to build direct bookings, I don't want to pay commission on that.
Also, I want to create an in-house store with Stayfi and The Host Co to sell themed merchandise and local vendor services. But, I'm going to need to do the networking myself to build partnerships with local vendors and source merchandise, and all they'd be responsible for is letting me know when it needs to be restocked.
I also have a close relationship with the cleaning company, so that part is covered.
So, do I really need a full service provider?
I'm wondering if anyone can share some experience here.
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- Rock Star Extraordinaire
- Northeast, TN
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It really depends on you and how involved you're willing to be, especially if any of your current at-large operators don't work out. I cycled through several PMs before landing on my best current option, which is a husband & wife caretaking team that deals with my cleanings, takes care of my pool, handles emergency issues, puts out the trash on Sunday night, and sets up and waits with various contractors when things need to be dealt with. They don't get involved at all with booking or essentially anything with the guests other than emergency repairs or some other issue I can't handle with them. I end up having maybe slightly more involvement than I might have had with the PMs but honestly the PMs were so bad I was having more involvement constantly dealing with their BS.
My caretakers handle all of my restocking.
How I found them was pretty simple, actually. When I decided to dump the last PM, I went on my community FB page and asked for recommendations. I got maybe half a dozen in total, some of the same names multiple times, and I went and looked at the houses that were being cared for by the different people. The best looking houses were all being cared for by my current caretakers, and other than one hiccup they've done a good job.
- JD Martin
- Podcast Guest on Show #243
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