FL Charm, Inc.
Property Management

Pros and Cons

FL Charm Property Management focuses on short-term or vacation property management. There are a few reasons why management chose this specialty. Short term or vacation properties are usually paid up front. You are never holding your breath each month to see if you got paid. You do not have to evict guests for they are on vacation and they must go back to their jobs or families. You or the manager is able to check on the property as often as a few times a month when cleaning for the next guest in order to perform any necessary preventative maintenance that a long term tenant may neglect over time. A/C filters, caulking of wet areas, small leak repair and insulation issues which can result in larger damage over time if not maintained. If run properly, short term allows owner usage and maximum income above and beyond long term income. Below is what a manager can do for you if you find a good one:

 

• Preventative maintenance, saves on electricity and extends life of durable appliances in property.

• Guest inquiry response times have a huge impact on conversions to reservations. Good guest communication leads to less wear and tear and more repeat business.

• Local contact for the HOA, county (which is required by ordinance), and for contractors.

• Strong rolodex of contractors.

• Cleaning person management. (often harder than it seems) 

• Furniture and design services to help with conversion from long to short term.

• Licenses for state and county compliance when running a short term property.

• Monthly tax filings for state and county.

• Multi channel marketing and daily rate analysis to maximize occupancy and aggregate income.

• Saves you time!

 

Reasons NOT to use a manager:

 

• They charge a fee or at least a commission on revenue they generate.

• You must find a way to trust your manager (home automation with good transparency helps)

• You enjoy communicating with people from all over the world at all hours of the day.

• You are good at managing multiple marketing channels and have the time to devote to it.

• You enjoy filing state and county tax reports every month.

• You are handy and live nearby your property so minor maintenance issues are easy for you.

 

Regardless of whether you do it yourself or with a professional please get your FREE custom analysis with tips and tricks of short term management delivered to your email in 48 hours by clicking the button below and filling out the short form in the connecting page.