How to Choose the Best Short-Term Rental Management Company

When you rent your current home or purchase a property to rent for short term, you will likely need to find a short-term rental management company. Luckily, there are many options for this service with varying levels of quality and price attached. But what makes one company better than the next? How can you tell which one is best for your home? To consider all these factors, today we're going to discuss how to choose the best short-term rental companies in 2023.

What is a Short-Term Rental Management Company?

Short-term rental management companies rent out residential properties for short periods. The property is usually a home or an apartment, but it could also be a room in someone's house if the homeowner doesn't want to stay there. The purpose of renting out these properties is to make extra money. This can be either the homeowner's income from renting out his property or his rental fee (usually more than a monthly rent), or it could also be a combination of both ways.

Tips to Choose the Best Short-Term Rental Management Company

If you are looking for the best short-term rental management company that is reliable and trustworthy, like Opulence, then there are a few things that you should consider. To help you do this, we will discuss tips on choosing the best short-term rental management company in 2023.

1. Reputation: The property management company's reputation is one of the most important factors before choosing a short-term rental management company. You should choose one with a good reputation in your town or city. Several websites will give you more detailed reviews about the company and its reliability. Or you can check out Opulence, a reputed short-term rental management company.

2. Price: It is another factor when choosing a short-term rental management company. Many companies charge too much for their services, especially if they manage only one property. Look for short-term rental management companies that are also affordable.

3. Reliable service: A reliable service means that you can always rely on the company to do what they say they will do and when they say they will do it. If there are any problems with the property, then you know that the company will take care of them quickly. However, they will only immediately fix everything, like Opulence, which offers utterly dependable service.

4. Contract: When you hire a short-term rental management company, you will probably have to sign a contract. This means that the company has to meet certain requirements regarding its performance and reliability. As long as you can trust the company, then this should not be an issue. However, if things go wrong after signing the contract, the company must take responsibility for the mess it created.

5. References: Apart from the references the property owner can give you, it's also helpful to learn more about the company by asking others who have hired them. You can find these references in online reviews, emails, and telephone calls.

6. Experience: The management business for short-term rentals should have at least a few years of expertise in this area. Opulence, on the other hand, has extensive experience. So be aware of choosing a rental management company. If they don't have relevant experience, they may be unable to provide you with the right service. For example, if you're renting out a house in a good location, you can expect that there will be many individuals who will want to rent it. Therefore, the company must know how to handle potential renters and prospective tenants.

7. Relevant personnel: They should have at least one or two employees available to answer questions and help you with any problems. A short-term rental management company with only one employee will be unable to handle any issues that crop up.

8. Good communication is important when choosing a short-term rental management company. If you have chosen the right company, you should have been able to communicate with them easily and without the need for any additional assistance or translation services.

9. Insurance: All reputable short-term rental management companies should be insured properly against possible damage or other problems that may arise while managing your property. For more information, check out The Better Business Bureau. Opulence provides our clients free damage insurance that covers $1500, as well as 1 million dollar liabilty insurance per guest.

10. Customer service: Opulence has top-notch customer service, another highly important factor to consider when choosing a short-term rental management company. The company should be reliable and trustworthy if customers have no problems managing their property.

Opulence: A Short Term Rental Management Company

If you're looking for a company that offers more than just short-term rental management, we welcome you to Opulence. We are better than any other property management company with our competitive prices, one-of-a-kind service, and professionalism.

Our goal is to provide you with the highest quality of service possible and ensure that your short-term rental experience is both a success and an enjoyable one.

Opulence is backed by qualified property management specialists with the know-how and experience leading to optimum market pricing for your short-term rental.

Benefits of Opulence Management

Apart from making a profit, there are also many benefits to renting your property to a short-term rental management company like ours. Some benefits of Opulence include the following:

1. Availability of a Marketing Team: Most importantly, renting out your home is to make extra money. If you don't have a marketing crew to promote your property regularly, you will likely turn away many potential renters. We leverage at least three online platforms to advertise your property on ensure it reaches as many eyes as possible.

2. Increased Value: With Opulence, you get more than a monthly rent because we charge higher fees so that you get a better price for your property. We charge as high as possible, and we increase our pricing based on demand.

3. Extra Services: We offer everything you need to get your property up and running, including interior design, project management, professional photography, and more! If you're looking to rent a property and sublease it, we'll even find an owner who allows subleasing for you! Learn more here: www.opulencestrmanagement.com/extraservices.

3. Recruiting Reputable Tenants: Opulence has a long list of good renters who are repeat customers. This means that they will find a mixture of individuals that are trustworthy and reliable. They'll also know whom to contact if problems arise or if something needs to be done about the property.

4. Afforfable prcing: Opulence offers competitive pricing starting at just 10% per booking! You can view a breakdown of what our pricing packages offer here: www.opulencestrmanagement.com/pricing.

Here, we've learned about the many advantages of managing short-term rentals. But how do you make a decision? So, in part, after this, we'll talk about this.

Conclusion

There are many benefits to hiring the best short-term rental management company in 2023. However, you should ensure that you can trust the company and that their services will enable you to benefit from the property you rent fully. However, Opulence offers all these benefits and more, which will be reason enough for you to hire us. We provide a wide range of services to accommodate your different property needs and can help you realize a successful short-term rental business.

As one of the most affordable short-term rental management companies, we're eager to show you why our company is the leading company in property management services.