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How to choose the perfect management company for your second home

Tuesday, June 18, 2019   /   by Top Villas Realty

How to choose the perfect management company for your second home

Choosing the perfect management company for your Orlando vacation home.


Buying a vacation home in Orlando is one of the most exciting things you can do.  You have worked hard and have now decided to invest in a second home that you and your family can enjoy, you may have decided to also rent your home as a short term vacation property to generate income from your home.


Managing a vacation home from abroad

Many owners live abroad and trying to remote manage a home can be a very difficult process, we always recommend taking the stress out of owning a vacation home and let a professional property management company look after your homes every need.  As an owner you can be as involved or hands off as you like.


What does a property manager do for a vacation home

  1. Schedule cleans after your vacation guests have left, at this stage the property manager will also check over your home to make sure no damage has been caused.

  2. Prepare the house ready for the next check in to make sure your home is in perfect condition ready for your guest arrival.

  3. Arrange and fix and maintenance issues, such as AC issues, pool issues and general house maintenance.

  4. Marketing - Property managers typically have websites that automatically feel your home to the top booking sites such as Homeaway, Airbnb, Tripadvisor and TopVillas.com.  Property managers will maintain your calendar to guarantee no double bookings can happen.

  5. Set up and pay all utility bills for you, they will invoice you one bill at the end of each month.

  6. Take care of paying local and state taxes for your vacation home meaning the income you generate is all yours to keep.


Second home managing

Owners do not necessarily wish to rent their homes out to guests.  If you are planning on just using the home for yourself and family a property manager can simply go in each month and do a general tidy, check all equipment and make sure your home does not experience and issues making the home perfect for when you arrive.


Property management technology

The vacation rental market is a fast moving industry with many technology companies making owning a vacation home easier than ever.


The top 5 property management technology


Keyless entry door locks - By installing a keyless door lock to your vacation home means your guests no longer need to pick up keys from a property manager in the middle of the night. Guests are now provided with a 4-6 digit door code and can turn up at the property anytime after the standard check in time of 4pm.  If a guest has an issue getting in, a simple phone call to the property manager and they can remotely unlock the door.


Wireless home thermostat

No more high AC bills where the guest forgets to turn the AC down when they leave for the day or finish their vacation.  With Wireless thermostats the property manager automatically knows that the guest has vacated the property and can adjust the temperature accordingly.


Wireless pool controls

If your guest would like to turn the pool heat on during their stay, now a simple call to the property manager will mean they can remotely adjust the heat for your client. This also stops guest tampering with the heat or disputing the temperature.


Noise control

A noise control unit will let the property manager know if the decibel level gets to an unacceptable level, they can send someone over to address the situation quickly and with clear evidence.


Wireless device detector

Every owner is worried about guests holding a party in your beautiful home, we have this covered, homes can be fitted with a wireless device detector, this will alert the property manager when an unusual amount of wireless devices connect to a home's wifi network.

How much does property management cost
Fees for property management can vary between companies with some offering free management fees but will more than likely be charging you elsewhere such as higher booking commission, linen fees etc. The majority of companies charge a monthly fee of between $150 - $350 per home depending on the size of the property and location. Condos will be at the lower end of this figure but super mansions located in Reunion Resort will be higher.


Changing from an existing management company

Top Villas has been working with the leading established central Florida vacation rental managers for over 20 years in resorts such as Reunion Resort, The retreat at Championsgate, Encore Resort, Solara and the surrounding Disney area, we are always happy to offer our unbiased advice on which property manager will best fit your own needs as well as your homes.  If you are unhappy with your current property manager let our team assist you.

 
Top Villas Realty
205 Town Center Blvd.
Davenport, FL 33896
866-341-8086

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