20 Jun 5 Reason Why a Management Company is a Good Investment
At Air Property Management Edinburgh we believe there are a few good reasons why a management company is a good investment for your rental property.
Invest in us and we’ll Increase the Value of Your Rental
It can be challenging deciding whether or not to go solo with the running of your holiday let or delegate this task to someone else to manage for you. Perhaps you’re already earning a reasonable turnover, and you fear that by giving up the reigns that someone else, that they won’t complete the task as well as you have. Resulting in diminishing profits and a drop in standards. You aren’t alone to feel like this, but there comes a point where you have to accept that you will either be capped on how much you can earn, because you only have so much time to invest, or that the quality of service you will be providing will diminish because you’re spreading yourself too thinly. We’ve explored some of the key reasons why considering investing in a good property management company is worth it.
1. You’ll Earn More Money
At the moment you’re probably running your holiday rental alongside work and family commitments. Both of these things are a higher priority which means your rental property is probably receiving the very least of your attention. We all know that the more attention you give to a project, the more successful it becomes. And your holiday rental is no different. Is your property really meeting its true potential?
That’s where a holiday let management company can help. We run your property like a valuable and profitable business, rather than just a thing on the side. By focusing our attention on improving your listing, making guests happy and taking care of the day to day running of your property. And as a result, this will lead to massive growth and huge overall success of your rental. This always translates to a higher yield and a greater profit for you the host.
2. Services Delivered by Experts
We all have tasks and chores that we despise doing and running a successful holiday let property is no different. Whether your pet hate is cleaning, laundry or responding to guest enquiries. Or any of the other countless tasks that come with renting a holiday home. We have a multitude of services designed with both you and your guests in mind. We all know that doing jobs that you don’t enjoy means that the jobs don’t get done well. That’s why we’ve sourced trained professionals in every field who can take care of these tasks for you. From our reliable and diligent cleaners to our friendly and pro-active customer service representatives. You can be rest assured that each and every service we offer is taken care of to the highest possible standard.
3. Quicker Response Rate to Enquiries and Unlimited Support
It’s been found that one of the key things that put guests off booking a property is a slow response rate. While you’re in your day job and juggling whatever life throws at you, potential guests are waiting to have their questions answered. It might not be your top priority at the time, but it is theirs. A slow response rate can actually prevent people from following through with a reservation as it leads to concerns that they aren’t valued. Or a feeling that if problems arise they won’t be able to get in contact with you.
A property management service removes this hurdle as our experienced customer support team are always on hand to answer guest enquiries with a friendly professional manner and manage your booking calendar. As well as providing a 24/7 support service for guests who have booked to stay in your property from the moment that they arrive.
4. Face to Face Check-ins and Check-outs
We know that it can be challenging to be physically present for guest check-ins and check-outs. Particularly if you have a demanding schedule or if you are out of the country. It can be tempting to use a key box or call in favours from family and friends. From our experience, these solutions only work well in the short term. Key boxes can be a useful tool, but it takes away the person to person interaction that really adds value, trust and human connection to your rental. Guests are more likely to leave a good review if they’ve been greeted by a real live person. While from a security point of view, you know that the people who are staying in your property are genuine and trustworthy.
A property management service is great for busy people as we can take care of this important aspect for you. Our reliable and welcoming staff will greet your guests at your property. Giving them a tour of your home and explaining how everything works. Not only this but we’ll offer great suggestions on local activities and let your guests know that they can get in touch at any time should they need anything. This personal touch really makes your guests feel welcome, valued and at home in your property. We’ll then meet back up with them at the end of their stay to collect the keys. We can guarantee that this belly to belly interaction will lead to great reviews from every guest, every time.
5. You’ll Gain Back More Time
Running a holiday let can be time-consuming. Particularly if you are doing so around other commitments. From responding to potential guest enquiries, preparing your property; cleaning, laundry and re-stocking. Not forgetting guest check-ins and offering support when it’s required. The time spent on these tasks really adds up.
One of the most valuable things a property management company can give you back is time. This is a priceless commodity but something that we could all do with more of in our lives. By delegating these tasks to a dedicated company who are experienced, knowledgeable and deliver a higher level of service than you’re able to because they have the time, will free up more of yours. Allowing you to spend it in ways that make your life more fulfilling. While at the same time earning you a profit month on month. It’s a win-win situation.
Air Property Management Edinburgh
What are You Waiting For?
We hope you’ve found this post helpful and that it’s given you some points to consider on whether or not a property management company is worth the investment. Using a holiday let management company has many benefits. Whether you’re looking to earn more money from your rental, treat it like a professional business venture, deliver a better service or simply free up more of your time. We believe investing in a reliable and experienced company to be well worth every penny. Not only will the service benefit you but your guests will notice the difference as well. Leading to a greater return in the long term.