We think good Vacation Home Management includes, but is not limited to:
- All rental mark ups are fully disclosed to owners
- All repair costs are fully disclosed in detail
- Accounts can be accessed on line at anytime to see all bookings, fees and revenues
- Any conflicts of interest are always fully disclosed by the managing entity
- The cost of property maintenance is clearly broken down
- The ability to opt out of the management agreement at any time
- Quality assurance scores and complete inspection photos are disclosed monthly
- Quarterly contacts to go over the scores by the manager
- Realistic estimates formulated on the level and type of rental income the home can generate
- Enabling owners to escrow for capital (major repairs) in an account the owner controls
Please see our other blog posts for additional tips and suggestions for choosing a vacation home management company.
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