We think good Vacation Home Management includes, but is not limited to:

 

  1. All rental mark ups are fully disclosed to owners
  2. All repair costs are fully disclosed in detail
  3. Accounts can be accessed on line at anytime to see all bookings, fees and revenues
  4. Any conflicts of interest are always fully disclosed by the managing entity
  5. The cost of property maintenance is clearly broken down
  6. The ability to opt out of the management agreement at any time
  7. Quality assurance scores and complete inspection photos are disclosed monthly
  8. Quarterly contacts to go over the scores by the manager
  9. Realistic estimates formulated on the level and type of rental income the home can generate
  10. 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.