Many owners start managing their property independently with the idea of
save costs. At first glance, this seems logical – there is no management fee and
everything is under control. But in practice it often turns out that there are a number of hidden costs,
which are not reported on time.
In this article we look at them.
Time – the most often underestimated expense
Self-management includes:
– communication with guests and tenants
– coordination of check-in and check-out
– organization of cleaning
– response to problems and accidents
All of this takes time – often at inconvenient times, including in the evening or during
the weekend.
Lost revenue due to inefficient pricing
The price of accommodation or rent is not static. It depends on:
– seasonality
– search
– events in the city
– competition
Without active monitoring and optimization, many properties remain:
– undervalued in strong periods
– empty in low seasons
This results in real lost revenue that often exceeds the cost of
professional management.
Lower ratings due to slow response
Guests expect quick assistance with questions or problems. A slow response, even
for objective reasons, often leads to a lower rating.
Lower ratings mean lower visibility on platforms, fewer bookings
and pressure for lower prices
Depreciation without control
Without regular maintenance, small problems often turn into big ones.
repairs.
Self-management rarely includes a systematic inspection of the property,
preventive maintenance or renewal planning.
As a result, costs appear suddenly and are higher.
Stress as a real "cost"
Last but not least is the personal workload – constant messages, unexpected
situations or tension with neighbors or guests. This is a factor that is difficult to
measures, but directly influences the decision whether management is worthwhile.
When is professional management the better solution?
Professional management is not just a convenience, but a way to optimize
revenues, maintain a high standard, save time and effort and last but not least
place – keep your property in excellent condition.
Flat Manager поема цялостното управление – от комуникацията и ценообразуването
to maintenance and accountability so that your property runs efficiently and you
Keep calm.
