A home is one of the most valuable assets we can own. And when we use our property to provide additional income, regardless of whether it is about renting it out with short term, medium term or long term rent, we often have to trust a company to completely take care of the apartment. Choosing the right management agency is essential to ensure you receive professional services that save you time, nerves and coordination with tenants and subcontractors for cleaning, repairs and more. In this article, we will introduce you to several important factors to consider when choosing a property maintenance agency.
- Choose a partner with experience and expertise
It is extremely important to choose a company that has solid experience in property management. A team with many years of expertise will understand your needs and requirements better and will be able to offer solutions that are most suitable for your property. They will be familiar with the various challenges that may arise and have the knowledge and skills to deal with them. - Research the reputation of your chosen agency
The agency's reputation is another important factor to consider. Check the reviews and testimonials of previous customers to make sure you will have a reliable partner. Read ratings and comments on Google, social networks, talk to other property owners who have used the services of the respective agency. - Check the services offered carefully
It is important to check what services the agency offers and whether they are in line with your needs and requirements. Find out if they provide complex property management, which includes creating and managing listings on relevant platforms, booking management, guest coordination, meeting/dispatch, cleaning, maintenance, as well as administrative and tax commitments. - Choose a company providing maintenance and cleaning
The cleanliness and maintenance of the property is a key fact when listing it on Airbnb. This means not only having a beautiful and cozy home, but also keeping it clean and working with all appliances and furniture in perfect condition. The agency you choose should have structured processes for cleaning and quality control, as this is fundamental to the success of your property on the relevant listing platforms. - Carefully consider the prices
Pricing is an important factor in choosing a property management agency. Carefully consider the agency commission and its relation to the requested services and commitments. Discuss what income and net profit you can expect from letting your property. It is important to be aware of what the services offered include and what the pricing principle is - for example, what additional costs, apart from the management fee, you would have for maintenance, minor repairs, taxes etc. Questions such as "How often will the property be visited?", "What are the conditions for additional costs?" and "How are cleaning and maintenance prices determined?" should be clarified in advance. - Familiarize yourself with the cooperation agreement
Before confirming cooperation, make sure you understand the terms of the contract and what your specific expectations are from the agency. Be careful and familiarize yourself with the points and clauses of the contract in detail to make sure that all conditions and commitments, as well as deadlines for the fulfillment of obligations, are specified. If you have specific requirements or preferences, you can insist that they be included. - Transparency and good communication
Last but not least for the successful rental of properties on Airbnb is clear communication between the agency and the property owner. A company that offers transparency in its financial statements, as well as regular communication with property owners, can provide peace of mind and confidence that the letting process will be efficient and successful for you.
Basically, when it comes to choosing an agency to manage your property, it's important to invest time in research and analysis to make an informed decision. Finding the right partner is essential to successfully renting out the property and maintaining a high rating on the platforms, which in turn is a prerequisite for better profit for you.
Don't miss to familiarize yourself with the services offered by Flat Manager - with over 7 years of experience, the company is a leader in the Bulgarian market for property management with short-term, medium-term and long-term rent. Flat Manager offers wide range of services and works with the largest platforms for offering apartments - Airbnb, Booking, Flataway and is the only Bulgarian company partner of Homes & Villas by Marriott International. If you need a consultation on the possibilities of earning more from your property without putting in any effort, fill out the contact form here.
