About 3.6 million people visited Dallas, Texas within a single year, with 57% of visitors staying overnight. If you own rental property in Dallas, you have the chance to start generating revenue. Rental management involves a lot of tedious responsibilities, however.
Instead of doing it all alone, consider hiring a short-term rental management company. Not sure who to choose? Read on for the tips you need for a thorough, stress-free search!
1. Outline Your Needs
There are over 310,000 property management companies in the US. Not every company will offer the short-term rental management services you need. To start your search, consider where you need help most.
Look for a rental management company that offers comprehensive services. For example:
- Cleaning
- Maintenance
- Managing guest inquiries
- Leasing management
- Tenant screening
- Marketing
- Rent collection
Ask each company if they can tailor their services based on your needs and expectations. Determine if they use state-of-the-art technology to ensure efficiency.
As you review the services each company offers, ask about their prices. Don't fall for the trap of choosing the cheapest short-term rental management service. Prioritize quality instead.
An experienced, qualified team will know how to best help you accomplish your goals. Ask how their services can benefit you as a short-term rental owner.
For example, perhaps you struggle with vacancies. They can develop a marketing plan to help you find people traveling to Dallas.
Ask each company for a copy of their contract. Review the terms and ask if there's a cancellation option.
2. Check Credentials
Determine how long each company on your list has offered short-term rental management services. Some real estate companies have only recently started helping short-term rental property owners. These companies may not have relevant experience or expertise.
An experienced property manager will understand your needs. They know how to target people who are visiting Dallas.
Determine if the company is licensed. Ask if their property managers have completed training courses or have relevant certifications.
Learn more about each team's process. How will they help you find and screen guests? Determine if they use state-of-the-art technology to streamline processes.
3. Read Reviews
Read client reviews posted by other short-term rental property owners. Positive reviews will indicate you've found a reliable company you can trust.
Consider the negative reviews you find. Are the complaints similar? For example, maybe the property manager wasn't responsive.
If you find numerous complaints about a company, remove them from your list of options. If you only find one or two, use your best judgment.
Hire a Short-Term Rental Management Team
Don't make the mistake of finding an unreliable property manager. Instead, use these tips to find the best short-term rental management company. Their services will help you avoid the stress of completing rental management tasks alone.
You don't have to keep searching for a rental management company. PMI Big Tex has nearly 20 years of experience in the industry. We specialize in Texas's short-term rental market.
We're committed to enhancing, improving, and adding value to your property. Contact us today to learn more about our services.
