Being a rental property manager is never the easiest of tasks. It becomes worse when you have to manage rental property during the holidays. That's when everything starts to go haywire. In times like this, you need a proper checklist that will help you get everything in order. The checklist will certainly make your life easier- almost as easy as owning a property management software program. There are some of these programs that do come with a holiday checklist!
Holiday rental property managers come into the picture when people decide to rent their property out as holiday rental accommodation. Though this may seem like a decent way to earn some money, it sure can get tricky. It is important that you follow a series of activities, so neither you nor the tenant has to face any issues. Here is the checklist of the things that have to be done:
1. Property management documentation
The first thing you have to do is ensure that all the documentation is in place. You have to make sure that all the regulatory requirements are met, or you will certainly be penalized. As a property owner, you would have to get in touch with the house owner. A suitability inspection, and an appraisal might have to be performed, following which an peak and off-peak pricing chart is to be formed. Following this, the property manager should ensure that the keys have been duplicated and kept safe, and any special requests from the home owners should be recorded. The payment process for the holiday rental property should be set up as well.
2. Preparing the property
Once the documentation is ready, you have to worry about preparing the holiday rental property. The property has to be cleaned and decorated to welcome the vacationers. It's recommended that the cleaning be done by a professional cleaning company who will do a thorough job of it. As the manager, you should remember to change the sheets and ensure that there are some spare towels, linens, etc. as well. If the vacationers have paid for a kitchen, you have to make sure it is stocked, as well. It's good for you to take an inventory report of the things that were in the room before the tenants come in, so that it is easy to conduct a check once you have left.
The last thing that the property management software manager has to take care of is the utilities- arranging for the water, ensuring there is electricity, that the TV works, the phone and the internet work, etc. If the tenants are planning on staying there for a long time, some arrangement has to be made for dry cleaning, cleaning the house or even gardening.
It might be wise for you, as the property manager, to recommend the house owner to get landlord insurance before letting people in during the holiday times. These are certainly simple steps, but you will require an eye for detail to get the entire thing done- this is what separates the actual managers from the property management software programs after all.