How to Choose Holiday Let Management Service

If you are one of the over 1.5 million homeowners in the United Kingdom with a second property, you may wonder how to make money from it. One option is to let it out to holidaymakers. The holiday let industry in the UK (United Kingdom) has seen steady growth in recent years and is currently worth £9 billion.

Two main options for letting out your holiday property are: doing it yourself or hiring a holiday let management company. If you choose to do it yourself, you will need to handle all aspects of the business, from marketing and bookings to cleaning and maintenance. Hiring a holiday let management company can take some of the work off your hands but will come at a higher cost. Whichever option you choose, there is the potential to earn a good income from your holiday property.

Picking the right company for your property can be daunting, but it is essential. You need to know what makes a good fit and how much control you have over everything from price negotiations to season management – this article has tips on selecting an agency that will work well with both parties!

Holiday let management services: what to look for?

Keep the following things in mind when selecting a holiday home management company.

The size of the company

When choosing a holiday home company, it is crucial to consider the size of their staff team. A small company may not be able to provide the same level of service as a larger one. For example, they may only have a few cleaners, so there could be extensive delays in getting properties cleaned between guests. They may also only have a few maintenance staff, so any problems with the property may take a long time to fix. In addition, small companies may not have their reservations team, so you would need to deal with different people every time you call to make a booking.

On the other hand, a large company with many employees can provide a local account manager for each property they manage. By doing so, they will have someone familiar with the location on the ground. It also means you will always have someone on the property to check on it if anything goes wrong. In addition, their staff should have relevant industry experience. This way, you can be sure that your property is safe and that any problems will be dealt with quickly and efficiently. Having a local presence also allows the company to build a good relationship with the local community, which can benefit marketing and reputation.

There are a few potential drawbacks to working with a larger holiday let management company:

• They may have less flexibility when it comes to customizing their services to your specific needs. 
• They may be less responsive than a smaller company would be to any issues or concerns you have. 
• They may be more expensive than working with a smaller, local company.

Weigh all these factors carefully before deciding.

The cost of their services

A holiday management service can save you time and effort when renting your property. However, it is essential to understand the fees involved before signing up. Some companies charge an administrative setup fee, while others charge a percentage of the rental amount or a fixed monthly fee. In addition, it is essential to check the company’s policies on maintenance and repairs. By understanding all the costs involved, you can be sure that you are getting the best value for your money. 

What services do they provide?

Anyone renting an apartment or home knows that property management companies can be a godsend or a nightmare. The difference between an enjoyable experience and a bad one often comes down to the level of service provided. Some property management companies are simply in it for the money, providing the bare minimum for upkeep and repairs. Others take a more hands-on approach, working hard to create a safe and comfortable living environment for their tenants. Before signing a contract with any property management company, it is essential to do your research and make sure you know what level of service to expect.  

Here is a list of things you may be looking out for when choosing a management company for your holiday home:

• Does the company have a strong marketing strategy for advertising properties? 
• Do they have a transparent pricing structure?  
• What are their check-in/check-out procedures?
• What level of guest support do they provide? 
• Are welcome packages offered to guests?  
• Do they provide housekeeping and laundry services? 
• Do they use key safes and smart locks?  
• Do they carry on property inspections?
• What is their booking system?  
• How do they communicate with you and your guests?  
• Do they provide a portal where property owners can monitor their properties and voice concerns?  

Do you have to sign a contract? 

When hiring a holiday let management company, you must know what you are signing up for. Some companies offer flexible contracts that can be beneficial if they work for you. With a flexible contract, you do not have to pay management costs if you cannot afford them, and your property is entirely under your control. However, some companies may tie you down to an annual agreement. Before hiring a holiday let management company, ask about their contract options to make the best decision for your needs.     

What vetting process do they have? 

When you invest in a holiday let, you want to do everything you can to protect your investment. One of the best ways to do this is to choose an agency that offers guest screening. This process helps to ensure that your guests are safe and that they will follow your rules and regulations. By running background checks, the agency can verify that your guests are who they say they are and that they will not cause any damage to your property. As a result, you can rest assured that your holiday let is well cared for. 

Have they received any reviews?

When considering a new property management company, it is crucial to research its reputation. One way to understand how they operate is to check their Google My Business profile. It will show you their ratings and reviews from other customers. Look at the 5-star reviews to understand what people like about the company. But also look at negative reviews to see how the company responds to feedback. It can give you some insight into how they handle issues.

Final Thought

We understand how tough it may be to pick a property management company. With all the choices out there, it can be challenging to determine which one is the best fit for you. However, the factors discussed in this article can help you narrow your options and choose the best holiday rental management service for your needs. 

If you are looking to rent out your holiday home, but do not know where to start, please do not hesitate to contact us and we will be able to help.