Property Management for Second Homes
Do you own a rental property but don’t have the time to manage it? Or perhaps you’ve recently inherited income property but you live miles away from its location? It might be time to consider property management services. If you have questions or need recommendations, I am here to help!
Property management and home watch companies offer a wide range of services for second-home owners. From routine maintenance to concierge services, they can protect your property from potential problems during your absence and make it turn-key ready for your visits.
Costs vary among providers depending on the types of services you want, the frequency of inspections, whether you have a swimming pool or other water features, along with the size and location of the property.
The inspection you’ll most likely need is monthly testing of all appliances and systems in the home, including alarm system, air conditioner and plumbing to make sure they’re working properly. The property manager will also notify you of signs of wear so repairs can be made.
Concierge services can include hiring and supervising housekeepers, landscapers, pool cleaners and repair professionals. Property managers can accept deliveries for you, forward your mail and prepare your home for your arrivals with groceries, fresh flowers and ironed linens. If you rent your second home annually, including short terms and peak seasons, your property manager can advertise the property for rent, vet renters, collect payments, and clean up the home when guests depart.
A written contract should detail exactly what the property manager is to do as well as fix the fees for the term of the contract. To find the best property manager, ask friends and neighbors who they use, or contact your Berkshire Hathaway HomeServices network professional for referrals. Interview several property managers to compare prices and services.
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