Choosing a Holiday Rental Property Management Company in Noosa 

Struggling to manage your Noosa holiday rental properties while juggling your job, family, friends, and other responsibilities? Maybe you do the job fairly well, but you might also be thinking that it should be left to the professionals for the best results.

Or did you just add to your portfolio of holiday rental properties and find it hard to manage all of them? Perhaps you have a holiday home that is rarely used but realise that you’re sleeping on a gold mine?

Whatever the case, a holiday rental property management company can unlock explosive benefits for your property. Increased property exposure, improved online rating, maximum profitability, growth, improved guest relations and so much more! 

However, how do you choose the best company for you? Read on for an in-depth analysis of choosing a holiday rental property management company in Noosa.

When to Hire a Property Management Company

Many investors and homeowners choose to manage their properties privately. However, situations arise that necessitate engaging a rental property management company. These may include: 

• Exhaustion from handling too many tasks
• A growing rental property portfolio
• Lack of interest in handling tenants one-on-one
• No longer interested in personally managing the properties
• Unfamiliarity with property management laws and regulations

Narrowing Your Search

Without a doubt, the first place everyone goes to when doing their research is Google. However, a quick Google search will leave you even more confused and stranded than you were given the millions of search results it will generate. Luckily, it is possible to get specific results by narrowing down your search. Here are a few tips to assist you:

• Be Specific

When searching online, include keywords that will return specific results. For example, if your properties are along the coast, including words like “beach” and “ocean views” in your search will lead you to holiday rental property management companies with a presence on the beach or with similar experience managing such properties.

• Referrals

This is a tried and tested way of finding competent services regardless of the industry. By reaching out to other property owners that have engaged property management companies, you can get referred to the best in the business and schedule appointments with these companies.

What Services Does the Property Management Company Offer?

Before engaging any holiday rental property management company in Noosa, you need to have an understanding of the range of services offered. The services offered have a direct influence on both the quality of service and the cost of hiring the company. 

Comprehensive services give better customer experiences, increasing profits in the long run. Here are typical services offered by most companies:

• Tenant screening and selection
• Property repairs and maintenance
• Rent collection
• Marketing rental properties available
• Lease negotiations and signing
• Customer engagement 

Understand Property Management Fees

Are you wondering how much property management fees you will part with from your rental income? Luckily for you, there are several fee model options to choose from when deciding on a property management company.

• Commission-based model: In simple terms, the property management company is paid according to the number of properties that have been rented or booked. However, the commission rate may differ between companies.
• Fixed-rate model: Typically, the property owner and rental management company agree on a fixed percentage of the rental income that will go towards fees. 
• Guaranteed model: In this model, the property owner guarantees to get a fixed income per month. Any additional income goes to the management company as fees.

What are the Benefits of Property Management Companies

When it comes to property management, here are some of the benefits you stand to gain as a property owner:

• Property managers free up your time to enjoy other activities while your property is earning you income.
• Maintenance and repair of your property can be outsourced to professional contractors. 
• Rental management companies provide marketing and listing services for your property.
• Rates can be set in a reasonable manner that adheres to different seasons and market changes.

List Your Noosa Holiday Home on BNB Booking!

When it comes to selecting a holiday rental property management company in Noosa, BnB Booking is the best in the business. We offer professional and quality management services at an affordable rate. Get in touch with us today for courteous, professional, and authentic services!

Please call us at BNB Booking today on 1300 421 029 or leave an enquiry and we will get back to you as soon as possible.