Within northern California’s scenic El Dorado County, South Lake Tahoe is the largest city, as well as being the most popular vacation destination throughout northern California. It draws in a large number of local, regional, national, and international tourists each year, while offering a wide variety of ordinarily seasonal amenities and a comfortable, enjoyable climate year-round. With both winter and summer sports, scenic hiking trails, and a long list of luxury accommodations available, it’s small wonder that South Lake Tahoe vacation rentals property management is such a booming business, with many homeowners offering up their own homes while they’re away, and others buying up properties specifically to rent them year-round.
Some homeowners choose to handle their own vacation home rentals. They see this as saving on the cost of hiring a property management firm to handle their business for them. In the long run, however, a property management firm can actually save a homeowner tens of thousands of dollars… as well as sparing them from several major headaches, which are common in the vacation rental industry.
A homeowner who handles their own property rentals must vet their own prospective tenants in advance. Typically, this involves a simple interview process, as paying for background checks one at a time can rapidly become very expensive. As a result, homeowners who rent their homes privately are more likely to fall victim to scams, as well as to tenants with a history of problematic behavior (such as property destruction, drug abuse, and skipping town without paying their rent). It’s easier to fool a person than it is to fool a detailed background check. Said homeowners are even more likely to fall victim to such disastrous tenants because scammers and con artists look for homes to rent which aren’t covered under the auspices of a rental agency in the first place.
A property management firm has an ongoing relationship with an agency which is paid to conduct background checks in bulk. They are capable of vetting prospective clients far more thoroughly than your typical homeowner will be.
Many homeowners who rent their own homes privately try to take care of property damage and incidental wear-and-tear themselves. This results in work often going neglected due to their being overburdened by the number of properties in their care – or being located some distance away from the homes they’re renting out. It also results in sub-par and amateurish work, particularly if the homeowner attempts to save money by paying someone who isn’t properly skilled or certified to perform work such as roof repair, drywall repair, and plumbing repair.
Property management firms have established relationships with professional workers in a variety of repair and maintenance industries. These professionals perform work for them at a discounted rate due to the volume of work that the property management firms pass along.
Hiring a property management firm to handle your vacation rental properties in South Lake Tahoe isn’t free… but doing so presents a number of financial advantages in acquiring the very best of services for your property. You pay less than what you would pay to acquire them individually yourself, and you’re spared the headache of having to deal with tenants, rent collection, and day-to-day issues with the property in person.