Corporate housing is an in-demand niche, with people willing to pay handsomely for high-quality accommodation on a temporary basis. As a landlord, this means you can make lucrative profits throughout the year.
However, corporate housing rental management isn't easy, and you need to excel in this sector if you're to secure new and repeat bookings. This is where rental management services play a vital role. These experts help landlords boost profits while also maintaining tenant satisfaction levels.
Keep reading to learn about the corporate housing solutions offered by a property manager.
Property Marketing
There is plenty of interest in corporate housing rentals, but this means there is also a lot of competition. However, effective marketing can make your rental immediately appealing to prospective tenants.
It's always best to use professional photos rather than the ones taken on your phone. Your listing should also highlight the positives of your property. For example, if a company is seeking accommodation for an employee, they may want to know if there is a room that can be used as an office.
The employer might also be eager for the property to have strong Wi-Fi. Being close to transport links so their workers can meet with clients might also be a key factor. If you provide these details in your listing, it's more likely that you'll receive inquiries.
Rental Home Maintenance
A key part of temporary housing management is maintaining the property. Whether it's ensuring the heating system is efficient, or fixing problems such as a leaky shower, it's important to act quickly.
Your tenants will have high standards, and being prompt lets them know that you can meet their expectations. When you work with an executive housing management firm, they will have a list of contractors who will provide excellent service.
Rental Property Accounting
It's essential to keep detailed rental property accounting records. There may be many incoming and outgoing payments each month, and you need to record them accurately so you have a clear picture of your finances.
This isn't always easy to do, especially if you're busy with other tasks. But professional rental management services can do this on your behalf. They will provide you with a breakdown of your expenditure and revenue.
As the owner, you should also have online access to these reports, showing you how much you're earning each month. You'll then know how much you owe in taxes, and be able to determine if it's the right time to invest in another corporate housing property.
Contact Our Corporate Housing Rental Management Specialists
Corporate housing rental management is profitable, but it's also challenging. This is why it's best to get professional help from an experienced property management company.
At PMI Coastal GA, we focus on every detail. By leaving no stone unturned, we keep your tenants happy and increase your profits. As part of a larger franchise, we have the support and technology to provide a first-class service.
To schedule a consultation about your corporate rental property needs, contact PMI Coastal GA today.
