Property Management Blog

Landlord’s Guide to Preparing Your Boca Raton Vacation Rental Home for Guests

System - Friday, August 30, 2019

Once you decide you want to make some extra cash and turn your Boca Raton property into a vacation rental home, there are some things you need to consider when preparing for this move.

Here are some of our tips to getting your home ready to be a vacation rental.

Furnish the Home Completely

First off, make sure your property is furnished completely. Vacation guests will expect to find a vacation rental fully furnished and well-equipped. The property should be ready for them to enjoy. This means the kitchen should be stocked with complete sets of pots and pans, glassware, and silverware. Bedrooms should have beds completely made with extra sheets accessible and available.

Quality is Key for Vacation Rentals

One of the things we cannot stress enough is to really invest in quality. This will ensure you have a successful vacation rental. When you go to a nice hotel, think of the qualities that make it the best. You have an amazing bed with comfortable sheets. You have the softest towels in the bathroom. You go to this hotel, and everything feels so good. That’s what you need to provide in your vacation rental. Really invest in beds, sheets, towels, etc. Keep the best pots and pans in the kitchen with shiny silverware and sturdy glasses. Quality in brings quality out. People will love and give rave reviews because everything was comfortable and very high quality.

Go the Extra Mile with Your Home

As a vacation rental landlord, you really want to put yourself in the shoes of the guests. Go that extra mile to make your guests feel welcome. Add some extras along the way in the rooms. In the bathroom, keep shampoo, conditioner, and soap. In the laundry area, provide detergent and dryer sheets. In the kitchen you can provide bottled water or leave coffee packs for the next morning. Put yourself in the guest’s shoes. Maybe they have been traveling all day with kids. The vacation rental they arrive to may be perfect, but think of how nice it would be to arrive and open the fridge to find a nice bottle of water.

Going the extra mile always adds a little something extra to your rental and is appreciated by guests.

If your rental is around a beach or lake or someplace where water is within walking distance, it’s always great to provide bikes, beach chairs, or kayaks for your guests to use. These are things guests will enjoy and appreciate not having to bring or pack themselves. They will love having them once they arrive at their vacation rental. Every cent you spend to improve your guest’s experience will come back to you. This will be in the form of reviews, bookings, and returning guests.

Really invest in your vacation rental because your investment will guarantee your future success.

If you have any further questions about how to prepare your vacation rental in Boca Raton or the surrounding areas, please feel free to contact us at Domu Property Management.

Using Your Vacation Home as a Vacation Rental: What to Know in Boca Raton

System - Friday, August 16, 2019

We all know that the vacation rental business is exploding right now. There are a lot of landlords and investors looking at vacation rentals as a viable way to make money. There is also a whole other group of investors that have had second homes for a long time, especially down here in south Florida, that come and use the home a few times a year or have family use the home, but it’s not being used all the time. 

Only using your vacation home a few times a year is basically like leaving the money on the table. There is a great opportunity to put your home on Airbnb and rent it out as a vacation rental when you aren’t using it.

Keeping the Home Safe

One common concern for owners is their personal property in the home. There are things in the home that you may be emotionally attached to or things you have spent a lot of money on, and you don’t want people to damage those things. If that is one of your concerns, you don’t need to worry. One of the things we do in all the homes we manage is to set up owner closets. There are specific closets around the rental home where we keep the owner’s private things. These are things that the owners do not want renters to use or have the potential to ruin. Even if it’s the towels and the bed linens, you can put those in the closet to keep them safe.

Buy Plenty of Insurance

Most vacation rental sites and Airbnb rentals come with insurance. The listing itself is protected with a million dollars of insurance, so there’s a good chance anything that could potentially go wrong would be covered financially.

Peace of Mind with Extra Security Deposits

When you don’t want to make a lot of changes to your home because you still plan to use it yourself, we can charge your vacation renters an extra security deposit. This guarantees that renters will be extra cautious not to do anything to damage the property. They’ll want to get that deposit back.

Reviews for Owners and Vacation Renters

feedback - thumbnailVacation travelers have a profile on vacation sites and they get reviewed. So just like they review you and your rental, you have the opportunity to review them as well. A traveler does not want a bad review because then a future landlord or homeowner will not rent to them. 

Vacation renters are going to be very different than normal, long-term tenants. The wear and tear on the home is going to be different, and you can prepare your home by taking away anything of value and putting it out of potential harm’s way. You can give your rental the look and feel of what it’s like to own it and enjoy it yourself, even if you’re renting it out. 

Please contact us at Domu Property Management if you have any questions about renting out your vacation home.

Landlord’s Guide to Utilizing Technology for Your Boca Raton Vacation Rental Property

System - Friday, August 2, 2019

Vacation rental sites have become incredibly popular, and it’s amazing how much money is going into optimizing the industry. You’re probably familiar with sites like Airbnb and Vacation Rental by Owner (VRBO). There are all these websites that actually allow you to take pictures of your property, list it, and put it up online.

If your goal is to just have one vacation rental, you could probably get away with just doing that. You can list the rental on Airbnb and VRBO and link it to have the rentals go between each site. If, however, you are a real estate investor or someone who is using vacation rentals to make some extra money on the side or maybe this is your vacation home that you are now choosing to rent while you are away, you are going to want to use technology to maximize your return.

And by maximize your return, we mean return on time. If you can use technology to automate your processes, there is a huge return to earn on your investment.

Sync with SmartBNB

SmartBNB is great because it allows you to upload and connect your Airbnb and VRBO so you can input automatic responses and automatic emails so you can communicate with guests 48 hours after they check in.

Try PriceLabs

PriceLabs syncs your Airbnb and your VRBO platforms and allows you to put price ranges on your rental. For instance, if the property is not rented by a certain date, it will allow you to select a price reduction based on the rental deadline you set. It allows you to change and adjust your pricing based on demand. Usually, you have to go into the system and adjust it manually day by day, but with PriceLabs, the system will do it for you.

Working with Logify

Logify allows you to upload your listings from Airbnb and VRBO, and it has a reservation software and a tool for you to create your own website. Airbnb and VRBO do not do what they do out of the goodness of their hearts. They are businesses. Businesses charge owners and travelers fees for using their service. Logify allows you to capture your clients or have a landing page of your own to gather clients.

Browsing a website - thumbnailOnce you get your clients from Airbnb, if they are ever a returning guest, you can have them come through Logify instead of going through Airbnb. So, when you’re able to get them into your rental through Logify rather going through the Airbnb or VRBO first, you’ll spend less on fees, and so will they – which means you can increase your prices since it will still be cheaper for them to reserve directly through you.

These are the three main technology sites that can help you run your vacation rental. If you have any further questions, please contact us at Domu Property Management.

Top 10 Questions to Ask a Property Manager in Boca Raton, Florida

System - Monday, August 28, 2017
There are a series of questions to ask a property management company when you’re looking for professional management services. Today, we are sharing the 10 most important questions to ask a property manager.

1. How many years have you been in the business? You want a property management company that has been around the block a few times.

2. How many properties do you actively manage? The more properties they manage, the better systems they probably have in place.

3. Do you work with investors, and are you an investor yourself? Over the years, I have found that property managers who are also investors are more prone to taking care of your property like it’s their own. They will go the extra mile to take care of preventative maintenance, and that saves you money.

4. What is your application process? Make sure the management company has a detailed and thorough application process. You want a complete background screening and a search for evictions. This will help you avoid placing tenants who may be problems down the road.

5. How do you handle the security deposit? Some management companies will hold the deposit in their own escrow account, and others will require the landlord to hold the deposit in an escrow account. Find out who handles this, and make sure it’s done legally by the book. You don’t want any issues when the tenant moves out.

6. Do you use property management software? There are so many different types of software now, there’s no reason for a property manager to still be using pen and paper. This technology will help your tenants submit inquiries and work orders online, and it allows owners to track everything that’s going on with their properties. Easy reports are generated every month.

7. What is your management fee? This will vary and many times, you might think you’re getting a lower management fee, but then hidden fees will show up. If it sounds too good to be true, it probably is.

8. Will monthly statements be provided? You should get a statement with your rental payment every month.

9. Who is responsible for communicating? Make sure you have an idea from the beginning of who is responsible for getting in touch with you.

10. Do you work after hours? You want your property manager to at least be accessible after hours. For your peace of mind and your tenant’s peace of mind, you need a management company who is available by phone late at night and over the weekends.

If you have any questions about what to ask a property manager or you need more information about Boca Raton property management, please contact us at Domu Property Management.

How to Screen Tenants the Right Way in Boca Raton – Property Management Tips

System - Monday, August 14, 2017
Knowing how to find a good tenant is an important part of being a successful landlord. Knowing how to avoid bad tenants is just as important. A lot of times, if you have a property that’s been vacant for a while, you just want to find a tenant as soon as possible because your empty property is costing you money. It’s tempting to want to put the first person who comes by into that home. However, there is a lot of value in properly screening applicants. Today, we’re talking about how to screen tenants.

Property Management Boca Raton: Background Checks

You’re looking for a tenant who can pay rent and has a good history of taking care of properties and not leaving any damage behind. So, when you’re screening someone, the first step is to run a background credit and criminal check. You want to make sure there isn’t a criminal record or a history of getting evicted. If you find an eviction history, there’s a good chance that it will happen with your property, too.

Property Management Boca Raton: Income Requirements

Next, you need to check the income of potential applicants. Make sure they have stable jobs and income that matches your requirements for the rental property. Some people want a tenant who earns three times the rent or even as much as five times. Regardless of your standards, make sure you implement them consistently when screening tenants.

Property Management Boca Raton: References

Tenants do give you references on the application, and you should take the time to call everyone. By really talking to previous landlords or employers, you get a chance to find out more about the tenant and what type of person you may be renting to. You can find out their history in other rental properties. They might pay on time, but if landlords tell you the property was always messy and uncared for, you may not want that tenant in your property.

Do a complete screening and you’ll end up with a great tenant. If you ever have any questions about how to do a tenant screening, or you need help with the process, please reach out to us. You can contact us at Domu Property Management for any of your Boca Raton property management needs.

3 Reasons to Find a Good Property Management Company in Boca Raton, FL

System - Monday, July 31, 2017

If you’re not sure how to find a good property management company, talk to different managers about what they will do to help you be a more successful landlord. Today, we’re sharing three reasons that you should work with a professional. These are the qualities of a good property manager, and you’ll have a far better experience when you work with someone who reflects them.

Property Management Boca Raton: Time

Hiring a property management company will save you a lot of time. Many people say they would like to invest in real estate, but they are concerned about the amount of time it will take to actively manage the property. They know that dealing with tenants can be difficult, and taking care of maintenance issues and requests can be inconvenient. When you’re working with a professional management company, your manager will take care of everything, including tenant relationships and the maintenance of your property.

Property Management Boca Raton: Market Knowledge

Professional property managers have better knowledge of the local rental market. One of the biggest mistakes that investors and property owners make is to overvalue or undervalue the property. This will result in losing money. If you overvalue your home, it will be vacant for longer because you won’t have a tenant willing to pay the rent you’re asking. If you undervalue it, you’ll be earning less than you could if it was priced properly.

Property Management Boca Raton: Leasing

A better leasing process is another benefit of working with a good management company. We are experts in screening and doing background checks on tenants. This means you get a high quality tenant and you face a lower chance of going through an eviction, which is costly and time consuming. You won’t have to worry about missed payments. With a professional manager, you lower the risk of putting a bad tenant or a problem tenant in your rental property. 
If you have any questions about how to find a good property manager or anything pertaining to Boca Raton property management, please contact us at Domu Property Management.

Why Owners Trust Domu Property Management in Boca Raton, Florida

System - Monday, July 17, 2017

At Domu Property Management, we have been in the business of real estate investing and property management for nine years. Today, we’re talking about why owners and investors trust us with their rental properties.

Personal Management Experience

I started as an investor myself. I have a portfolio of rental units, and I could never find the right property management company to take care of them. Any time I asked questions, I never felt entirely satisfied with the answers. So, I started managing my own properties. I began to dial into all the processes and procedures that are required to successfully operate rental properties. I learned what it would take to have well-managed properties occupied by high quality tenants who don’t damage the home and who pay rent on time.

Property Management Boca Raton

After successfully managing my own investment properties, I quickly got the attention of other local investors. They began asking me to manage their properties, and so I started doing that. Now, we are in the business of helping people buy, sell, and manage their investments. We know the local market very well, and we can help people at any stage of their investment careers. We are knowledgeable, experienced, and able to help rental properties perform better.

Vendor Relationships

We also have great relationships with vendors who have been vetted by personal experience. Every vendor we use for the properties we manage is a vendor we have used on our own properties. We look at your properties as if they are our properties. Any issues or concerns are dealt with affordably and efficiently. This has been the main difference between us and a lot of other property management companies in the area.

If you have any questions about Boca Raton property management or the services we provide, please contact us at Domu Property Management.