Lake of the Ozarks Vacation Rentals: 4 Benefits of Hiring a Professional Property Manager

Do you own a second home at the Lake of the Ozarks? Are you, or have you, considered renting it out to vacationers for some extra income? Turning your home into a vacation rental at the Lake of the Ozarks is a great idea. But can you handle it all on your own? Today's blog discusses some of the benefits of hiring a professional property manager.

1. Property Managers have Reliable Vendors for Emergencies.

What happens when your guest calls to say that the AC went out? You are responsible for accommodating them and finding someone to come out and get it fixed. When you choose to hire a property manager at the Lake of the Ozarks, they can take care of all those issues for you. They have a list of vendors that they work with on a regular basis, that they trust to get the job done right. Whether it's an HVAC, appliance, plumbing, dock, lawn care or any other type of problem, they've got you covered!

2. Housekeeping Services are Provided by a Property Manager.

After each guest, your home or condo at the Lake of the Ozarks will need a thorough cleaning before the next guests arrival. Will you be doing that housekeeping? Will you have to hire someone to do it for you? What if they aren't available when you need them? Property mangers will either have housekeepers on staff or have contract with cleaning companies that they work with on a regular basis to ensure a flawless cleaning schedule.

3. Property Managers Know How to Market Vacation Rentals.

You have a property that's ready to rent, great! Now how do you get people to come stay there? Aside from letting your family and friends know (who are going to want a discount), how will you market your vacation rental? While working with a property manager does incur a small cost, your property will have a lot more visibility which will lead to more reservations in your vacation rental. Property managers spend thousands of dollars each year on advertising to attract guests. Your home or condo could be included in that marketing.

4. You Don't Have to Deal with Money and Accounting.

In addition to marketing help, a professional Lake of the Ozarks property management company is going to take care of all the accounting. The staff is going to take payments, send contracts and coordinate the entire guest stay from booking to arrival to departure. Their accounting department is going to handle your monthly statements, expenses and income distribution, and they will provide you with yearly 1099's to make tax season a breeze.

This are just a few of the many benefits associated with hiring a professional property manager to take care of your vacation rental property at the Lake of the Ozarks. For more information about the Your Lake Vacation rental program, give us a call at 573-365-3367. We would love to discuss adding your property to our program!