Now that you are ready to list your vacation rental here in Flagstaff, you may be wondering about the pros and cons of self-managing a rental property. When it comes to managing a property on your own, there are a lot of factors at play that can affect your success. Take a look at the pros and cons of self-managing a rental in Flagstaff:

Pros:

Direct Control

Managing your own vacation rental means that you are in control of everything. This control comes in the form of you being able to set the price point for your vacation rental, providing maintenance to the home, guest communication, and the overall management of the property. Having control means you can do whatever you want to the property. Having direct control is a great idea for some owners, but many come to find out that they will miss out on information and details that will help them maximize the profits on their property.

Cost Savings

Of course, when you are considering renting out your own property, we will want to make sure to bring down all costs as best as possible. The higher the costs, the less you earn running your vacation rental property. Managing your property on your own in Flagstaff can help bring costs down. Property management services do need to be considered for the overall value and intake on your property. However, what you will find is that our property management services will more than make up for the cost with the services we offer.

Cons:

Legal and Regulatory Challenges

When you are making a profit on your vacation rental, it will be considered an income. The state of Arizona has its own specific legal landscape for short-term vacation rentals, and the city of Flagstaff has their own laws as well. Navigating the legal and regulatory challenges can be difficult, especially if you do not know where to look.

Time Consuming

Navigating the legal and regulatory challenges is not the only time consuming aspect to self-managing your vacation rental. Owning and managing the property means that you will be on call 24/7 when you have a guest. Any time that a problem arises, you will be the one to take care of it, no matter the hours. Communicating with guests can also be time consuming. Everyone is bound to have questions, especially if it is their first trip to Flagstaff. Once a guest has left, you will be the one in charge of cleaning and maintaining the property. Many guests report that cleaning is always the most troublesome part of managing their own property. Cleaning can entail many different things, including washing all the bedsheets and towels, cleaning common surfaces, taking out the trash, washing the dishes, and more. You will find that managing your own property can be quite time consuming.

Marketing

Perhaps one of the biggest things people who self-manage their property lose out on is marketing. When you promote your property on your own, you may have limited means to do so. Posting your property on social media will barely scratch the surface of potential guests out there. Instead, property management companies like ours use a booking system that makes it easy to find your property and have it booked with a few clicks. Without being featured in a listing like this, you may find that your property rarely or even never gets booked out. You cannot get a return on your property investment if you do not find clients to book it.

Lack of Expertise

Many successful vacation property owners have one thing in common: experience. If you are just starting out with the property rental business, you will find that you have a lot of questions with very few answers. Our property management services will provide you with the knowhow to make the most of your rental. Our team are always a click or phone call away to help address any concerns or questions you have. The same goes for your guests if they have any questions. Instead of waking you up in the dead of night, they can contact our team to get the help they need.

No Better Way to Manage Your Flagstaff Property

The choice is clear: Our property management services will make the most of your rental here in Flagstaff! Contact our team today to start making the most of your investment property.