Rental Broker for the Busy Host

When you begin to enter the Airbnb world, there are things to keep in mind such as whether or not to hire a Rental Broker. One of the biggest reasons why you would ask yourself this is because you are looking to make some extra income or even make renting out your property your primary income. Regardless of either, we have some tips and tricks to help you make finding a great rental broker a successful one. 

One of the biggest things you need to keep in mind when starting to look for a rental broker is to do your homework. We all lead busy lives but a decision as important as this one needs to be carefully planned out and not rushed. 

Something to keep in mind when beginning your search is whether or not a rental broker works for him/herself or belongs to a major conglomerate. This matters in a big way especially when we talk price. Many independent places have a greater flexibility when it comes down to negotiating a decent price for their services. At the end of the day it all comes down to whether or not hiring a property manager is beneficial once you subtract the fees from the profit. Beware that many property managers tend to withhold the fee info until the very end when it comes time to sign a contract. Make sure you ask for this information upfront and keep searching if they do not provide it when asked. 

There are many benefits to hiring a property manager and these benefits should be considered when weighing the cost. A property manager can help with a variety of tasks such as finding you higher quality tenants. Sure, Airbnb, VRBO, etc all pre-screen potential renters but having someone in your wheelhouse to do just that is a huge benefit. Also, having a dedicated person or team to oversee the property if you live out of the area is a huge benefit. A property manager also has the ability to collect rent or lease payments on your behalf which takes the hard work off of you. Sit back and collect that rental income. 

One of the biggest perks to hiring a rental broker is they know the ways to market and advertise your property the correct way. This knowledge will help make sure your property is always booked by quality tenants and in turn will generate more revenue for you. Whats not to love?

Ultimately, it is your decision if you want to hire rental broker or not. Make sure you make a list of things you want to have the ideal broker handle and at the budget you feel is appropriate. 

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