With the rise of sites like Airbnb, professional vacation rental managers have gone from managing almost all such rentals 10-20 years ago to managing around 40% today. As a manager, those statistics may seem daunting. However, it is still possible to grow your rental property portfolio by winning over the Rental By Owner contingency by showing the valuable, time-saving, risk-free solution that professional property managers can offer.
PLAY UP YOUR STRENGTHS
Keep in mind that the key to good rental acquisition is playing up your strengths to obtain properties with potential. Don’t get caught racing to the bottom of the rental market and taking whatever you can get by offering a low commission and a more limited service. And remember that people may associate low fees with low quality, which could lead to high attrition rates down the road.
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