Coronado sees an influx of tourists and a disappearance of many locals come summer. It’s as predictable as the sunrise. Perhaps you are currently planning your own summer escape.
If you’re leaving your property for a length of time, a good question to ask yourself is, “Does a property manager make sense?”
It’s an even more relevant question if you are renting out your home to vacationers. With homes fetching between $10,000-$15,000 a month during the summer months, many homeowners take this time as an opportunity to pay for their extended travel.
Filling Your Vacation Rental
According to Coronado city municipal code, no residence can be rented for less than 26 days. Accommodating this length of time can be a challenge. This is why ParkLife takes the lead on finding long-term tenants.
We have three different streams for attracting tenants. First, we have built long-standing relationships with people who rent with us every year. Second, we market our properties. ParkLife has an exclusive partnership with eCoronado through which we reach 60,000 people a month from over 140 countries. Lastly, we have new renters constantly reaching out to us. Renting from a property management company is more secure than from an individual you’ve never met. Renters also appreciate the high standards and reliability of a property management company. The house will be clean, a team member will be there to meet them with the keys, and someone will quickly address any issues that arise during their trip.
When to Promote Your Vacation Rental
Our best advice: start early.
While summer may be a far-off thought, vacationers are in full pursuit of their accommodations. As soon as summer winds down, calls for homes begin for the next summer. By the time February rolls around, we start getting desperate calls for rentals.
Some homeowners don’t make the decision until late April or early May. Unfortunately, most renters secured their lodging months ago. While not impossible, renting out your home becomes a challenge.
For the best chance at filling your home for the summer, start promoting your property early.
Murphy’s Law is Alive and Well
Every summer a refrigerator and a water heater go out. Guaranteed. Some summers see the expiration of multiple appliances. And in true form, the fridge always goes out completely stocked with groceries.
While this isn’t a major issue in a vacant home, tenants aren’t as forgiving. We receive frustrated calls when something as simple as the coffee machine quits. Imagine the frustration when major appliances go out.
Especially if you are leaving town, having boots on the ground is essential. We ensure that any issues are addressed immediately. Our strong relationships with local service providers around the city mean that our requests get addressed first. Doesn’t look like the fridge can be replaced until tomorrow? We arrive with coolers and bags of ice.
Conclusion
Having a reputable Property Management company oversee your property is more affordable than you think! It also takes a large burden off of your plate. To learn more about how ParkLife services can help you have a successful season as a vacation rental owner, contact us today.
