Posted on Tuesday, April 14, 2009 by
Amber Mayer
For many rental management companies, few words strike the same level of fear into their heart as by-owner rentals. But lately they have been catching on to the tactics of by-owners and instead of fighting against them, have learned to work with them.
As a result, many rental management companies have set-up programs to work directly with the by-owner or have provided programs that provide the owner the best of both worlds. How is that?
Many management companies who typically would charge from 25-35% commission are now letting their owners advertise and accept bookings on their own at a reduced commission rate. I’ve seen from 10-20% with local management companies here in the Destin, Florida area. For property owners, you get the best of both worlds in that you can rely on the management company to market and rent your property, while at the same time you can advertise your property online, take as many bookings directly as possible and save yourself some commission.
For the property owner who likes the idea of by-owner vacation rentals but doesn’t have the time or energy, this is a great solution. I’d encourage to find a local and experienced management company that offers this type of program if it fits into your rental property plan.