There is ample opportunity to turn your property or properties into a prosperous rental business. But rental property management in Charleston, SC can come with a long list of logistics issues and complexities. The good news? If you’re looking for insight, tips, and tricks for property management in Charleston, SC, you’ve come to the right place.
Building A Successful Business Infrastructure
Now that your property is going to be a rental earning income, you have to start thinking of it as a small business. This goes beyond being able to balance the proverbial checkbook and thinking in terms of cash flow, fixed and unexpected costs. Without the right tools, experience and knowhow, successfully managing your rentals can be a huge time drain.
In tangent to accounting and time management, you will want to make sure you have all the permits from The City of Charleston. If you think being a property manager is as simple as dropping off a spare key—you might want to dig a bit deeper.
Improve Your Property Marketing
Charleston is one of the top travel destinations in the world for both leisure and business. How does one begin to compete with mega-hotels and major advertising dollars?
As a new property manager, you are going to need to know exactly who to target, what to say to them, and how to get their attention. Find what is unique about your rental and find the right avenues to express that to potential renters. As a lone property manager, your marketing budget should be at the very top of your list.
Deliver An Incredible Vacation Experience
Visitors interested in your properties are hoping for a high quality, unique Charleston vacation experience. Will you be able to deliver on that promise?
Successful rental property management in Charleston, SC means knowing The Holy City backwards and forwards. Even if you don’t consider yourself a professional, travelers expect a professional service. For instance, are you willing to be a personal concierge for your guests? Your visitors will want to know that their rental is convenient for getting the most out of their trip: local restaurants, historical sites, nightlife, and family friendly Charleston activities.
Consistent Maintenance & Inventory
Besides the initial setup, booking and guest communication, property managers must also value the importance of upkeep. These are all the little things that need to get done to ensure guests have a great stay while maintaining the perceived value of your property.
This can include cleaning—probably a professional service—along with home repairs to keep the property looking its best with such regular use. It is important to have a fine attention to detail in these matters. Is there a lightbulb out? Is there dishwashing detergent on hand? What if the internet goes out—does the guest know who to call? A small mistake could lead to a poor customer experience—and in today’s connected world, the word will certainly get out.
Better Rental Property Management In Charleston, SC
Does all this sound like a lot of work? It is. So why do it all yourself? When you hire Walk Away Stays to manage your properties in Charleston, SC, you can expect more bookings with less hassle.