Why You Should Hire VHKW to Manage Your Vacation Rental Property
Are you looking for a reliable and experienced property management company to take care of your vacation rental property in Key West, Florida? Since the vacation rental management industry is a rather competitive one, hiring a well-experienced, locally owned company that knows everything about the area is essential. In this regard, Vacation Homes of Key West (VHKW) can be your ideal candidate for the job.
Buying a vacation home in popular tourist destinations can be a rather lucrative investment. With the vacation rental market growing at an impressive pace, owning a vacation home in areas such as Key West can provide you with an additional stream of income all around the year. In addition, owing to the growth in the local population, these properties appreciate at a higher rate compared to other residential and commercial real estate investments.
However, owning a vacation rental property is vastly different from managing one. From creating marketing campaigns and paying taxes to oversee maintenance and collecting rental fees, running a successful vacation rental business is a full-time job. For this reason hiring a specialized property management company, such as VHKW, can make your life much easier.
Advantages of Hiring a Vacation Rental Property Management Company
Renting your own vacation home can eventually become demanding. However, a good vacation rental property management company can help you run a smooth and profitable business without any problems.
Below are some of the most important services provided by property management companies, such as VHKW, which specializes in Vacation Rental Management (VRM).
Providing exposure to your property, thus increasing your profits
Screening guests and making reservations
Creating a rental contract and collecting fees, security deposits
Filing required taxes and acquiring relevant licenses
Overseeing maintenance and upkeep of the property
Responding to emergencies
Improved online ratings and meaningful customer relations
Enhanced potential for growth
Peace of mind
Why You Should Choose Vacation Homes of Key West to Manage Your Vacation Rentals
With over 20 years of experience in the industry, VHKW has a comprehensive understanding on how to run an efficient vacation rental business. We have extensive knowledge about all aspects from real estate management and marketing to customer service. Our staff members are highly qualified professionals who can help you maximize occupancy rates for your property with no hassle whatsoever!
A Locally Owned and Operated Business
Vacation Homes of Key West was established in 1997 by Cindy M. Rhoades, Ph.D. What sets it apart from other property management companies is the fact that it is a locally owned and operated business with an in-depth knowledge of the area including the private island of Sunset Key, where we have been doing business since 2013.
We pride ourselves on providing personalized and integrated services to each of our clients. As a fully licensed vacation rental company, our focus lies in marketing, renting, and maintaining weekly and monthly vacation rentals. Moreover, like other renowned companies in the industry, VHKW also uses a proprietary software program that provides real-time financial reporting. It is also integrated with a custom marketing and management website, ensuring a seamless and transparent vacation rental business.
Licenses and Regulations
The administrative staff at VHKW has a keen understanding of all the licensing requirements and restrictions regarding operating rental properties in Key West and Monroe County. We are also responsible for registering your property with the State of Florida, City of Key West business tax receipt, creating vacation rental contracts, and collecting and paying Florida State Sales Tax.
Furthermore, if you own a vacation rental property in Sunset Key, VHKW understands and follows the Sunset Key rules and regulations for guest approval, reservations, and rental contracts. Along with obtaining Monroe County Rental License, we will also take care of the Monroe County Tourist Tax, among other fees and payments.
Payment and Record-Keeping
One of the main reasons you should hire VHKW for property management is its detailed record-keeping services.
As a thriving business, we make sure to keep our clients updated in real-time through our online reservation calendars and rental income owner pay reports. We keep comprehensive records for each vacation rental, rental fee collection, security deposits, repairs, maintenance, emergency services, housekeeping services, taxes collected and paid, monthly statements, 1099s, end of the year profit and loss statements, and much more.
Maintenance and Housekeeping
We offer housekeeping services to provide our guests with a remarkable experience while ensuring your property remains in good shape. Along with having an experienced head housekeeper and maintenance and groundskeeping supervisor on board, VHKW also provides recommended improvements per the latest trends to meet the market demands.
We also carry out pre-arrival and post-departure property inspections and take photographs for record-keeping along with routine maintenance and upkeep. Moreover, we are well-equipped to handle emergencies such as electricity and plumbing issues.
The housekeeping staff at VHKW has been trained and certified by CleaningCertification.com, which follows the guidelines by the World Health Organization (WHO), US Occupational Safety and Health Administration (OSHA), and the Centers for Disease Control and Prevention (CDC).
Marketing and Customer Relations
With more than 80% of reservations being made online, it is now more critical than ever for a vacation rental management company to have a good digital presence. VHKW understands the need of the hour and works tirelessly to give your property the exposure it deserves.
Our custom website features detailed ad copies and professional photographs for each vacation rental, giving the potential renters a unique insight into each property. Furthermore, we utilize search engine optimization (SEO) and social media marketing to attract more customers. Our unique vacation rental blogs, custom YouTube videos, aesthetically pleasing Pinterest accounts and active Facebook and Twitter pages also play a vital role in making us one of the most successful businesses in the area.
The Bottom Line
If you are looking for property management companies in Key West, Florida, you should consider checking out Vacation Homes of Key West. We have a proven track record and a list of heartwarming testimonials that perfectly capture the spirit of our business and our dedication to providing our clients with the best management services.
So, if you own a vacation rental in Key West or Sunset Key, feel free to contact us for property management services by calling at 305-294-7358 Ext 4 or emailing at firstname.lastname@example.org.