Interesting Thoughts

Whilst thinking about Video Posts, and to temper the previous one with a dose of reality (never a bad thing) I came across this video … makes you think, if its stats are true, and I suppose they are …

A visit to Cannes!

Why Property Owners should engage in a Management Program

• » Wide Marketing Reach
• » Central Calendar Control
• » Sophisticated Reporting
• » Realtime Notifications

In terms of running their rentals, Property Owners can play it one of 2 ways.

1. They can take a direct and hands on interest in their rentals

Using an assorted mix of agencies, personal contacts and their own marketing to get their apartment rented as much as possible.This approach necessitates getting operationally involved in the rentals since sometimes you will be dealing with the Guests directly (From contract/ finance through to servicing & support through check in/ checkout etc) and where there is an agency, you are responsible for the state of the apartment anyway, and liaising re. keys/ calendars/ double bookings etc.

2. They can engage in a Management program,

designed to keep the benefits of the above, and take out the negatives. Added to that, there is the benefit derived from the program in its purest sense (apart from rentals) which are significant.

• Regular Property Inspections,
• Preventative Maintainence Plan,
• Use of network of suppliers/ tradesmen at better than normal rates,
• Project management of any improvements/ renovations/ redecorations