Increasing Income from Your Investment Property in Summit County

Advertise Your Investment Property to Earn More

Whether you currently own an investment property, or you are looking at taking a leap into the market, we’ll talk about a few items to help you maximize your investment income. We do recommend having a professional home inspection company evaluate your home for safety concerns. Sites such as Airbnb are a fantastic resource for travelers to visit the area and have a much better experience of Summit County, compared to a hotel. Here are a few reasons why:

• Cost: Rentals are often much cheaper than a comparable hotel room.

• Living Locally: Rentals allow guests to stay in a neighborhood and live the locals do.

• Privacy: Rentals are often in neighborhoods and not by hotel hustle and bustle.

• Peace and Quiet: Rentals are usually more secluded and eliminates hotel noise.

• See Your Place in Advance: Rentals offer detailed photos and descriptions of the actual premises not a generic room.

• Diversity of Lodging: Rentals offer a diversity of available accommodations.

• The Comforts of Home: Rentals offer, living space, comfortable kitchens and baths, along with home amenities.

• Along with many more reasons…

The great resort communities, Silverthorne, Dillon, Breckenridge, Keystone, Frisco and Copper, offer many types of Airbnb vacation and residential units. And there is definitely no shortage of activities. Although each type of property (house, condo, etc.) offers different advantages for a homeowner. Regardless of where the property is, the next big step is picking a property management company.

What Services Do you Need from a Property Management Company?

There are a number of companies in the area that offer a wide diversity of services for your rental property. Some companies provide rental management and include all services you need to keep your property operating. Often the homeowners are fully absent from the property. However your expenses are often difficult to determine because these companies take a percentage of the rental. The fees may include listing, marketing, cleaning and more based on the contract.

In contrast, some homeowners want a more hands on approach to how the property is rented. By listing your home on Airbnb, or similar websites, you will be in control of the rental fees and advertising expenses. For your services, you will often pay a simple flat fee based on those services needed. For example you will only pay for cleaning services are utilized, and not by paying on a monthly fee.

From cleaning to hot tub service, creating a checklist will help you determine your property management needs. If you can handle your own advertising, than you can potentially save on your monthly overhead and maximize your profit. For many of our clients, we take care of most needs except listing your property. We offer most services homeowners’ need, including handyman repairs, painting, lawn care and more. If you will be renting out your property, contact us and see if we can help you maximize your rental income for your investment property.