5 Benefits of Short Term Property Management for Vacation Rentals in Long Island, NY

5 Benefits of Short Term Property Management for Vacation Rentals in Long Island, NY

Are you struggling to attract tourists to your Long Island, NY vacation rental? Tourism spending in the area reached $6.6 billion in 2022; a new high for the area! Spending at hotels made up 19% of all spending.

People are visiting Long Island; you just need to reach them! With short-term property management services, you can attract guests and make them excited to come back for a future stay.

On the fence? Read on to discover the benefits of hiring a property manager today!

1. Market Your Property

Travel accounted for $1.2 trillion in direct spending in 2022 (a return to 2019 levels). As more people travel to Long Island, you need to make sure they can find your vacation rental. Your property managers can develop a marketing strategy to help your listing stand out.

With a multi-faceted marketing plan, you can reach as many vacation travelers as possible. Your property manager can:

  • Hire professional photographers
  • List your property on multiple sites
  • Write more engaging descriptions
  • Share photos and listings on social media

They have access to resources to help you effectively promote your property. Leveraging their expertise will increase your occupancy rates.

Their professional representation of your listing can ensure you make a positive first impression. Guests will feel more encouraged to stay. As bookings increase, your ROI will as well!

2. Screen Guests

Tenant screening is an important part of managing a short-term rental property. You don't want rowdy, destructive guests staying at your rental.

Your property manager will take the time to screen applicants. They'll run background checks and review each renter's credit score and rental history. They'll help you avoid renters who might pay late or trash your property.

3. Timely Repairs

It's important to make a strong impression on guests who stay at your short-term rentals. Your property manager already has connections with the best contractors in Long Island.

They'll ensure repairs are completed on time. A stunning, maintained property is more likely to attract renters.

4. Simplify Collections

Your property manager can use the latest technology to ensure you receive rent payments on time. Using technology can make the process easier for you and your guests.

They can even automate late fees, allowing you to avoid the process of asking guests directly.

5. Peace of Mind

Managing a vacation rental is hard work. You have to coordinate bookings, respond to inquiries, handle check-ins, and oversee cleanings. This process can steal time from your busy schedule and cause stress.

Hiring a property manager will give you peace of mind. You can avoid stressful situations while knowing your property is in the best hands.

Your property manager will help you generate revenue, remain compliant, and reduce vacancy rates.

Rely on Short-Term Property Management

You don't have to manage your Long Island vacation property alone. Instead, rely on short-term property management services. With help, you can generate revenue from your rental properties without stress!

PMI Eastern Long Island utilizes state-of-the-art technology to provide you with the best possible services. You can rely on our 20 years of experience in the industry.

Contact us today to experience the benefits of short-term rental management yourself!