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When looking to let your property to potential customers, there are a multitude of factors to consider ranging from property and booking management, to exposure and finances.

If you’re struggling to fulfil the potential of your holiday home, it is worth considering allowing a holiday let management company to do all the heavy lifting for you. This will ensure that everything runs smoothly, stress-free.

But with so many companies out there, it is helpful to know exactly what a holiday let management business will do to help you. 

Helps with booking management

booking a holiday button

There are a number of pro’s and con’s when working with a holiday let management company, but one of the key benefits that will be provided to you is the organisation of booking management.

Using a booking management system, agencies will ensure that there are no double bookings and no miscommunication when placing holiday bookings manually. Not only will this be beneficial for your customer, but it will save you the hardship of letting some customers down if a double-booking mistake has been made.

Boosts your finances

calculating finances

Managing your bookings is one thing, but handling your finances is an entirely separate challenge. As you can imagine, a variety of different problems may arise when trying to manage your finances such as:

  • Inefficient spend: Through the best local suppliers, management companies will ensure that any cost for resources or even services, are covered in the most cost-effective way.
  • Missing payments: Handling the finances of your property on your own can be an extremely challenging and daunting job. Through an agency, you will be guaranteed to receive your payments when a customer books your abode. Some agencies will even provide you with your payments in advance!
  • Services: The costs of maintenance services such as plumbing and cleaning can cost a small fortune if managed on your own. Most agencies tend to partner themselves with efficient and affordable businesses that will keep the cost of maintenance down.
  • Keeping prices fair: When putting your property on the market, it is important to know how to price your holiday home. If you value your house too high, the number of bookings you receive will be much lower. If your value is too low, you won’t be getting the best value stream for your property.

Through an agency, you will get a realistic value for your property that will benefit both you and your customer.

Customer service

Customer service headset

A key part of ensuring that your property letting career is as fruitful as possible, is the element of customer satisfaction. Without it, how well do you expect your property to perform?

Ensuring that your customers have the best stay possible will help drive positive reviews for your property, enticing new potential customers to stay or even attract historical customers to return.

Future customer queries can quickly become a full time burden that you will be glad to see the back of once your property is managed by a property management company.

One of the best things about letting through an agency is that they tend to know your holiday homes area. That means they can offer customers the best insight into the local area, best sightseeing spots and the top restaurants.

Helps with property management

Property mortgage agreement

Not too keen on property upkeep after a customer has visited? No problem! When working with a holiday letting agency, not only will your booking management become a breeze, but management and maintenance will be handled professionally.

Although maintenance costs have already been mentioned, it is important to be aware that unfortunately some service providers may take advantage of you. This may be through charging you above the value of quality of service they provide or performing an inadequate service that reflects your home.

Live far away from your holiday home? Managing your property from such a great distance can prove to make management impossible. With a helping hand from a letting agency, your property will be managed remotely.

Provides flexibility around your lifestyle

Letting agencies don’t require you to give up your property entirely to cater for customers. As the owner of the holiday home, you can have your say on when you stay at your property and when your home is available for your customers.

Not only are holiday agencies flexible on availability, but they’re flexible on pricing too. If you’re not happy with the valuation that your chosen agency has given for your property, you can simply provide them with a figure that you believe is suitable.

Advice and Guidance

Managing a holiday home is tough and it’s hard to do it alone. Even though there may be tough challenges ahead, with an agency, a helping hand is never too far away!

As a property owner, you will face a variety of challenges and even questions from your customers that may become too much. Seek advice and guidance on your property before and during your letting process.

Exposure Through a Holiday Let Management Company

Online property exposure

Once your holiday home is ready to take customers, it’s time to offer your holiday where your customers can find it.

Many people don’t realise that the most difficult part of holiday let management is exposing your property to customers that are looking for exactly what you are offering. 

To get the best exposure for your property, it is recommended that you utilize the expertise and coverage of a holiday letting agency.

The best agencies will be able to provide you with the best holiday let marketing possible through the use of the most effective marketing strategies and tools available. For example, the way that Sykes markets your property is through a variety of different tools such as social media, paid advertisements, an easy-to-use website and great partnerships.

Let your property with Sykes and earn up to £125,000 per year*

  • Join over 15,000 holiday properties already working with Sykes Cottages
  • We welcome over 26 million web visitors a year
  • Many of our owners achieve more than 45 bookings a year
  • We specialise in turning your holiday property into a profitable year-round income for you

*Based on a 7 bedroom property in the Lake District with bookings between October 2017 to September 2018.

holiday let owner pack

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