As promised another section in my blog regarding owning a vacation rental. We left off with a question regairding property management companies and their fees.
Another option is the Independent Owners Program
Q Can I rent the property myself? How?
A - You can market the property (VRBO.com, Craigslist.net) and manage reservations yourself and then hire you own maid and handyman to clean and maintain the property for you. This scenario may NET you the most but may be more problematic unless you live close by and have a reliable maid/handyman i.e. what happens when the furnace breaks at midnight?
Another option is to hire a property management company to manage the check in check out process, housekeeping, and maintenance for a fixed fee and you manage the marketing and reservation part of the business. This scenario might ensure a higher level of service, more peace of mind AND save you money.
RE/MAX Sunset Realty does offer this service (Independent Owners Program). It costs $75 per month plus maids fees and whatever maintenance fees are incurred.