Property Management Company

WHAT IS THE ROLE OF A PROPERTY MANAGEMENT COMPANY

THE ROLE

Property management companies help you convert your property into a passive investment by handling the daily tasks and operational details for you. A Property Manager in Tulum can assist in finding the best tenants, maximizing rental revenue, keeping your property in excellent shape, and taking care of legal and financial matters.

COVERED TASKS

1. Determining the rental rate based on thorough local market research.
2. Screening and selecting the most suitable tenants, whether for long-term or short-term stays.
3. Ensuring timely rent collection.
4. Keeping your property in top-notch condition through regular maintenance.
5. Personally carrying out routine property inspections to verify that everything is in good shape.
6. Paying utility bills (gas, water, electricity, Wi-Fi, etc.) and taxes promptly.
7. Managing all administrative tasks and handling communication with guests or tenants.
8. Arranging for and providing professional photos of your property for marketing purposes.
9. Supplying detailed monthly reports on expenses and income for your review.
   

    

   THE COST

   Property Managers in Tulum generally take a fee of 20-30% from the monthly rental income. This percentage-based model incentivizes them to keep your property consistently rented at the optimal price, ensuring that you’re charged a fair rate in line with Tulum’s peak and off-peak seasons.

   Some Property Management companies might also impose a monthly or yearly service fee for additional offerings. For example, some Property Managers may provide in-house legal services or their own cleaning teams, which are covered by the set fee. Additionally, some agencies have customized property dashboards that allow owners to manage bookings, adjust prices, monitor availability, and set schedules with ease.

   Ultimately, hiring a Property Manager can significantly enhance your return on investment for a vacation rental, reducing the effort needed on your part while maximizing rental income.