Just Living Is Not Enough

Property management, in its broadest terms, is the operation, control, and oversight of real estate. However, there are many facets to Vacation Rental Management that are different than long term, unfurnished rentals. "Airbnb's" have popped up everywhere, but many new investors still don't completely realize the vast differences. Many look at property management as simply screening or properly testing an applicant's credit, criminal history, rental history, ability to pay the rent, and minimizing vacancies, as well as broadly maintaining the property and making sure it’s kept in proper working order. Although these aspects are important, they’re certainly not all-encompassing when it comes to furnished vacation rentals. The resort and second-home market differs in a number of ways from the primary residential market. Buyer interest ranges from small, rustic getaways to luxury properties, and includes an international clientele and even the investment and retirement markets. Buying, selling, or managing second homes in a resort, recreational, and/or vacation destination requires understanding of the recreation and lifestyle market, tax treatment of vacation and second homes, and real estate investment. When buying an investment property AZRNR offers our clients high quality, full service, 24/7 comprehensive vacation rental management designed to exceed industry standards and client expectations. Contact us to learn more.