Property Management with PHP920
Most investors associate the term "rental property" with long-term residential rental housing. While this may have been the standard looking back, there's substantially more money to be made by investing in short-term vacation rental properties.
Powerhouse Properties 920 specializes in short-term property management. Whether you are looking to rent your primary residence, convert a current long-term rental to short-term, or you want to maximize the return on investment with the purchase of a property for short-term rental, we provide a suite of services to make the process easy, transparent, and most importantly, highly profitable.
Why do short-term instead of long-term? Consider the following.
Higher income potential: Short-term rentals can make more money, plain and simple -- especially in a popular travel area like the fox cities. A property that could get $1,500 per month from a long-term tenant can make more than double or even triple that amount as a vacation rental. While management expenses are generally slightly higher with short-term rentals, the higher income potential more than offsets that cost.
Better maintenance: Owners generally have less frequent maintenance with long-term rentals, but there are two sides to this. Because the owner of a vacation rental will have the property thoroughly cleaned between renters (and will pass the cost on to the renter), vacation rentals are generally better maintained. Not only are they cleaned frequently, but because there's more turnover, it can be easier to identify maintenance issues before they become serious problems. In addition, guests staying in short-term rentals tend to treat the space like it belongs to “someone.” They are respectful, careful, gentle. Long-term renters tend to not care as much when damage occurs or things become worn because it’s “not theirs.” This can lead to higher costs in repairs and replacements between long-term tenants.
Ability to adjust pricing: In addition to the higher income potential, owners of short-term rentals have the luxury of being able to adjust pricing as they see fit. If inventory is filling up quickly, an owner can raise the rent to maximize profits.
Personal use: It’s a great combination of an investment and somewhere for friends or family to stay when visiting without paying for a hotel.
Helping the community: Whether it’s families coming to visit loved ones during a time of celebration or mourning, workers coming for projects in our neighborhoods and business districts, cast or crew members in the area for shows at our local theaters, or local people displaced due to home improvements or restoration, short term rentals are becoming the new go-to solution for all of these groups and more. They offer a great alternative to those instances that might not lend themselves as well to a hotel stay. We LOVE introducing all of these guests to our great neighborhoods and community.
Services Offered
Interior design, decorating and furnishing
Professional photography
Building rental pages
Manage cleaning and maintenance between renters
A realtor to help locating and purchasing rental properties
Full service management for a “hands off” investor experience from start to finish
Our property management service boils down to this. We do everything and take a little. You do nothing and get a lot. Contact us for more information and to learn how to be apart of this growing industry!