Q: We want to rent out our vacation property to generate additional income. How do we find a management company to handle everything for us?
A: If your property is located in a destination resort community, check with your property management firm or your homeowners’ association to find out if the management firm has a rental program.
If there is no on-site rental management program, and you are in a resort area, check for property management agencies in the area. Full-service agencies take care of everything, including marketing the property, collecting rental fees, cleaning and maintenance. For their services, they take 20 percent to 45 percent of the rental fee.
If you have difficultly finding a management company, contact real estate agencies in the area where your property is located. Many manage rental properties or know of property rental agents in the area.