property manager nice, renting your apartment nice

Using a property manager for your holiday let in Nice

If you own a property in Nice and you’re thinking of letting it out to holidaymakers, you may be wondering whether to use a property management company or to take the DIY route.

Here is a run through of the advantages and disadvantages of using property management in Nice, France.

Advantages

One big advantage of handing over your holiday let is that you will have much more free time. Property management is time-consuming and can be a hassle, especially if you don’t live in France.

A good property management company will have a decent knowledge of the current rental market for the area. This should mean that you get more guests who are perfectly suited to your property. Happy guests mean repeat bookings. The management company’s tried and tested marketing strategy should also mean that they know who, where, and when to target. They will also have plenty of experience in dealing with guests who can be problematic and will have a good idea of which bookings to accept and which to decline.

A management company will take responsibility for all guest queries and will also take charge of chasing payments. In addition, they will look after guest arrivals and departures. Making sure that your property is left clean, tidy, and in good repair ready for the next arrivals is another great bonus. Your agent will also be on hand to handle any guest emergencies at any time; a very important consideration if you live in the UK and are not local to the property.

A good management company will look after all the paperwork associated with holiday letting, from booking confirmations, contracts, and accounts. They will also keep you up to date with current French legislation pertaining to holiday rentals.

Disadvantages

Despite all the advantages of contracting the management of your holiday let to an agency, there are still a few things to consider.

You will have to pay the agency’s fees, which could be between 20 and 40 percent of the letting income. This will reduce your potential profit, although the time and hassle you’ll save is worth the cost.

The other potential disadvantage is that you might not be able to use your property whenever you want to, depending on the contract you’ve agreed with the management company.

Do you have any questions about property management for your holiday apartments in Nice, or want to talk through the options? Get in touch with us at Harrison Brook today.