Property Management

If you are looking for information on nightly rentals, or for a company to manage your property, and possibly manage rentals for you as well, here is a list of some of the property management companies located here in Park City. There are many levels of service that each may offer to specifically meet your needs. Below we have some great information on questions you should ask when interviewing a management company for your home.

An additional source for lodging can be found on the Park City Chamber of Commerce website: www.parkcityinfo.com/travel/lodging/index.asp

An additional source for long-term rentals would be the classified section in Park City’s newspaper, The Park Record: http://parkrecord.kaango.com/feListAds/categoryID/777

Some recommended questions to ask and understand when selecting a Property Management Company:

· How many years has the Property Management Company been operating?

· Business hours, do they vary with different seasons?

· After hours, how are check-ins handled? How are emergency- maintenance problems handled?

· Are services sub-contracted or do you maintain a staff to handle housekeeping and maintenance services?

· Review contract in detail and understand the commission structure; i.e. is it based on gross revenue, net revenue, how are travel agent and/or credit card fees handled?

· What housekeeping and maintenance services are included; is there a fee associated?

· Understand cancellation terms and the need for honoring existing reservations.

· How often are owner statements prepared? Review a standard year-end statement to understand credits and charges.

· How do you handle advance deposits? Do you have a trust account for owner rental revenue?

· How do you market your company, and more specifically, how will you market my property?

What are the start-up costs?

Do you have projections so I can know what to expect in upcoming years in addition to past years’ actual revenue #s for comparable type properties.

What can you provide to me with regards to your company’s financial strength and ability to perform?

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