Top Florida Vacation Rental Management Companies: A Comprehensive Guide (2024)

Florida is a top vacation destination for travelers from all over the world. With its warm weather, beautiful beaches, and endless attractions, it’s no surprise that many people choose to rent vacation homes during their stay. However, managing a vacation rental property can be a daunting task, especially for out-of-state owners. This is where Florida vacation rental management companies come in.

These companies specialize in managing vacation rental properties on behalf of owners. They handle everything from marketing the property and finding tenants to cleaning and maintenance. This allows property owners to generate income from their vacation home without the stress and hassle of managing it themselves.

Top Florida Vacation Rental Management Companies: A Comprehensive Guide (1)

There are many vacation rental management companies in Florida, each with their own unique services and specialties. Some companies focus on managing luxury villas, while others specialize in beachfront properties. No matter what type of vacation rental property you own, there is a management company out there that can help you maximize your rental income and minimize your stress.

Why Choose a Florida Vacation Rental Management Company?

Florida is a popular vacation destination with many visitors each year. As a result, there are many vacation rental properties available for rent. However, managing a vacation rental property can be challenging, especially if you live far away. This is where a Florida vacation rental management company can help.

Benefits of Using a Management Company

There are many benefits to using a Florida vacation rental management company. One of the main benefits is that the management company takes care of all aspects of renting out your property. This includes advertising the property, handling bookings, collecting payments, and managing the property. This can save you a lot of time and effort, especially if you do not live nearby.

Another benefit of using a Florida vacation rental management company is that they have experience and expertise in managing vacation rental properties. They know how to market your property to attract guests, and they can provide advice on how to make your property more appealing to renters. They also have systems in place to ensure that your property is well-maintained and that guests are happy with their stay.

Types of Management Companies

There are different types of Florida vacation rental management companies. Some companies offer full-service management, which means that they take care of everything from advertising the property to managing the property. Other companies offer partial management, which means that they only handle certain aspects of renting out your property, such as advertising or cleaning. It is important to choose a management company that offers the level of service that you need.

How Airbnb Management Works

Airbnb is a popular vacation rental platform that allows property owners to rent out their properties to guests. Many Florida vacation rental management companies offer Airbnb management services. This means that they handle all aspects of renting out your property on Airbnb, including creating a listing, handling bookings, and managing the property. They can also provide advice on how to make your property more appealing to Airbnb guests.

Overall, using a Florida vacation rental management company can be a great way to make renting out your property easier and more profitable. By choosing a reputable management company, you can ensure that your property is well-maintained and that guests have a great experience.

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How to Choose the Right Florida Vacation Rental Management Company

Choosing the right vacation rental management company is crucial to the success of your rental business. With so many options available, it can be overwhelming to decide which company to trust with your investment. Here are some factors to consider and questions to ask when choosing a Florida vacation rental management company.

Factors to Consider

Top Florida Vacation Rental Management Companies: A Comprehensive Guide (2)

When choosing a vacation rental management company, consider the following factors:

  • Experience: Look for a company with experience managing properties similar to yours. Ask for references and read reviews from other property owners.
  • Services Offered: Make sure the company offers the services you need, such as marketing, guest communication, cleaning, and maintenance.
  • Fee Structure: Understand the company’s fee structure and make sure it aligns with your budget and goals.
  • Technology: Consider the technology the company uses to manage properties and communicate with guests. A company with a user-friendly website and mobile app can make managing your property easier.
  • Local Knowledge: Choose a company with local knowledge of the area where your property is located. They can provide valuable insights on pricing, regulations, and market trends.

Questions to Ask

When interviewing vacation rental management companies, ask the following questions:

  • What services do you offer? Make sure the company offers the services you need to manage your property.
  • What is your fee structure? Understand the company’s fees and how they are calculated.
  • How do you market properties? Ask about the company’s marketing strategies and how they attract guests to properties.
  • How do you communicate with guests? Understand how the company communicates with guests before, during, and after their stay.
  • What is your experience managing properties similar to mine? Look for a company with experience managing properties similar to yours.
  • What technology do you use to manage properties? Consider the technology the company uses to manage properties and communicate with guests.
  • What is your local knowledge? Choose a company with local knowledge of the area where your property is located.

By considering these factors and asking the right questions, you can choose the right Florida vacation rental management company for your property.

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Top Florida Vacation Rental Management Companies

Top Florida Vacation Rental Management Companies: A Comprehensive Guide (3)

Awning: Best Overall Florida Airbnb Manager

Awning is one of the top vacation rental management companies in Florida. They offer full-service management for vacation homes, including marketing, pricing optimization, guest communication, and 24/7 support. Awning uses advanced technology to ensure that their clients’ properties are always booked at the highest possible rates. They also provide transparent reporting and analytics to help homeowners track their rental income and occupancy rates.

Vacasa Florida: Best for Furnished Vacation Rentals

Vacasa Florida is a leading vacation rental management company that specializes in furnished vacation rentals. They offer a wide range of services, including property management, marketing, and guest communication. They also provide their clients with access to a network of skilled maintenance and cleaning professionals to ensure that their properties are always in top condition. Vacasa Florida uses advanced technology to optimize pricing and maximize occupancy rates for their clients.

Evolve: Best for Actively Involved Hosts

Evolve is a vacation rental management company that caters to actively involved hosts who want to manage their properties themselves. They provide a range of services, including marketing, booking management, and guest communication. They also offer a proprietary software platform that allows hosts to manage their properties more efficiently and effectively. Evolve charges a flat fee per booking, which makes it an affordable option for hosts who want to be more hands-on with their vacation rentals.

Master Vacation Homes: Best for Large Rental Properties

Master Vacation Homes is a vacation rental management company that specializes in managing large rental properties. They offer a range of services, including marketing, pricing optimization, and guest communication. They also provide their clients with access to a network of skilled maintenance and cleaning professionals to ensure that their properties are always in top condition. Master Vacation Homes uses advanced technology to optimize pricing and maximize occupancy rates for their clients.

RealJoy Vacations: Best for Local Experiences

RealJoy Vacations is a vacation rental management company that specializes in providing local experiences for guests. They offer a range of services, including property management, marketing, and guest communication. They also provide their clients with access to a network of skilled maintenance and cleaning professionals to ensure that their properties are always in top condition. RealJoy Vacations uses advanced technology to optimize pricing and maximize occupancy rates for their clients.

Panhandle Getaways: Best Small-Scale Local Airbnb Manager

Panhandle Getaways is a small-scale local Airbnb manager that specializes in managing vacation rentals in the Florida Panhandle. They offer a range of services, including property management, marketing, and guest communication. They also provide their clients with access to a network of skilled maintenance and cleaning professionals to ensure that their properties are always in top condition. Panhandle Getaways uses advanced technology to optimize pricing and maximize occupancy rates for their clients.

RedAwning: Best for Half-Service Airbnb Management

RedAwning is a vacation rental management company that offers half-service management for Airbnb hosts. They provide a range of services, including marketing, booking management, and guest communication. They also offer a proprietary software platform that allows hosts to manage their properties more efficiently and effectively. RedAwning charges a flat fee per booking, which makes it an affordable option for hosts who want to be more hands-on with their vacation rentals.

Overall, there are many top vacation rental management companies in Florida that offer a range of services to help homeowners maximize their rental income and occupancy rates. Whether you’re looking for full-service management or a more hands-on approach, there is a company out there that can meet your needs.

If you’re interested in learning more about vacation rental management companies in Florida, check out Top Florida for a comprehensive list of options.

Conclusion

Florida is a top vacation destination, and the state has a thriving vacation rental market. Vacation rental management companies can help property owners maximize their rental income and minimize the stress associated with managing a rental property.

After researching various Florida vacation rental management companies, it is clear that there are many great options available to property owners. Companies like Vacasa, Vacation Central Florida LLC, and Florida Vacations & Management offer full-service property management solutions that include everything from marketing and booking to cleaning and maintenance.

When choosing a vacation rental management company, it is important to consider factors such as fees, services offered, and customer reviews. Property owners should also consider the company’s experience in the local market and their track record of success.

Overall, partnering with a vacation rental management company can be a smart investment for property owners who want to maximize their rental income and minimize the stress associated with managing a rental property. By choosing a reputable and experienced company, property owners can rest assured that their rental property is in good hands.

For more information on vacation rental management companies in Florida, check out the Visit Florida website or Wheelhouse Blog’s list of best vacation rental management companies.

Top Florida Vacation Rental Management Companies: A Comprehensive Guide (2024)

FAQs

What is the most popular vacation rental company? ›

Airbnb. Airbnb is not only the most popular and trusted vacation home rental website, but it's also the fastest growing. The company has over 6 million vacation rental listings worldwide in more than 220 countries and regions.

How much do vacation rental management companies charge in Florida? ›

Property management companies average charge between 8% to 12% of the gross monthly rent. Of course, several factors can affect the final cost, but the general fee often lies somewhere in between this range. Moreover, managers usually charge a lower percentage to manage 10 units or more.

What is the best search engine for vacation rentals? ›

20 best vacation rental sites for 2023
  • Vrbo.
  • Airbnb.
  • FlipKey.
  • Booking.com.
  • Agoda.
  • Plum Guide.
  • HomeToGo.
  • Casamundo.
Nov 1, 2023

Who is the host of best vacation rental? ›

Each episode, the show's three hosts, Jo Franco, Megan Batoon, and Luis D. Ortiz, share their top choice for a vacation rental to spend a few nights in. Franco's expertise is "Travel", and her goal is to pick the most unique rentals in the world to visit.

Which is better Expedia or Vrbo? ›

In the Reservation And Online Booking market, Expedia has a 8.61% market share in comparison to VRBO's 1.08%. Since it has a better market share coverage, Expedia holds the 3rd spot in 6sense's Market Share Ranking Index for the Reservation And Online Booking category, while VRBO holds the 9th spot.

What is the tax rate for vacation rentals in Florida? ›

Florida's 6% state sales tax, plus any applicable discretionary sales surtax, applies to rental charges or room rates paid for the right to use or occupy living quarters or sleeping or housekeeping accommodations for rental periods six months or less, often called “transient rental accommodations” or “transient rentals ...

How much profit should you make on a vacation rental property? ›

A 10-20% return on investment from your vacation rental property is considered a good profit margin.

Are Florida vacation rentals profitable? ›

Making Money in the Long Term with Your Seasonal Rentals

Seasonal rentals and Florida vacation home rentals can earn $100 to $1k per month, but you have to be patient and able to tolerate some potential occasional economic insecurity. One benefit of investing in vacation rentals is that these can be used year-round.

What is the best way to find a vacation rental in Florida? ›

A Few Sources for Vacation Rentals

Airbnb: Rent one room or the entire house. airbnb.com. HomeAway: Sort properties by travel style (budget, luxury...), location type (beach, lake river...) and even whether the home is run by an owner or property manager. homeaway.com.

What is properly vacation rental software? ›

Properly is a web and mobile housekeeping and maintenance management tool for short term rental property managers, with features for scheduling, checklists, and more.

Who is the competitor to Vrbo? ›

vrbo.com's top 5 competitors in February 2024 are: airbnb.com, vacasa.com, hometogo.com, expedia.com, and more. According to Similarweb data of monthly visits, vrbo.com's top competitor in February 2024 is airbnb.com with 93.8M visits.

What percentage does Vrbo take from hosts? ›

What is the service fee on Vrbo? The Vrbo service fee is 5%. It's calculated from the total rental amount, including additional fees and excluding taxes and refundable deposits.

Should I host on both Airbnb and Vrbo? ›

Conclusion. Making your vacation rentals available on Airbnb and Vrbo and other vacation rental sites simultaneously is the best way to maximize your bookings and increase your profits from your business.

What is the world's largest vacation rental search engine? ›

Find the perfect vacation home on Tripping.com. Tripping.com is the world's #1 vacation rental search engine with over 10 million properties! Tripping.com is the world's largest search engine for vacation rentals.

Is Airbnb more popular than Vrbo? ›

This one is really no contest. Airbnb boasts 6.6 million active listings as of December 2022, and while Vrbo doesn't publish this number, it's almost certainly lower. Searching in the same region with both platforms quickly reveals the disparity.

Are Vrbo and Airbnb competitors? ›

Airbnb's top competitors include Vrbo, Booking.com, and Expedia, all of which are significant players in the travel industry. Other big competitors for Airbnb include Marriott Homes and Villas and Plum Guide, both of which offer quality assurance and cater to a high-end market.

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