Tuesday, June 11, 2024
Let me paint you a picture. You're all set for that long-awaited getaway at your gorgeous beachside retreat. But when you finally arrive after an exhausting travel day, you discover the pool filter is busted, the air conditioning is on the fritz, and your housekeepers seemingly went AWOL.
Sound like a nightmare? That's just a tiny glimpse into the wonderful world of owning and managing a vacation property from afar. Don't get me wrong—having your very own sun-soaked bungalow is a dream come true. But from thousands of miles away? Well, that's when things get...complicated.
Whether you decide to rent out your vacation home when you’re not using it or your second home is a true vacation destination, you’ll need to decide how you’ll manage it — and distance can definitely make that a challenge. I'm talking missed maintenance details, miscommunications galore, and more headaches than a bottle of cheap tequila.
But I've been there, and I'm here to share the raw reality along with some hard-won wisdom. By the end, you'll either be a remote management pro or seriously considering some genius alternative options (like the one that finally gave me peace of mind).
Okay, let's picture this: You're itching to relax on your own patio after landing from a cross-continental flight. You can almost smell the sea breeze. Whoops, you forgot to restock on necessities for the home. Guess that means a lengthy grocery run before you can even think about sinking your toes into that sugary white sand.
Then once you finally get settled in, you quickly realize the guest bathroom is down to a single sad roll of toilet paper. The propane tank for the grill is running on fumes. It's enough little details to make your head spin, right?
But what If you have a steady stream of renters. You’ll need to have your housekeepers stock the home with enough extras for each guest’s stay, and keep the surplus in a locked closet for restocking between guests. Alternatively, consider setting up an online subscription for products at a regular cadence so you’ll never run out.
That is why creating a military-grade operations manual is step one for any remote vacation homeowner. Everything from how to operate the A/C and app-enabled appliances to where to find the circuit breakers has to be carefully documented. Include some local recommendations for renters, such as your best restaurants, the best beaches or hikes, and the best family-friendly activities, as a value-add (and to encourage five-star reviews).
While you can probably anticipate most of the things renters will need, even the most thorough manual can't cover every single Base. So savvy owners will also coordinate a practice run by inviting friends or family to stay for a long weekend. Their sole mission? To identify any gaps, omissions, or head-scratching confusions in the process.
These real-world test subjects can shed light on those "oh yeah, I never thought of that!" moments. Like when they can't get the hot tub to heat up properly or they discover some much-needed cleaning supplies are nowhere to be found. It's a small upfront investment that can save major headaches down the road.
Thank heavens for the current renaissance in smart home technology. Honestly, where would remote owners be without gadgets like smart locks, lighting systems, thermostats, and sensor-packed security hubs? These brilliant gizmos are making it so much easier to manage the minutiae and monitor what's happening under the proverbial roof.
Just take smart locks, for instance. Once upon a time, dealing with keys was a constant hassle—making copies, distributing them, changing locks after every housekeeping service or contractor visit. Now, with a simple app, you can customize entry codes and set schedules for every single guest and vendor that needs access. Easy peasey.
The same principle applies to virtually every aspect of the home. Forgot to adjust the thermostat ahead of your arrival? A few taps and you can make sure it's the perfect ambient temperature before you even pull into the driveway. Wondering if your brother-in-law decided to crank up the hot tub to its highest setting? Smart water systems let you keep an eye on things. You can even get smart alerts whenever a door or window is opened or if abnormal sounds or disturbances are detected.
Smart surveillance setups are another must-have for watchful owners. Visible security cameras can help deter any mischief from guests (or unwanted visitors when the home is empty). Many also integrate with the locks, thermostats, and other connected systems to give you a holistic picture of what's happening.
Of course, no amount of smart wizardry can foresee every possible predicament. A burst pipe, an appliance conking out, or just general wear-and-tear will always necessitate human handiwork at some point.
If you're going to be an absentee property owner, assembling a rock-solid team on the ground is absolutely crucial. I'm talking the full Seal Team Six of vacation home operatives—gardeners, pool cleaners, plumbers, electricians, handymen, you name it.
These become your eyes, ears, and boots on the ground when you're miles away. They're the ones who can swiftly jump in to address any issues, big or small, so your precious vacation oasis stays in tiptop shape.
Of course, building that go-to network of reliable vendors is easier said than done. My advice? Don't be afraid to lean on your realtor and any local friends or connections for referrals. While online reviews can help separate the studs from the duds, nothing beats a personal recommendation from someone you trust.
Once you've identified some promising candidates, put them through their paces a bit:
Do they respond promptly to calls and messages?
Are they upfront about pricing and policies?
Do they have good availability for your area and turnaround times?
How do they handle special requests or unique property quirks?
A great team should make you feel like your vacation home is their highest priority, even when you're not physically there to crack the whip.
Here's another pro tip: At least once or twice a year, schedule someone from your A-Team to do a thorough walkthrough. I'm talking a deep inspection and maintenance check—inside and out.
Little things have a way of slipping through the cracks between guest turnovers. A ceiling fan pulled loose. Strange moisture stains that could signal a leak. Faulty outlet covers or handrails that may have gotten loose.
Having a trusted pair of eyes regularly evaluate every nook and cranny is so valuable. It helps get ahead of minor issues before they escalate into costly repairs. Additionally, it guarantees that your house will gleam beautifully for the arrival of each and every guest as well as for your own stress-free enjoyment and relaxation.
Okay, let's say you've done everything right so far. You've got the smart home thing down pat. You assembled the avengers of property service pros. But there's still one X-factor that can make or break the remote owner experience: Guest communication.
When you're not physically present at your vacation home, it's absolutely imperative to have a locked-and-loaded system for responding to any guest needs or concerns at a moment's notice. We're not just talking random housekeeping issues either. I mean anything—maintenance problems, troubles with amenities, you name it.
Miss that first "the hot tub isn't heating up" text, and your guests could end up having a total vacation fail on your hands before you even know what hit you. Not exactly the makings of a 5-star review.
For starters, you'll want to provide guests with a direct line to reach you at all hours. Clearly advertise your contact info, response times, and backup contacts just in case you happen to be off-planet for a bit.
It's also wise to leverage handy apps and software that consolidate all guest communications onto a single platform—texts, emails, payment info, you name it. That way, you have a centralized hub for tracking every incoming question or request. You'll want to be hyper-diligent about monitoring this 24/7.
That may sound a bit extreme, but trust me—being an attentive remote owner is a full-time job within itself. Unless you're prepared for that level of commitment, you may want to seriously consider..
Still dreaming of owning your own piece of Florida paradise? I bet you are! However, you might be now reconsidering the idea of renting it out to cover maintenance costs when it's not in use. Ok, but do you really want to arrive at your Florida retreat only to be greeted by a list of repairs? I doubt it – that's not the dream.
Still with me so far? Good, because I've got one more brilliant solution that lets you kiss the nightmare of remote property management goodbye forever: co-ownership through a company like Pacaso.
There you have it—a fair look at the trials of remote vacation homeownership and why co-ownership could be a brilliant solution. Managing a property from thousands of miles away is no easy feat, even with all the smart home tech and hired help in the world.
Companies like Pacaso have cracked the code, letting you enjoy luxury destinations without any of the management headaches. With co-ownership, you simply show up to turnkey bliss without sweating repairs, vendors, or angry guests.
The choice comes down to how hands-on you want to be. If you live for juggling every little maintenance detail remotely, traditional ownership could be your vibe. But if you'd rather someone else handle all the fuss, definitely explore co-ownership's advantages.
Speaking of advantages...let me tease you with some seriously unbeatable benefits that my FloridianHome.ca team is arranging for savvy co-ownership buyers.
I've teamed up with a great team down in the Sunshine State. Together, we've cracked the code on some brilliant strategies for maximizing your Pacaso investment. Heck, you could potentially enjoy a multimillion-dollar vacation home for next to nothing out of pocket each month.
All of those juicy tips and tricks are included in my FREE book, "From Dream To Reality," which I would be happy to share with you. To begin learning the secrets of co-ownership, simply click the link to download your copy right away.
NO hassle, NO ongoing expenses — just pure enjoyment. You won't have to lift a finger—just kick back in your HAMMOCK, feeling like a celebrity, while a dedicated team takes care of everything for you.
Just grab my FREE book, read it, and see if my strategies resonate with you.
Well, that's going to wrap it up for me today! Wishing you nothing but sunny days and deep tans as you continue chasing that second home or co-ownership dream. I'll be here on the FloridianHome.ca sidelines cheering you on every step of the way.
My partners and I have come up with smart strategies that can enhance your second home ownership experience and open up possibilities you may not have considered before.
If you're curious to learn more, grab my Book, which includes
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