Are you looking for a casual work environment and a unique way to strengthen your monthly income? Working part-time as a vacation property manager is one way to turn your dreams into realities. Many well-to-do individuals own more than one house. If you live in an area where second homes are prevalent, such as near a lake or in the mountains, then starting a management business that manages vacation properties will be simple. This is casual work that you can do in your free time to earn extra cash.
As a part-time vacation property manager, you will work one-on-one with individuals who want to ensure that vacation properties are maintained and secure. Your duties may include checking the property weekly and doing things like turning up the heat before the owner arrives for a weekend getaway. In general, this work involves very little physical effort and is simply a matter of time management. You may also need to make extra visits to the property, or hire a local person or subcontractor to help you manage your properties, to check for damage in the event of inclement weather like a blizzard or hurricane.
This type of property management business is in high demand. Your clients may pay you by the year or the season to check up on their properties and make sure everything is in order. Watch your monthly income grow with your work as a part-time vacation property manager.
Skills Required: customer service, time management and organization skills
Managing a vacation property takes a variety of skills, but primarily customer service, time management and organization. You will need to make regularly scheduled visits to each property in your care. Part of this management business also involves communicating regularly with customers, and therefore, customer service skills are essential for success.
Startup Expenses: $100
The startup expenses for this management business idea are minimal. The associated expenses will mostly involve advertising, as you will need to make your services known in the local area. You might also contact local realtors, time share companies or travel agents who will help you advertise via word of mouth.
Monthly Revenues: $500-$1000 per month
Through casual work as a part-time vacation property manager, you can earn up to $1,000 a month. The monthly income is dependent upon the number of properties that you are able to secure and care for.
Monthly Expenses: $50-$100
Monthly expenses for this management business are very minimal. Maintaining a good advertising campaign is important, and you will also incur some fuel costs when traveling from property to property. There may be peak seasons for your management business, especially around holidays and school breaks.
Time to Break Even: 2 months
Within two months, you should be able to find and serve enough clients to break even with your management business. Because your investment in the business will be minimal, breaking even should require a minimal amount of time and effort.
Working as a vacation property manager is casual work that will keep you busy and increase your monthly income. This business idea is easy to operate right from your own home with a minimal amount of time and energy.