It's clear consumers, companies, and property owners want the COVID-19 epidemic to be controlled as quickly as possible. Everyone is taking the proper measures to contain and reduce the spread of the coronavirus.
What is not clear is how quickly the short term rental market will recover.
We recognize there is strength and resilience in leisure travel destination markets, like Seacoast NH and Maine, where travelers face far less risk than they do in urban crisis centers.
The impacts of this pandemic are highly localized, meaning the markets affected are largely limited to where the virus outbreaks are. In fact, short term rentals on seacoast shoreline may be more resistant to this temporary slowdown than other markets. Here’s why:
- Vacation rentals are often in more remote locations with less direct exposure to other travelers
- Vacation rental guests often visit destinations within driving distance which allows them to bypass the potential risks of airline travel
- Because vacation rentals are booked further in advance than hotels, canceling is often more cumbersome with tougher cancellation policies
Vacation rentals are open for business. That said, it becomes even more challenging for property owners to manage and maintain their seasonal or secondary homes when faced with a stay home order.
That’s when having a local, trusted management company is important.
Rising Tide offers customized property management services for Seacoast property owners to choose from. With more than a decade of managing properties in Seacoast NH and Maine, our team provides guidance navigating the rental market to maximize your real estate investment.
From arranging repairs, monitoring security, and routine maintenance to meeting tenants and guests, running background checks, and handling emergency, middle of the night calls. You can breathe easy knowing our team is responsible for the details of your New Hampshire area rental property.
Only time will tell how long the industry will continue to take a hit, here’s hoping for a speedy recovery and a thriving summer and fall. In the meantime, if you are faced with managing your property while hundreds of miles away, we can help. Our customized property management packages will meet your needs, large or small.
To learn more about how our team can maintain and manage your property while under shelter in place orders, please email Property Manager, Anthony Sillitta at anthony@maddenre.com or visit www.maddenre.com