Whether you are an investor just getting into real estate with a plan to expand your portfolio or a home owner with a vacation property along the New Hampshire or Maine coast line, at first glance, you might think you can self-manage your property. Don’t be fooled.

There are many challenges and barriers to consider. Attracting and screening tenants, chasing rent payments, and performing routine maintenance are all time-consuming and can be stressful.

After all, not everyone is built for a DIY self-management situation. It calls for a solid time commitment and an in-depth understanding of the market and rental laws to maximize your return on investment.

If you are not made for a self-manage approach, then you want to be sure to complete necessary due diligence to hire a qualified team to protect your investment

There are five things you’ll want to investigate about your potential property management group. Read more here.

To learn more about how our team can make your property a worry-free part of your financial portfolio, please email Property Manager, Anthony Sillitta at anthony@maddenre.com or visit www.maddenre.com

The Governor of NH has just extended the stay at home order through June 15^th however, new guidelines allow short term rentals to begin taking reservations on June 5^th, so what can you do to get your property rental ready and meet new requirements while sheltering at home?     

As the property owner, you have due diligence items to attend to for your short-term rental.

It goes without saying, pandemic or not, if your real estate investment has urgent needs, such as pipe breaks, gas leaks, or other utility troubles these are considered vital and can and should be quickly attended to. As maintenance and construction workers are deemed to be essential in most areas, these companies are still working. Get in touch with your preferred contractors to set up maintenance as soon as possible.

However, there are two very important pandemic-related conditions for short term rental owners to follow:

1. All out-of-state guests should be made aware at the time of the reservation they will be asked to attest via signed document that all guests all staying in your rental remained at a home for at least 14 days before arriving in New Hampshire. Upon guest check-in to your seasonal rental, you should be prepared to fulfill this requirement and collect all guest signatures and keep this documentation on file.

2. When the guest departs, you will need to perform enhanced cleaning and disinfecting of the property including pool, hot tub, door handles, faucet handles, and all other guest touch-points. You can find housekeeping sanitation guidance outlined in the New Hampshire Universal Guidelines.

These conditions take a little more coordination and may not be practical for out of state property owners as each state, county, city has different degrees of shelter-in-place orders in effect at this time. 

If you are a property owner outside NH, check your specific local government’s declarations or contact us.  As essential workers, our property management team can help you comply with the State ordered short term rental opening conditions.  

 

To learn more email Property Manager, Anthony Sillitta at anthony@maddenre.com or visit www.maddenre.com