This condominium owner has elected to buy and place his condominium on a vacation rental program making it available for you and others to rent. There has always been people who buy and rent homes, apartments, or office space. It's a business, an investment, it's a way for owners of beach condominiums to not only own and enjoy a beach second home, but have someone else's hard earned money pay for it. Today there are over 10,000 condominium units on the Alabama Gulf Coast alone, and if you count all the resort areas in the United States that number will be in the hundreds of thousands. The majority by far are owned by individuals like yourself.
Most owners hire a rental management company to rent and manage their condominium unit.
Some go even further and manage the rental themselves. It's your choice of course, it's your property, but by far most use a management company. Using a professional rental management company takes away all the hassle and worry that goes with renting a property. They not only promote, advertise, handle bookings, and do the accounting, they maintain the unit right down to replacing a light bulb. To pay any more than 25 to 30 percent the management company better be doing one hell of a job.